Global high, sure, and yet at the same time a very probable peak with a future of steady fall:
For the forecast period, we expect a net reduction in global coal production starting in 2024, which would mean global coal production peaking in 2023 in line with global coal demand.
Ongoing declines in the United States and the European Union are likely to be complemented by reduced production volumes in Indonesia, as Chinese demand for seaborne thermal coal is likely to decrease.
The last bastion of remarkable growth in production is India, serving the growing demand from its power sector.
Our model suggests that declines in other countries will more than offset this growth
