Leading Economies Still Hooked on Coal

Source:

"Coal utilization is projected to rise in the next 20 years, even as the world debates its use."

Nearly all of the leading and emerging economies of world are increasingly employing coal as the major source of their energy security.

Presently, says a report of International Energy Agency (IEA,) coal produces more than 49% electricity in the U.S.A, 49% in Germany, 76% in Australia, 68% in India, and 81% electricity in China, Khan said.

According to projections released by the U.S. Department of Energy Information and Administration (EIA), China plans an average increase of 4.1% in coal-based power use by 2030. According to IEA Outlook Report 2008 global energy consumption will rise by 50% by the year 2030, he said.

For the same period, India plans energy share of coal in the range of 42 to 65% as compared to 7% for gas and 28% for oil in overall power mix.

A latest study highlights that in Germany, a ton of lignite coal produces 1100kw of electricity, 190 cubic meters of substitute natural gas, 160 liters of diesel and 50 cubic meters of synthetic gas. This multiple use of coal is one of the reasons for continuous rise in its global consumption.

The Economist recently published the article, A new age of coal is upon us, in its January 27, 2011 issue. The coal boom, according to The Economist, "has spurred a number of mergers and acquisitions in 2010 with a value of $52 billion."

Global utilization of coal for power generation is 42% and projected to rise to 44% in the next 20 years, but the world is still debating its use.

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