REMINDER: IEA to launch Medium-Term Coal Market Report, 18 December, Singapore
The international launch of the IEA’s Medium-Term Coal Energy Market Report 2015
With the participation of Fatih Birol, Executive Director, IEA
On Friday, 18 December 2015, 10:00 a.m. Singapore time
At Singapore Marriott Tang Plaza Hotel 320 Orchard Rd, Singapore 238865
Although it has received less attention than the plunge in oil prices since mid-2014, the drop in coal prices has had a profound impact on global energy markets. Underpinning the weakness in coal prices is the decline in coal consumption in China for the first time this century, while pledges to reduce CO2 emissions made by dozens of countries ahead of the UN climate negotiations in Paris in December 2015 are also providing negative sentiment for coal producers. Partly offsetting the gloom is demand from a few populous emerging economies in Asia – particularly India – and the high odds that coal will remain China’s top energy source for several years to come. ….