Over 4 lakh miners to face job loss in global coal industry by 2035
COAL & MINING

Over 4 lakh miners to face job loss in global coal industry by 2035

According to a new report by Global Energy Monitor, a US-based NGO that analyzes the evolving international energy landscape, the coal industry is anticipated to lose over 400,000 mining jobs by 2035. This number is equivalent to nearly 100 workers per day. The report states that this decline will occur even without climate commitments or policies aimed at phasing out coal. The main cause for this trend is the market's shift towards cheaper wind and solar power generation. Additionally, the lack of planning to manage the transition to a post-coal economy exacerbates the situation. The report suggests that approximately 990,200 coal mining jobs will vanish due to the expected closures of coal facilities. This could lead to the dismissal of more than one-third (37%) of the existing workforce. China and India are predicted to bear the brunt of these job losses. China's Shanxi province is projected to experience the largest number of job losses globally, with 241,900 jobs expected to be cut by 2050. Meanwhile, Coal India faces the prospect of the most significant job reductions, with 73,800 potential job cuts by the mid-century. The report highlights the urgent need for strategic planning to manage the transition and support the affected workforce in these regions.

According to a new report by Global Energy Monitor, a US-based NGO that analyzes the evolving international energy landscape, the coal industry is anticipated to lose over 400,000 mining jobs by 2035. This number is equivalent to nearly 100 workers per day. The report states that this decline will occur even without climate commitments or policies aimed at phasing out coal. The main cause for this trend is the market's shift towards cheaper wind and solar power generation. Additionally, the lack of planning to manage the transition to a post-coal economy exacerbates the situation. The report suggests that approximately 990,200 coal mining jobs will vanish due to the expected closures of coal facilities. This could lead to the dismissal of more than one-third (37%) of the existing workforce. China and India are predicted to bear the brunt of these job losses. China's Shanxi province is projected to experience the largest number of job losses globally, with 241,900 jobs expected to be cut by 2050. Meanwhile, Coal India faces the prospect of the most significant job reductions, with 73,800 potential job cuts by the mid-century. The report highlights the urgent need for strategic planning to manage the transition and support the affected workforce in these regions.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement