Electricity production from coal can reach 26% till 2040

According to the World Coal Association (WCA) by 2040 26% of electricity will be produced from coal. However, the share in the total production of energy generated from fossil fuels will drop to 30% from 41% now. Al in all this can push coal demand up to 1 billion tonnes per year.

Asia will be the main driver of the market as it is expected that 77% of the total world output of electricity from coal will account for this region, compared to 69% in 2015 and 38% in 2000. Year on year increase in the demand for electricity in India for the coming 25 years is expected to be on the level of 4.4%, South-East Asia 4.6%. Therefore, it will boost demand for the Commodity and be the main incentive for building Thermal power generation plants given that the market capacity will double.  It is expected, that in China electricity demand will go up by 4.6% till 2020 but then will shrink 2% in the coming 20 years. There will be 27% more Coal generated electricity in China in 2040 compared to today.