Coal to maintain its position in the energy balance for at least five years
artyom-korshunov-NWByxwVN-J0-unsplash-1024x1024
Coal-fired power generation will maintain its position in the world-wide energy balance for the next five years, according to Maxim Chursin, head of the coal industry department at the Energy Ministry’s Russian Energy Agency.

    “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 “In Western countries, the very notion of “abandoning coal” has to a degree been replaced by  the phrase “reducing coal consumption without capturing carbon”.

Share:

Share on facebook
Facebook
Share on telegram
Telegram
Share on email
Email
Share on twitter
Twitter
Share on vk
VK
Share on odnoklassniki
OK
Share on reddit
Reddit

Add comments

Your email address will not be published. Required fields are marked *

Brazil will build two solar panels manufacturing plants

The Brazilian startup Sengi Solar intends to build two new plants manufacturing solar panels in 2023-2024, the industry source PV Magazine informs. Together with recent commissioning of manufacturing lines in the state of Parana in the South of the country, this will allow for increasing the total company generating capacity up to 1.5 GW per annum.

read more ...

Archives


February 2022
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28