This year’s market outlook said that coal will still be the largest source of energy generation into 2035, but production of Appalachian coal is predicted to decline substantially.
According to the US Energy Information Administration’s “Annual Energy Outlook,” current data suggests Appalachian coal production will decrease “substantially from current levels, as coal produced from the extensively mined, higher cost reserves of Central Appalachia is supplanted by lower cost coal from other supply regions.”
The EIA is also projecting that greenhouse gas emissions from power generation probably aren’t going to decline anytime soon.
EIA Administrator Richard Newell said that “EIA’s projections indicate strong growth in shale gas production, growing use of natural gas and renewable in electric power generation, declining reliance on imported liquid fuels and projected slow growth in energy-related carbon dioxide emissions in the absence of new policies designed to reduce them. But variations in key assumptions can have a significant impact on the projected outcomes.”
According to the EIA, declines in mining productivity in the Appalachian region have substantially lowered the competitiveness of Appalachian coal.
A predicted increase in the northern part of the basin, the EIA predicts, will not be enough to bolster overall Appalachian production. After a sharp decline in coal prices in 2008, the coal market is not anticipated to rebound over 2008 levels until after 2025.
According to the US Energy Information Administration’s “Annual Energy Outlook,” current data suggests Appalachian coal production will decrease “substantially from current levels, as coal produced from the extensively mined, higher cost reserves of Central Appalachia is supplanted by lower cost coal from other supply regions.”
The EIA is also projecting that greenhouse gas emissions from power generation probably aren’t going to decline anytime soon.
EIA Administrator Richard Newell said that “EIA’s projections indicate strong growth in shale gas production, growing use of natural gas and renewable in electric power generation, declining reliance on imported liquid fuels and projected slow growth in energy-related carbon dioxide emissions in the absence of new policies designed to reduce them. But variations in key assumptions can have a significant impact on the projected outcomes.”
According to the EIA, declines in mining productivity in the Appalachian region have substantially lowered the competitiveness of Appalachian coal.
A predicted increase in the northern part of the basin, the EIA predicts, will not be enough to bolster overall Appalachian production. After a sharp decline in coal prices in 2008, the coal market is not anticipated to rebound over 2008 levels until after 2025.
(Sourced from Herald Reporter)
Posts
No comments:
Post a Comment