BAKU, Azerbaijan, February 16. Global coal generation per capita is expected to decline by more than 20 percent over the coming decade, Trend reports with reference to BMI, a Fitch Solutions company.
Despite this downward trajectory, markets in the Asia region are poised to maintain their status as the highest consumers of coal throughout the forecast period.
This reduction in coal consumption on a global scale, from an initial average of 926KWh to 743KWh per capita, underscores a significant shift in power output patterns driven by mounting environmental concerns and the increasing adoption of alternative energy sources.
Historically, Australia has led in coal generation per capita owing to its extensive coal reserves. However, amidst growing international efforts to curb carbon emissions, even coal-reliant nations like Australia are beginning to diversify their power mix with more sustainable alternatives.
In Asia, where economic development and energy security have traditionally relied on coal-fired power plants for stable baseload thermal power, the transition to cleaner energy sources has been gradual. Despite a global trend towards reduced coal reliance, the infrastructure and economic benefits derived from coal ensure its continued prominence in Asia's power mix for the foreseeable future.
At the close of the decade, BMI projects Bosnia & Herzegovina to lead in coal generation per capita, followed by Taiwan and Mainland China. Meanwhile, Australia is anticipated to witness a reduction of over 55% in coal generation, bringing it down to 1,956KWh per capita within the same timeframe.
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