Coal news and updates

Higher natural gas prices are projected to contribute to an increase in energy sector carbon dioxide emissions as coal consumption rises, the US Energy Information Administration said Aug. 10.

 

Carbon dioxide emissions from the energy sector will increase 7% to 4.9 billion mt in 2021 given growing economic activity, according to the EIA's Short-Term Energy Outlook. The sector's emissions fell 11% in 2020.

Notably, the projected 2021 increase in coal generation amid higher natural gas prices is partially to blame for the significant increase in climate-warming emissions. Coal-related CO2 emissions are expected to increase 17% this year as coal contributes a larger share of electricity.

 

"Despite significant growth in energy-related CO2 emissions as the US economy opens up, we don't see these emissions returning to pre-pandemic levels, at least in the short term," EIA Acting Administrator Steve Nalley said in a release.

 

In 2022, the agency expects the energy sector's CO2 emissions to rise another 1%, with coal's share of emissions falling 7%. Natural gas' share of power generation is projected in 2021 to decline from 2020 levels.

 

 

Source : https://www.spglobal.com/platts/en/market-insights