Coal demand falls as Asia shifts to renewables

摘要

Asia Pacific's energy demand is expected to increase by 22% through 2050 in a world with a business as usual (BAU) scenario. However, despite this overall energy demand growth, coal demand (TPES) is projected to drop by 15%, according to the APEC Energy Demand and Supply Outlook. The absolute decline in coal is consistent with the slowing demand for it. However, the declining trend is not consistent across all economies. In nine of the 21 APEC economies, coal consumption is expected to increase from 2016 to 2050. Coal demand (TPES) will rise almost threefold in Southeast Asia from 124 million tonnes of oil equivalent (Mtoe) in 2016 to 344 Mtoe in 2050. For China, the largest coal-consuming economy, domestic policies will see coal demand peak and then fall to 25% lower in 2050 than in 2016.