Investment and growth in coal output is still on the global agenda

Investment and growth in coal output is still on the global agenda

Major economies are still using and, in some places, increasing their coal output due to its cheap and reliable nature, with demand not waning. Both the US and China are not moving away from coal anytime soon.

In the US, Wyoming Governor Mark Gordon is looking at three potential sites for the experimental coal-generating plant he wants to build in his state. Gordon has asked for state lawmakers to provide $10 million to build a 5-megawatt plant that would be capable of capturing at least 75% of its carbon emissions.  This money would be used to leverage up to $40million in federal grant funding to supplement the work in the test centre.

It is clear the US is following through with its stance to encourage the use of fossil fuels in a clean and efficient way, not only for the benefit of the US but to encouraging developing nations to create their own energy renaissance, achieving economic security and growth.

Not only is the US looking at new sites for clean coal, but China’s coal output climbed 2.1% in December. According the government data, it has hit its highest level in over three years, amid robust winter demand and new mines being operational.  Miners produced 320.38 million tonnes of coal in December, according to the National Bureau of Statistics, the largest volume since June 2015.

It has also approved more than 45 billion yuan’s ($6.64 billion) worth of new coal mining projects last year, much more than 2017.  Much like the USA, China is working towards cleaner coal output, however, there is still significant demand for coal to keep up with economic development.

Demand for energy and the priority of development means that major economies like China and the US will need to continue to build clean coal generating plants in order to keep up with supply.  With the America’s calls to form a global alliance of countries to encourage the use of fossil fuels in clean and efficient ways these developments should be seen as positive steps towards a future of clean coal use.

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