November 27, 2017 Read More →

India Within a Decade of Peak Thermal Coal Demand, Predicts IEEFA

CleanTechnica:

New research published this week by the Institute for Energy Economics and Financial Analysis predicts that India will reach peak thermal coal demand within the next decade.

In a report published on Tuesday, the Institute for Energy Economics and Financial Analysis (IEEFA) forecasts India will significantly increase its share of renewable energy generation, a trend which it believes will be driven by significant cost decreases and increased energy efficiency gains over the next 10 years. As a result, Indian demand for imported coal will most likely decline and coal consumption will peak in 10 years.

A side effect of this is the potential that India’s declining demand for imported coal will undercut US and Australian coal exporters expectations of a long-term growth market.

India Within a Decade of Peak Thermal Coal Demand, Predicts IEEFA

Posted in: IEEFA In the News

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