5. Conclusion

For some years now, but even more so since 2009, the ups and downs of the global coal market have been linked to those of China. The Middle Kingdom now accounts for 16% of global coal imports, and the Chinese government's energy policy is having an impact on the global market. India, whose coal imports now account for 11% of global imports, further reinforces this Asian dominance. It is these two countries that will determine the future trajectory of coal markets, but also the evolution of CO ₂ emissions linked to coal combustion. Although China and India have not signed any agreements to reduce their CO ₂ emissions, they have announced a decarbonization of their economies, with...