A 2˚ Celsius rise in global temperatures could result in a 40% reduction in global thermal coal trade by 2035, new analysis by Wood Mackenzie has found.
According to Woodmac, the reduction in trade in thermal coal, from an estimated 900-million tonnes for 2016, to 527-million tonnes by 2035, will also likely lead to unintended consequences for prices if market consolidation occurs, the commercial intelligence firm advised.
