Despite the steady newsfeed telling society that it’s time to move away from fossil fuels, the numbers reveal something different. The global coal-fired power generation market is expected to post a compounded annual growth rate of more than 1% during the next four years, according to a recent market research report by Technavio. Similar numbers have been reported by other regional and international energy agencies.
In the news this month alone, Coal Age reports on new coal-fired plants and clean coal technology in both Mexico and China. Other news items mention countries importing more coal or launching new mines. Coal India Ltd., the world’s second-largest coal producer behind China’s Shenua, is now producing more than 600 million metric tons (mt) of coal per year.