Today he spoke at the “Coal” forum, where he talked about why to withdraw from the crisis of the industry a structural shift is needed, comparable in scale with the transformation of the mid-1990s.
The main theses:
the increase in coal production and export in the 2000s and 2010s. It was associated not only with the jump in demand in East and South Asia, but also with the previous sector restructuring, during which the closure of loss -making enterprises and a sharp reduction in employment took place against the background of the cutting of subsidies and the privatization of assets for the extraction and processing of coal; 2000s;
renewable renewable renewable renewable renewable renewable renewable reversals, including due to the leading input of windshields and solar panels;
the average pace of entry of coal TPPs in China slowed down more than half as compared to the second half of the 2000s, and in India four times compared to the first half 2010s;
Investments in coal mining in China increased by 36% in real terms in 2019-2024;
The fall in prices is in fact a return to many years of norm;
in the second half of the 2020s, restructuring will be less painful than in the mid-1990s, since the number of workers in production and processing Coal decreased by more than 60% in 2000-2020, and the share of underground production decreased from 42% in 1995 to 26% in 2020
Read more-in the file published below.
Rodionov
