There’s been confirmation recently that demand for coal among key trade partners is set to rise, with the Hunter in a prime position to make the most of this opportunity.
Just before Christmas, the independent International Energy Agency released its latest report on global coal supply and demand trends. The report forecasts increased energy demand overall will see demand for coal in India rise by more than 3 per cent a year to 2023, with renewable energy doubling its share of Indian power generation to 25 per cent.
According to the IEA, coal consumption across south-east Asia will more than double by 2040, driven by an increase in demand for reliable and affordable electricity, and deployment of more advanced technology coal-fired power stations.
This is a major economic opportunity for the NSW coal sector and for the Hunter in particular, bringing increased investment and more jobs to the region.