IEA expects coal demand to peak by 2030

The International Energy Agency (IEA) expects global coal demand to peak in 2030, and future market dynamics will be determined by China, India, Indonesia and some Southeast Asian countries, where about half of the coal demand is for power generation.

The IEA believes that the coal outlook for these countries depends on theCapacity of the power system to accommodate natural gasas well asNew renewable energy (EBT) Capacity.. EBT capacity in developing countries will increase by more than 600 GW per year on average through 2035, enough to drive a sustained decline in coal demand, but if the trend in EBT and natural gas acceptance stagnates, coal demand couldrebound (of stock market etc)The

The IEA also expectsOil and gas consumption to remain strong through 2050, due to the direction of U.S. energy policy andLower gas prices. Oil markets in the short termsufficient supply, thanks to contributions from the five countries of the Americas, but production reductions from existing fields and consumption growth will quickly absorb excess supply, requiring about new by 2035.25 million bpd of supply to balance the market, oil prices are expected to rise to stimulateupstream investmentThe

In addition, despite the fact that theAbsorptive capacity of new liquefied natural gas (LNG) suppliesConcerns exist, IEA expects gas demand to continue to rise. Energy security is a key concern for many governments, and policymaking needs to find a balance between energy objectivesSynergy and compromiseThe