London - The World Coal Association (WCA) welcomes the latest edition of the International Energy Agency’s (IEA) World Energy Outlook (WEO) 2016, which demonstrates coal’s continuing importance to the world’s energy mix.
The report forecasts that coal will generate more electricity in 2040 than all new renewable technologies (excluding hydro) combined.
Reflecting WCA’s focus on the role of high efficiency low emissions (HELE), the IEA has forecast an increase in new HELE coal plants in the next 25 years. According to the Agency’s latest forecast, 730GW of HELE plants will be built by 2040. More than half of the coal fleet in developing countries will increasingly consist of HELE plants by 2040.
The addition of new HELE plants is highlighted by the commitment of 22 countries who have submitted Nationally Determined Contributions under the Paris Agreement that include a role for HELE technology.
Welcoming the report’s release, Benjamin Sporton, WCA Chief Executive commented “This report highlights the importance of modern, high efficiency low emissions coal technologies in the decades to come, especially in Asia. HELE coal technologies are proven, commercially available today and result in immediate CO2 emission reductions of up to 30%. As we work to implement the Paris Agreement countries must be supported in implementing their commitments for this essential low emission coal technology."
"This report demonstrates that coal remains an essential part of global energy supply. For countries using coal, it is imperative to do so with the cleanest and most efficient low emission coal technologies available. India and Southeast Asia will be the driving force of demand for coal in the decades to come. For these countries the IEA highlights that excluding coal from the energy mix is not an option– It is essential for economic growth and critical in securing energy access” Mr Sporton concludes.
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About the World Coal Association
The World Coal Association is a global industry association formed of major international coal producers and stakeholders. The WCA works to demonstrate and gain acceptance for the fundamental role coal plays in achieving a sustainable and lower emissions energy future. Membership is open to companies and not-for-profit organisations with a stake in the future of coal from anywhere in the world, with member companies represented at Chief Executive or Chairman level. WCA is the global network for the coal industry.
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