In 1998, global consumption amounted to 94.9 exajoules. In 2010, consumption amounted to 151.2 exajoules. This increased to over 157.9 exajoules in 2019.
How much coal is used in the world?
World Coal Consumption
The world consumes 8,561,852,178 tons (short tons, st) of coal per year as of the year 2016. The world consumes 1,147,083 cubic feet of coal per capita every year (based on the 2016 world population of 7,464,022,049 people) or 3,143 cubic feet per capita per day.
How much is the coal industry worth worldwide?
The global coal mining market value has fluctuated greatly since 2010. The market value during this period peaked in 2011 at 1.3 trillion U.S. dollars, but declined in the following years, dropping to 571 billion U.S. dollars by 2015. In 2020, the market value amounted to approximately 698 billion U.S. dollars.
How much coal is burned per day in the world?
As it is, coal is responsible for about a third of our world’s current energy production, which means that 8 billion tonnes of highly-polluting coal gets burned every single year.
How much coal is produced per year?
Highlights for 2019
U.S. coal production decreased 6.6% year over year to 706.3 million short tons (MMst). The total productive capacity of U.S. coal mines was 1,009.5 MMst, a decrease of 1.1% from the 2018 level.
Which country uses coal the most?
Which country has most coal?
The top five countries with the largest proven coal reserves
- United States – 249 billion tonnes. …
- Russia – 162 billion tonnes. …
- Australia – 149 billion tonnes. …
- China – 142 billion tonnes. …
- India – 106 billion tonnes.
How much can I sell coal for?
In 2019, the national average sales price of bituminous, subbituminous, and lignite coal at coal mines was $30.93 per short ton, and the average delivered coal price to the electric power sector was $38.53 per short ton.
Why is coal use declining?
Over the last decade, the United States has seen a 40 percent decline in coal-fired generation, owing to lower coal plant utilization rates and plant retirements. … New coal-fired generation capacity is much more expensive to build and more difficult to site and permit than natural gas or renewable facilities.
How much is a lump of coal worth?
A small fee when you consider the price for that coal now runs around $73 a ton. That’s up from about $50 a ton last year.
How many years of coal is left?
Based on U.S. coal production in 2019, of about 0.706 billion short tons, the recoverable coal reserves would last about 357 years, and recoverable reserves at producing mines would last about 20 years. The actual number of years that those reserves will last depends on changes in production and reserves estimates.
Why is coal so cheap?
Coal is only considered cheap because coal plants do not have to pay for the full social and environmental costs of coal burning on people’s health, the natural environment, and our climate. … Wind power is now cheaper than coal in many markets; in the United States it’s now half the price of existing coal plants.
Is coal power expensive?
Coal is more expensive than other major electricity generation systems. … Prices per megawatt hour from electricity for coal-fired power plants range from a low of $60 to a high of $143, according to Lazard, a financial advisory firm that publishes annual estimates of the total cost of producing electricity.
Who is the largest coal exporter?
Who produces the most coal?
What is the biggest coal mine in the world?
North Antelope Rochelle coal mine