India emerged as the world's largest buyer of seaborne coal two years ago, surpassing China and Japan, driven by heightened steel demand. Despite a slight decline in imports in 2022 and 2023, projections suggest a rise to 100 million metric tons by 2030.
The United States, the UK, Italy, France, Japan, Germany, and Canada have reached an agreement this week to phase out coal for power generation by 2035. This move has received mixed reactions, with some praising the decision while others, like Greenpeace, deem it insufficient.
Central Asian states have significantly increased their coal-based power generation capacity over the past decade, with further expansion plans in the pipeline.
Japan is set to import the highest quantity of coal in January in just over two years