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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

11 Oct 2023 1 Min Read CW Team
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.

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