New analyses by the International Energy Agency, Bloomberg New Energy Finance (BNEF) and other experts confirm what I explained in my last blog: that China’s revised historical coal consumption figures for 2000-2012, while significant in absolute terms, will not affect long term trends or impact the upcoming climate negotiations. Nor should they overshadow the remarkable fact that China’s coal consumption was essentially flat in 2014 and has been dropping steadily since then, leading some analysts to conclude that it is increasingly likely that China and global coal use have already peaked .
China national coal demand YOY% growth, comparing province data, pre- and post- revision central data
Source: Bloomberg New Energy Finance
What Went Up: China’s 2000-2012 Coal Consumption
Detailed analysis by BNEF (paywall) shows that cumulatively, China’s coal demand between 2000-2012 was revised upwards by 7% in physical terms and 11% in energy terms. This is les[……]