Exact(2)
"I think historians really will see [the coal peak of] 2014 as a very important event in the history of the climate and economy of the world".
The team's analysis, published in the Nature Geoscience journal, concludes that China's coal peak "may well be an important milestone in the Anthropocene and a turning point in international efforts to [cut] the emissions of climate-altering greenhouse gases".
Similar(58)
With the increase of the distance from support tip to coal wall, the peak abutment pressure in front of the face decreased.
World coal production will peak by 2050 latest, and could peak as early as 2020.
With China set to reach peak coal production more quickly than expected, coal investments look especially risky.
In 2013, a report "The Illusion of Peak Coal" by energy consultancy Wood MacKenzie expected China's coal consumption to double by 2030, while International Energy Agency forecasts expected China's coal consumption to grow at a slower pace, increasing about 1.5 to 2.5percentt a year through 2020, and reaching a plateau only around 2030.
China may have already hit peak coal.
At peak coal prices, the mine was worth around A$500m.
Signs that we may have reached peak coal production are also encouraging.
China's leaders have said its coal use will peak in the next five years, said Leaton, but this has not been priced in.
China's coal demand will peak around 2020 and then stay steady until 2035, the report predicted, and in 2025, India will overtake the United States as the world's second-largest coal user.
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