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King coal: consumption hits 44 year high

Published time: June 16, 2014 19:06
AFP Photo

AFP Photo

Coal consumption has jumped to its highest since 1970, with a 30.1 percent share of the global energy market in 2013. The BP Statistics Review also said renewables reached a record 2.7 percent due to fears of rising CO2 emissions and climate change.

Coal’s consumption comes just below the 32.9 percent share for crude oil, which has lost market share for the 14th consecutive year, says BP Statistical Review of World Energy 2014.

Europe is increasing coal imports the fastest, buying the most from the US where cheaper shale gas is replacing coal at power stations.

Europe is increasing its carbon emissions because it’s using too much coal because it’s cheap,” Royal Dutch Shell Plc’s Chief Financial Officer Simon Henry said in an interview on Bloomberg Television on June 3.

India made its second largest volumetric increase on record and contributed 21 percent in global growth.

China recorded the weakest absolute growth since 2008, but still accounted for 67 percent of the global total.

A "dramatic slowdown" in Chinese energy growth to 4.7 percent last year from 8.4 percent in 2012 puts a question mark over China's 2013 official economic growth figure of 7.7 percent, the Guardian quotes Christof Ruhl, BP's chief economist and author the statistical review.

"It is not easy to reconcile the slowdown in energy growth numbers and official [gross domestic product] numbers ... you can draw your own conclusions from that," Ruhl said.

However, the pace of growth of the global coal consumption is still below the 10-year average of 3.9 percent.

The production of coal globally grew by 0.8 percent, the weakest growth since 2002. Indonesia’s increase of 9.4 percent together with Australia’s 7.3 percent offset a decline in the US of 3.1 percent. China recorded the weakest volumetric growth of 1.2 percent in production since 2000.

Prof Nick Stern, author of the influential climate change report, the Stern Review, and the chair of the Grantham Research Institute on Climate Change, said his latest study showed the economic risks of unchecked climate change overcame previous estimates. He warns that living standards could start to decline later this century unless the growth in annual emissions of greenhouse gases is checked.

Meanwhile the renewable energy sources continued to increase in 2013, reaching a record 2.7 percent of global energy consumption, up from 0.8 percent a decade ago.

China recorded the largest incremental growth in renewables, followed by the US, while growth in Europe’s leading players such as Germany, Spain and Italy was below average.

Globally the use of wind energy increased by 20.7 percent contributing more than half of renewable power growth. Solar power grew even more rapidly, by 33 percent, but from a smaller base.

Global biofuels production grew by below average at 6.1 percent.

source: BP Statistical Review of World Energy June 2014 bp.com/statisticalreview

Comments (5)

 

Glen897 23.06.2014 12:03

A. Smith 16.06.2014 21:18

even the sheeple should be asking why that 1930's 'The Formula' chemical conversion process isn't widely and commercially being used and deployed.

  

Shhh Shhhh. Calm down. China is expected to consume half of the worlds Methanol producton this year. The domestically made methanol is produced from coal. It is blended with gasoline for fuel. Far better than turning corn into low grade Ethanol, which was just a scam by US corn growers.
As for coal being radioactive; it depends on where it is sourced from.

 

Rudi Meister 16.06.2014 22:02

wow, looks like the oligarchs have won, lets put our hands together at their utter and complete success in the ever growing pursuit of "More".
Those of you that don't have children yet, you may not experience your grand children, simply because our time here is possibly that short.
i'm no rocket scientist, but come on, what hope is there after reading the news everyday?

 

A. Smith 16.06.2014 21:22

Why does Silver Tarnish on earth now? Because of the massive use of Coal Burning during the Industrial revolution in the West. Massive commercial and domestic use of burning coal fills the environment with deadly radioactive isotopes that were locked inside that coal, deadly toxic sludge from what remains afterwards and the deadly effects all of that carbon byproducts and sulpher does to the air and enviroment like acid rain for example on fish and childrens lungs.

Huma nity on earth is burning millions of years worth of Coal in mere decades and the earth and oceans are now super saturated with carbon as a result.

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