China’s coal demand will start to fall in 2025 once consumption at utilities and other industrial sectors reaches its peak, a State-owned think tank said in a new report, easing pressure on Beijing to impose tougher curbs on fossil fuels.
The world’s biggest coal consumer is expected to see total consumption fall 18% from 2018 to 2035, and by 39% from 2018 to 2050, the CNPC Economics and Technology Research Institute, run by the State-owned China National Petroleum Corp (CNPC), forecast in a report on Thursday.