Insight
Metallurgical coal energy transition outlook 2024
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Under our accelerated climate scenario analysis, we see emissions from the steel sector declining by 60% in pledges and 85% in net zero, compared to 30% in our base case. These severe decarbonisation targets will require comprehensive changes to global steel production processes, and its central role in BF steelmaking means that metallurgical coal will be caught in the crosshairs. The loss of metallurgical coal demand will be driven by a combination of declining hot metal production, an optimisation of coke and PCI rates, and the displacement by hydrogen injection. While we expect there to be some support for high grade HCC from steelmakers looking to make some slight emissions savings in the short run, this effect will be drowned out by the overall decline in demand. We expect met coal demand to drop significantly below our base case by 2050 under both decarbonisation scenarios, pulling down our long term prices.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Thermal coal energy transition outlook 2024
Global seaborne thermal coal demand drop by 48% and 69% in 2050 under the Pledges and Net zero scenarios, respectively.
$10,000
Insight
Zinc energy transition outlook 2024
Zinc will play a vital but unglamorous role in the energy transition.
$1,050
Insight
Copper energy transition outlook 2024
Outlining the demand and supply side implications for copper under the Net zero and Pledges scenarios.
$1,050
