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Coal mining and export in Russia
2023
Prices for high-quality coal in Asia as of January 9, 2023 are close to record levels and exceed $400 per ton.
2022
China dramatically increases construction of coal-fired power plants
In 2022, the Chinese authorities sharply increased the construction of coal-fired power plants. This was reported in local organizations "Center for the Study of power and Clean Air" and "Global Energy Monitoring" on February 27, 2023. Read more here.
Kazakhstan sharply increased coal supplies to the EU
In January-May 2022, Kazakhstan supplied 1.5 million tons of coal to the European Union - almost twice as much as in the entire 2021. The increase was against the background of sanctions on supplies from Russia.
Coal prices rose from $186 per ton to $462, record demand of 8 billion metric tons is expected
For the period from February 23 - on the eve of the beginning of the military conflict in Ukraine - by March 14, 2022, they increased from $186 per ton to $462, and are likely to exceed $500 per ton this year, suggests the Norwegian independent energy market analyst Rystad Energy.
The world's dependence on coal - the fuel many thought would soon disappear - is now stronger than ever. For April 2022, total coal consumption - for electricity, steel and other industrial purposes - is expected to rise by nearly 2% to a record 8 billion metric tons in 2022 and remain at that level until at least 2024.
"When you're trying to find a balance between decarbonization and energy security, everyone knows what wins: The light has to burn," says Steve Halton of Rystad Energy.
2021
Indonesia, Australia and Russia are the largest exporters of thermal coal in the world
India, China world's biggest coal energy producers
India and China defended the future of coal for a reason at the Glasgow climate summit in November 2021: no country has introduced more coal-fired power plant capacity than these two major issuers in the past decade.
In 2021, China and India produce a total of 14 million tons per day. Not only does coal still play a crucial role in meeting their current energy needs, it also looks set to play that role for many more decades.