Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
The largest coal consumers
Economy

The largest coal consumers are increasing raw material exports

06.02.2022
2 min read

Major coal consumers continue to develop the industry

At a time when many countries are trying to reduce the amount of carbon emissions in the atmosphere, the largest consumers of coal are planning to increase imports of raw materials. According to experts, the growing demand for fossil fuels from China, the U.S. and India threatens environmental initiatives.
If the volume of consumption by major importers increases, then we can forget about the progress in reducing emissions, which was achieved during the pandemic. It has become known that the U.S. wants to increase its use of coal by 16% this year and will increase by another 3% next year. India and China, which account for about 60% of global consumption, also noted that in the near future they are not going to reduce the turnover, but only to increase.
It is interesting that in 2020 China announced a new strategy that calls for a zero-neutrality by 2060. At the same time, the country remains a leader in the amount of harmful substances that pollute the air, and it consumes more coal than the rest of the world. In order to control the environmental situation, Chinese authorities have pledged to reach peak emissions only by 2030.
Despite the fact that the problem of global climate change is becoming increasingly urgent, a number of experts see opportunities in it for various countries, including Russia. On the one hand, global warming leads to melting glaciers and forest fires. On the other hand, the rising temperature in the Arctic improves passability of vessels carrying liquefied gas from Russia.The largest coal consumers increase imports At the same time, analysts promise an increase not only in the supply of Russian gas, but also coal. They claim the country will increase exports to the Asia-Pacific region to 174 million tons by 2025. This figure is 42% more than recorded last year. The demand for raw materials from the Indian basin states – India, Indonesia and others – will more than double. By 2025, the supply of Russian coal to this region could reach the level of 57.5 million tons, now this figure is 24.1 million tons. In the period from 2016 to 2020, exports of raw materials from the Russian Federation increased by 40%. Against the background of increased coal purchases by the APAC countries, the European Union has significantly reduced imports, in addition, it is also reducing its own production. Therefore, Russia focuses on supplying to Asia, where coal accounts for 47% of the total energy balance. However, a number of difficulties, including China’s restrictions on transit of raw materials, prevent Russia from increasing its supplies. 

Tags: Economic
0
Previous Post Korea's Hyundai invests in new production facility in the U.S. Next Post Patterns in the stock market: what shapes are used in technical analysis

You Might Also Like

spike in unemployment in Europe
Economy
European Union expects a spike in unemployment
23.11.2021
Russian GDP growth
Economy
What GDP growth Russia showed in 2019: overview of the Ministry of Economic Development data
13.11.2020
GDP of African countries
Economy
African GDP was able to withstand the coronavirus pandemic
18.03.2021
household debt
Economy
US household debt increases: FRB reporting results
14.09.2020
IMF Outlook
Economy
IMF forecast: what is expecting the world economy next year
16.06.2020
Nord Stream 2 pipeline construction
Economy
Germany supports construction of the Nord Stream-2 gas pipeline
03.03.2021

Recent Posts

  • 1guidelines for cryptocurrency exchanges
    Canada releases guidelines for cryptocurrency exchanges
    25.05.2022
  • 2How IT is used in banks
    How IT in banks helps transform the sector
    24.05.2022
  • 3Development of the financial sector-1
    Development of the financial sector in terms of DeFi potential
    23.05.2022
  • 4export volumes
    India’s export volumes rise to record levels
    22.05.2022
  • 5Ma Huaten
    Who is Ma Huateng: a professional history
    21.05.2022

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Bloomberg Agency: GBP cost is decreasing

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

guidelines for cryptocurrency exchanges
Canada releases guidelines for cryptocurrency exchanges
25.05.2022
How IT is used in banks
How IT in banks helps transform the sector
24.05.2022
Development of the financial sector-1
Development of the financial sector in terms of DeFi potential
23.05.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Bloomberg Agency: GBP cost is decreasing
  • Mobile app developer Scopely received large funding
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics