Coal remains an important source of energy for the world and the demand is growing rapidly in many developing countries as they enjoy long-overdue economic growth. Over the 50 years from 2000 to 2050, demand might double to exceed 7000 million tonnes of coal equivalent and so account for almost 30% of the world’s primarily energy supply, up from todays 25%. Although newly imposed policies coupled with stricter emission regulations are in favour of renewable sources, coal is expected to remain a vital source for global power generation. However, there will be pressure to exploit this resource in the best possible manner to reduce greenhouse gas emissions and protect the environment. New and stricter emission regulations imposed on coal-fired power plants have forced plant operators to divert towards cleaner and more efficient technologies such as clean coal technology and boost the global clean coal technology market.
Technological advancement in the field of energy and power have led to more effective combustion of coal resulting in lower emissions of nitrogen oxide and sulphur dioxide. Clean coal technology market is primarily driven by developed countries depended upon coal, and strong economic growth in the developing economies fuelled by coal requirement, not only for electricity generation, but also for the production of heavy industrial goods such as steel and cement. The objective of clean coal technology is to reduce the amount of CO2and other greenhouse gas emission for the same amount of power generated.
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Global Clean Coal Technology Market: Drivers & Restraints
The global clean coal technology market is anticipated to grow significantly during the forecast period. The growth in the global clean coal technology markets is mainly driven by the ever-increasing demand for reliable and clean power generation technology coupled with rapid urbanization and...