Posted October 16, 2018 06:12:16With its new President-elect, President-Elect Trump, and his Cabinet of billionaires, the United Kingdom is heading toward its next major energy project.
This new alliance will likely include a lot of coal.
But it will also likely include offshore wind and solar power.
The U.K. has been the world’s leading exporter of coal since the 1970s.
But coal exports have declined to an average of 2,000 gigawatts (GW) in 2018, from an average annual growth of 5 GW in 2020, according to the International Energy Agency.
In contrast, U.S. coal exports averaged 5,000 GW in 2018 and 6,000 MW in 2020.
The U.N. predicts that coal exports will drop to 3,600 GW in 2025, down from 5,700 GW in 2019.
The future of U.k. coal importsThe U., which produces nearly 70 percent of the worlds coal reserves, is already exporting coal to Asia and Latin America.
But the future is uncertain, especially if the Trump administration makes any progress in implementing policies to restrict the use of coal by U.s. companies.
Coal is an energy resource, and coal companies need to be able to access cheap natural gas from the shale gas industry, which has been growing at a rapid pace in the U.E.U. Secretary-General Antonio Guterres said earlier this year that his country was willing to take more risks in order to secure the future of the U-K.
He said, “The only thing that would give me any concern is if the new U.UK government decides to withdraw from the UK and join a new group that would be the world energy superpower.”
In order to make this possible, the U’s new Secretary-general will need to secure a number of concessions in the form of export contracts from other countries, including the United Arab Emirates, Indonesia, Saudi Arabia, Turkey, and the European Union.
In addition, the administration will also need to ensure that its energy policy is flexible enough to accommodate other technologies, such as wind, solar, and biofuels.
For now, coal exports to Asia are unlikely to increase significantly in the next several years, especially with the Trump Administration’s aggressive stance on the environment and its plans to roll back Obama-era policies on climate change.
But as the U.-K.
transitions to a more climate-friendly climate, this uncertainty should not be overlooked.