Core industry sectors
In the coming years, the global market will continue to rely on coal as a basic source of energy. Despite the active development of green energy in the world and the fight against emissions into the atmosphere, the burning of coal will remain the main way to extract energy.
In the coming years, the use of this resource will not only not decrease, but will grow and reach its peak only in 2027, after which the decline will begin, the experts concluded.
The locomotive of the described process will be the countries of Southeast Asia. A significant investment will be required to meet the need.
Coal-fired power has come under pressure in recent years. Coal is being replaced by gas, new air quality standards are being introduced, public campaigns are being launched to support the complete abandonment of coal, and renewable energy is becoming cheaper at the same time.
Nevertheless, in the last two years, the demand for coal in the world has increased.
The demand for thermal coal in the countries of South-East Asia tends to grow. Investing in fixed assets makes a lot of economic sense. The possibility of a significant increase in the export of coal products, especially to the markets of Asian countries, will depend entirely on the elimination of infrastructure constraints. This applies to the development of port facilities, increasing the capacity of the railway network, and so on.