As the best in the coal business, the team here at Pearson Fuels like to be as helpful as we can. After all, coal is one of the most beneficial fuels in the world. It is used in open fires and stoves in order to heat living spaces all around the world. In order to educate our readers, we have decided to go over a few interesting things that most people may not know about the fossil fuel we rely on so much…
Coal Accounts For 30% Of The World’s Energy Needs
All over the world, we use coal in order to power electrical grids and generate power. In fact, recent statistics show that coal accounts for a massive 30% of global energy consumption. This means that every time you charge your smartphone or cook a meal, the likelihood is that the power came from a coal power station.
Coal Reserves Will Only Last Another 200 Years
Coal is a fossil fuel that was created over a process known as coalification, which takes around 300-million years to complete. As a result, our reserves will not last forever and experts predict that we have enough to last for another 2 centuries at the current rate of consumption.
India Is The World’s Fastest-Growing Coal Importer
Although China and Japan import more coal than India each year, and China sits at the top spot as the country which consumes the most coal, India is actually the fastest-growing coal importer around. In fact, according to statistics, from 2011 to 2012 Indian imports increased by over 65% from 105-million tonnes to a staggering 160-million tonnes in order to meet demands. This means that there is a worldwide inefficiency where countries aren’t producing enough coal to sustain their own needs and have to rely on imports from other nations.
When it comes to coal, it is important to remember that our sources are not limitless. After all, coalification isn’t a process that takes place overnight! That is why the government has been looking for renewable alternatives in order to replace coal power over the next few centuries. With this said, coal is still available in abundance in 2019, especially house coals like bituminous coal and anthracite! To find out more information, get in contact with the best coal merchants around and speak to a member of the Pearson Fuels team today!