Although the demand for coal is slowing, Xizhou Zhou, Senior Director and Head of China Energy at IHS Energy Group, believes that the world is too reliant on coal for power generation and it will remain a vital source of energy for the next few decades. Zhou explains coal is still the cheapest way to provide electricity to developing country's such as India. Although improvements in energy efficiency and renewable energy technology have reduced the demand for coal, it still provides 29% of the world's electricity and more than 40% of its energy supply, and coal consumption is predicted to increase due to rising demand in India and Southeast Asia over the next few years.
Although the demand for coal is slowing, Xizhou Zhou, Senior Director and Head of China Energy at IHS Energy Group, believes that the world is too reliant on coal for power generation and it will remain a vital source of energy for the next few decades. Zhou explains coal is still the cheapest way to provide electricity to developing country's such as India. Although improvements in energy efficiency and renewable energy technology have reduced the demand for coal, it still provides more than 40% of the world's electricity and 29% of its energy supply, and coal consumption is predicted to increase due to rising demand in India and Southeast Asia over the next few years.