Global Energy Mix
Energy is vital to human and economic development, yet providing access to affordable and reliable electricity remains problematic for many of Australia’s regional trading partners.
The Asia Pacific region contains eight of the world’s 15 most populous nations and the United Nations forecasts these countries alone will be home to another 700 million people by 2050.
The International Energy Agency has modelled 80 per cent growth in installed Asia Pacific electricity generation by 2040, as historically low per-capita electricity consumption behaviour  shifts on the back of urbanisation, industrialisation and rising wages.
An October 2020 report commissioned by the Minerals Council of Australia shows thermal coal imports to the region increasing from 834 million tonnes per year in 2019 to 1.109 billion tonnes per year in 2030 to meet this demand.
As nations seek to balance energy access objectives with action on reducing emissions, low cost, high quality and lower emission per unit of electricity produced Queensland coal, like that mined at Carmichael, will remain a leading choice to supply this market.