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South Korean Thermal Coal Consumption Dips in 2019

Coal News - Published on Mon, 12 Oct 2020

Image Source: South Korea Coal
According to the report by the Korea Energy Economics Institute, South Korea's coal consumption for electricity generation decreased 7 percent in 2019 from a year earlier due to its efforts to cut carbon emissions. Asia's fourth-largest economy consumed 94 million tonnes of coal to generate electricity, compared with 101 million tonnes a year earlier. It marks the second consecutive year of decline. South Korea's coal consumption for power generation rose from 101 million tonnes in 2016 to 140 million tonnes in 2017 before going south a year later.

However, according to a report issued in August by the Organization for Economic Cooperation and Development, renewable energy accounted for two percent in South Korea’s primary energy supply, the lowest among the 36 OECD members. The report said that fossil fuels such as coal, oil and natural gas take up 80 percent of the country's prime energy supply, of which coal represents 31 percent, more than in most other OECD member states.

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Posted By : Yogender Pancholi on Mon, 12 Oct 2020
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