25 July, 2015

Global coal demand is slowing fast


“G

lobal coal demand is slowing fast,” is the headline in a June Business Insider Australia story. “The global coal renaissance is the most important climate story today,” is the headline in a July Vox story.

Which is correct? Mostly the first one. There was a true global coal renaissance starting around the year 2000, a resurgence due primarily to China. But it is now stalling.

China was responsible for some 80 percent of the growth in global demand since 2000. You can see that in this June 15 chart from BP’s Group Chief Economist based on their newly-released “Statistical Review of World Energy 2015.”

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