The West is forced to accept that coal, the dirtiest fossil fuel, continues to be produced and used steadily in the world despite all decarbonization programs. writes about this Bloomberg .
According to experts, although coal consumption has decreased in developed countries, the demand for this energy source is still high in China, India and other developing countries. Coal provides approximately one-third of the world’s electricity production.
As noted in the publication, new coal power plants continue to be built in Asia despite increasing energy consumption. In 2022, China, India and Indonesia alone launched 59 GW of coal capacity and resumed 131 GW of additional projects.
“You’re seeing the demand and installation of coal-fired power plants in Asia, particularly in India; coal isn’t going anywhere anytime soon,” Rob Bishop, chairman of Australian coal miner New Hope, told the publication.
Before that, it was known that there was Russian coal. loses Position in the Asian market due to low prices
Early China sharply reduced Coal purchase from Russia