Coal Mining is on the Rise in 2017

Published on: 26 Jun, 2017

The United States, China and India are the world’s biggest coal users, and in 2017 all three countries have increased coal mining, which is a drastic change of approach to energy generation from the previous years. In 2016 we have witnessed a record decline in coal mining and use in an impressive collaboration to tackle climate change emissions.

According to a report by The Associated Press (AP), which has reviewed recent mining data, production through May is up by at least 121 million tons, or 6 percent, for the three countries compared to the same period last year. Among the three major countries, the United States is where the change has been the most drastic. Data provided by the U.S. Department of Energy shows that coal mining has increased an estimated 19% in the first five month of 2017.

Analysts are expecting the reversal to be temporary in the U.S, but not so in India, where use of coal will likely continue to grow. They're divided on the forecast for China over the next decade according to AP.

Despite the increase in production this year, the coal industry's dominant position as an energy provider is losing its steam. China is now users more renewable energy sources than any other country, and their use of renewables is only expected to improve and expand overtime. The leaders of the Communist Party in China vowed to invest $360 billion in the green energy through 2020.


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Danny Abramov

Email: Danny@financialbuzz.com

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