10 Dec 2024.
COAL IMPORTS
In 2024, the global reliance on thermal coal is proving to be more resilient than expected. Kpler reports a 9 million metric ton increase in thermal coal exports for the first 11 months compared to 2023, with Indonesia leading the charge by exporting over 500 million metric tons. Exports will climb further in December as power firms stock up for the Northern hemisphere winter. China expanded imports by around 8% to a record 340 million tons from January 1st through the first week of December.
COAL IMPORTS AND CONSUMPTION
China's electricity generation from coal-fired plants climbed 2% over the first 10 months of 2024 to a new record of 4,838 terawatt hours, according to energy think tank Ember, making 2024 the ninth consecutive year of coal-fired expansion in China. The continued expansion in coal imports and use underscores the difficulty of dislodging fossil fuels from energy systems, and may disappoint those hoping for a peak in coal burning. Beyond China, other key growth markets for coal imports and consumption this year are across Southeast Asia, where several economies have benefited from expanded manufacturing output and exports, and rising regional consumption.
Sources: finimize, Reuters
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Kokel, Nicolas
