World Coal Association announced that coal leaders will be gathering in London on Wednesday 23 January to discuss and debate the future of thermal coal at the Coaltrans Global Thermal Coal conference.
WCA Chief Executive Mr Milton Catelin will be speaking about coal's positive future in the global energy mix and about the difference between public perception and reality in energy debates. 42% of the world's electricity is generated by coal-fired power plants and the world's demand for power is growing, particularly in developing countries.
Mr Catelin will look at Asian demand for coal - with China and India accounting for the bulk of coal consumption and, according to the IEA, driving 75% of the growth in coal demand to 2035. New technologies to improve power plant efficiency and to capture CO2 will have positive environmental impacts and will play a huge role in the future of coal. And, despite the growing trend for gas, globally coal still remains the lowest cost source of electricity and developing nations, who are necessarily more cost conscious in their quest to grow their economies and alleviate poverty, will be hungry for thermal coal.
Source - World Coal Association