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The coal market and its future

In: CNB Global Economic Outlook - August 2020

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  • Jan Hosek

Abstract

Despite being on the wane as an energy commodity in developed nations, coal will remain an important energy source for the production of electricity, steel, aluminium, cement and other energy-intensive products in the near future. Coal is mined in many countries and is mostly used in its country of origin. In contrast to other energy commodities, only a small proportion of output is traded internationally. A transparent coal market has developed only over the past two decades. In recent years, strong competition from natural gas and renewables and political pressures have led to coal prices falling sharply, and they are not expected to go up significantly in the long term either.

Suggested Citation

  • Jan Hosek, 2020. "The coal market and its future," Occasional Publications - Chapters in Edited Volumes, in: CNB Global Economic Outlook - August 2020, pages 12-18, Czech National Bank.
    • Handle: RePEc:cnb:ocpubc:geo2020/8
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    File URL: https://www.cnb.cz/export/sites/cnb/en/monetary-policy/.galleries/geo/geo_2020/gev_2020_08_en.pdf
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