“Coal simply occupies too big a share of the world energy balance – 27 % of consumption of primary energy and 35 % of power generation,” Chursin said.
“In any event, the horizons in the strategic planning in environmental issues have been set down, no earlier than 2030. Coal consumption in Europe and the United States could therefore even increase.”
For Chursin, the “coal renaissance” in developed countries has become a specific, logical phenomenon.
“The reason behind it is heightened demand for energy resources and the record high prices for natural gas linked to the rapid recovery of the economy following the crisis of 2020,” he said.
“According to our estimates fluctuations in prices could continue right up to 2030. And yes, I theory, the economic situation makes you think about possibly moving up the energy transition,” Chursin said. “In Western countries, the very notion of “abandoning coal” has to a degree been replaced by the phrase “reducing coal consumption without capturing carbon”.