OREANDA-NEWS Global coal consumption in 2030 and 2050 will be higher than the forecasts of the International Energy Agency (IEA), while India will be one of the countries stimulating its global consumption, according to a study by the consulting company "Yakov and Partners", available to RIA Novosti. 

Thus, if the baseline scenario is implemented, the consumption of thermal coal in the world will grow by 3% by 2030 — from 6.8 billion tons in 2021 to 7 billion tons. At the same time, by 2050, the trend will reverse, as a result, consumption will decrease by 38%, to 4.2 billion tons.

At the same time, global consumption of coking coal, on the contrary, will increase throughout the period under review under any scenario due to the active growth of demand in the Asian region. By 2050, it will reach 1.1 billion tons (+18%) under the baseline scenario, 1 billion tons (+10%) under the recession scenario, or 1.2 billion tons (+29%) under the accelerated scenario.

The total demand for coal (energy and coking), thus, by 2030 will increase by 3%, to 7.9 billion tons, but by 2050 it will decrease by almost a third, to 5.3 billion tons. "These estimates exceed the expectations of the IEA by almost 1 billion tons and 0.5 billion tons, respectively," the study notes.

Experts expect that the growth in demand for coal will be demonstrated mainly by the fast-growing economy of India, as well as other developing countries in Asia (mainly the Asia-Pacific region) and Africa.