{"id":31550,"date":"2026-02-08T20:14:19","date_gmt":"2026-02-08T20:14:19","guid":{"rendered":"https:\/\/www.globalresearch.co.kr\/insight\/coal-trading-market-mordor\/"},"modified":"2026-10-16T20:46:13","modified_gmt":"2026-10-16T11:46:13","slug":"coal-trading-market-mordor","status":"publish","type":"post","link":"https:\/\/www.globalresearch.co.kr\/insight\/coal-trading-market-mordor\/","title":{"rendered":"\uc138\uacc4\uc758 \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5 \uaddc\ubaa8 \ubc0f \uc810\uc720\uc728 \ubd84\uc11d &#8211; \uc131\uc7a5 \ub3d9\ud5a5 \ubc0f \uc804\ub9dd (2026-2031\ub144)"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.globalresearch.co.kr\/insight\/wp-content\/uploads\/2026\/02\/coal-trading-market-1768304515757-major-players.webp\" alt=\"Chart\" class=\"aligncenter size-full\" \/><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.globalresearch.co.kr\/insight\/wp-content\/uploads\/2026\/02\/coal-trading-market-size-image-1768304521947.webp\" alt=\"Chart\" class=\"aligncenter size-full\" \/><\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-0\">1. \uc11c\ub860<\/p>\n<ul>\n<li class=\"toc-level-2\">1.1 \uc5f0\uad6c \uac00\uc815 \ubc0f \uc2dc\uc7a5 \uc815\uc758<\/li>\n<li class=\"toc-level-2\">1.2 \uc5f0\uad6c \ubc94\uc704<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-1\">2. \uc5f0\uad6c \ubc29\ubc95\ub860<\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-2\">3. \uc694\uc57d<\/p>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-3\">4. \uc2dc\uc7a5 \ud658\uacbd<\/p>\n<ul>\n<li class=\"toc-level-2\">4.1 \uc2dc\uc7a5 \uac1c\uc694<\/li>\n<li class=\"toc-level-2\">4.2 \uc2dc\uc7a5 \ub3d9\uc778\n<ul>\n<li class=\"toc-level-3\">4.2.1 \uc544\uc2dc\uc544\uc758 \uc544\uc5ed\uccad\ud0c4 \uc218\uc785 \uc218\uc694 \uae09\uc99d<\/li>\n<li class=\"toc-level-3\">4.2.2 \uc2e0\ud765 \ub3d9\ub0a8\uc544\uc2dc\uc544\uc758 \uc0c1\uc5c5\uc6a9 \uc11d\ud0c4 \ud654\ub825 \ubc1c\uc804\uc18c \ud655\uc7a5<\/li>\n<li class=\"toc-level-3\">4.2.3 \ub9ac\ucc98\ub4dc \ubca0\uc774 \ubc0f \uce5c\ud669\ub2e4\uc624 \ud56d\uad6c\uc758 \uc778\ud504\ub77c \ubcd1\ubaa9 \ud604\uc0c1 \uc644\ud654<\/li>\n<li class=\"toc-level-3\">4.2.4 \uc2e4\ubb3c \uc11d\ud0c4 \uac70\ub798 \ud50c\ub7ab\ud3fc\uc758 \ub514\uc9c0\ud138\ud654 \ubc0f \ube14\ub85d\uccb4\uc778 B\/L<\/li>\n<li class=\"toc-level-3\">4.2.5 \uc778\ub3c4\uc758 \ubc8c\ud06c \ud654\ubb3c \ud574\uc548 \uc6b4\uc1a1 \uc778\uc13c\ud2f0\ube0c<\/li>\n<li class=\"toc-level-3\">4.2.6 \uac00\uc2a4 \uac00\uaca9 \ubcc0\ub3d9\uc131 \uc18d \uc720\ub7fd \uc11d\ud0c4 \uc5f0\uc18c \uc7ac\uac1c (2025-27)<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">4.3 \uc2dc\uc7a5 \uc81c\uc57d\n<ul>\n<li class=\"toc-level-3\">4.3.1 REPowerEU \ubc0f IRA\uc5d0 \ub530\ub978 \uc7ac\uc0dd\uc5d0\ub108\uc9c0 \uad6c\ucd95 \uac00\uc18d\ud654<\/li>\n<li class=\"toc-level-3\">4.3.2 OECD \uc218\ucd9c \uc2e0\uc6a9 \uae30\uad00\uc758 \uc11d\ud0c4 \uae08\uc735 \uaddc\uc81c \uac15\ud654<\/li>\n<li class=\"toc-level-3\">4.3.3 IMO 2030 \ud0c4\uc18c \uc9d1\uc57d\ub3c4 \uaddc\uc81c\ub85c \uc778\ud55c \uac74\ud654\ubb3c \uc6b4\uc1a1 \ube44\uc6a9 \uc99d\uac00<\/li>\n<li class=\"toc-level-3\">4.3.4 \uc778\ub3c4\ub124\uc2dc\uc544\uc758 \uc758\ubb34\uc801\uc778 \uad6d\ub0b4 \uc2dc\uc7a5 \uc758\ubb34 (DMO) \uc0c1\ud55c\uc120<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">4.4 \uacf5\uae09\ub9dd \ubd84\uc11d<\/li>\n<li class=\"toc-level-2\">4.5 \uaddc\uc81c \ud658\uacbd<\/li>\n<li class=\"toc-level-2\">4.6 \uae30\uc220 \uc804\ub9dd<\/li>\n<li class=\"toc-level-2\">4.7 \ud3ec\ud130\uc758 5\uac00\uc9c0 \uacbd\uc7c1 \uc694\uc778\n<ul>\n<li class=\"toc-level-3\">4.7.1 \uacf5\uae09\uc5c5\uccb4\uc758 \uad50\uc12d\ub825<\/li>\n<li class=\"toc-level-3\">4.7.2 \uad6c\ub9e4\uc790\uc758 \uad50\uc12d\ub825<\/li>\n<li class=\"toc-level-3\">4.7.3 \uc2e0\uaddc \uc9c4\uc785\uc790\uc758 \uc704\ud611<\/li>\n<li class=\"toc-level-3\">4.7.4 \ub300\uccb4\uc7ac\uc758 \uc704\ud611<\/li>\n<li class=\"toc-level-3\">4.7.5 \uacbd\uc7c1 \uac15\ub3c4<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">4.8 \uc11d\ud0c4 \uc218\ucd9c\uc785\ub7c9 \ubd84\uc11d<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-4\">5. \uc2dc\uc7a5 \uaddc\ubaa8 \ubc0f \uc131\uc7a5 \uc608\uce21<\/p>\n<ul>\n<li class=\"toc-level-2\">5.1 \uc11d\ud0c4 \uc720\ud615\ubcc4\n<ul>\n<li class=\"toc-level-3\">5.1.1 \uc99d\uae30 (\uc5f4) \uc11d\ud0c4<\/li>\n<li class=\"toc-level-3\">5.1.2 \ucf54\ud06c\uc2a4 (\uc57c\uae08) \uc11d\ud0c4<\/li>\n<li class=\"toc-level-3\">5.1.3 \uac08\ud0c4<\/li>\n<li class=\"toc-level-3\">5.1.4 \uae30\ud0c0<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">5.2 \uac70\ub798\uc790 \uba54\ucee4\ub2c8\uc998\ubcc4\n<ul>\n<li class=\"toc-level-3\">5.2.1 \ud604\ubb3c \uac70\ub798<\/li>\n<li class=\"toc-level-3\">5.2.2 \uc7a5\uae30 \uacc4\uc57d<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">5.3 \ucd5c\uc885 \uc0ac\uc6a9 \ubd80\ubb38\ubcc4\n<ul>\n<li class=\"toc-level-3\">5.3.1 \ubc1c\uc804 \uc720\ud2f8\ub9ac\ud2f0<\/li>\n<li class=\"toc-level-3\">5.3.2 \ucca0\uac15 \ubc0f \uc57c\uae08<\/li>\n<li class=\"toc-level-3\">5.3.3 \uc2dc\uba58\ud2b8 \uc81c\uc870<\/li>\n<li class=\"toc-level-3\">5.3.4 \ud654\ud559\/\uc0b0\uc5c5 \ub09c\ubc29<\/li>\n<li class=\"toc-level-3\">5.3.5 \uae30\ud0c0 (\uc8fc\uac70, \uc0c1\uc5c5, \uc6b4\uc1a1)<\/li>\n<\/ul>\n<\/li>\n<li class=\"toc-level-2\">5.4 \uc9c0\uc5ed\ubcc4\n<ul>\n<li class=\"toc-level-3\">5.4.1 \ubd81\ubbf8<\/li>\n<li class=\"toc-level-4\">5.4.1.1 \ubbf8\uad6d<\/li>\n<li class=\"toc-level-4\">5.4.1.2 \uce90\ub098\ub2e4<\/li>\n<li class=\"toc-level-4\">5.4.1.3 \uba55\uc2dc\ucf54<\/li>\n<li class=\"toc-level-3\">5.4.2 \uc720\ub7fd<\/li>\n<li class=\"toc-level-4\">5.4.2.1 \uc601\uad6d<\/li>\n<li class=\"toc-level-4\">5.4.2.2 \ub3c5\uc77c<\/li>\n<li class=\"toc-level-4\">5.4.2.3 \ud504\ub791\uc2a4<\/li>\n<li class=\"toc-level-4\">5.4.2.4 \uc2a4\ud398\uc778<\/li>\n<li class=\"toc-level-4\">5.4.2.5 \ubd81\uc720\ub7fd \uad6d\uac00<\/li>\n<li class=\"toc-level-4\">5.4.2.6 \ub7ec\uc2dc\uc544<\/li>\n<li class=\"toc-level-4\">5.4.2.7 \uae30\ud0c0 \uc720\ub7fd<\/li>\n<li class=\"toc-level-3\">5.4.3 \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591<\/li>\n<li class=\"toc-level-4\">5.4.3.1 \uc911\uad6d<\/li>\n<li class=\"toc-level-4\">5.4.3.2 \uc778\ub3c4<\/li>\n<li class=\"toc-level-4\">5.4.3.3 \uc77c\ubcf8<\/li>\n<li class=\"toc-level-4\">5.4.3.4 \ub300\ud55c\ubbfc\uad6d<\/li>\n<li class=\"toc-level-4\">5.4.3.5 \uc544\uc138\uc548 \uad6d\uac00<\/li>\n<li class=\"toc-level-4\">5.4.3.6 \uae30\ud0c0 \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591<\/li>\n<li class=\"toc-level-3\">5.4.4 \ub0a8\ubbf8<\/li>\n<li class=\"toc-level-4\">5.4.4.1 \ube0c\ub77c\uc9c8<\/li>\n<li class=\"toc-level-4\">5.4.4.2 \uc544\ub974\ud5e8\ud2f0\ub098<\/li>\n<li class=\"toc-level-4\">5.4.4.3 \ucf5c\ub86c\ube44\uc544<\/li>\n<li class=\"toc-level-4\">5.4.4.4 \uae30\ud0c0 \ub0a8\ubbf8<\/li>\n<li class=\"toc-level-3\">5.4.5 \uc911\ub3d9 \ubc0f \uc544\ud504\ub9ac\uce74<\/li>\n<li class=\"toc-level-4\">5.4.5.1 \uc544\ub78d\uc5d0\ubbf8\ub9ac\ud2b8<\/li>\n<li class=\"toc-level-4\">5.4.5.2 \uc0ac\uc6b0\ub514\uc544\ub77c\ube44\uc544<\/li>\n<li class=\"toc-level-4\">5.4.5.3 \ub0a8\uc544\ud504\ub9ac\uce74 \uacf5\ud654\uad6d<\/li>\n<li class=\"toc-level-4\">5.4.5.4 \uae30\ud0c0 \uc911\ub3d9 \ubc0f \uc544\ud504\ub9ac\uce74<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-5\">6. \uacbd\uc7c1 \ud658\uacbd<\/p>\n<ul>\n<li class=\"toc-level-2\">6.1 \uc2dc\uc7a5 \uc9d1\uc911\ub3c4<\/li>\n<li class=\"toc-level-2\">6.2 \uc804\ub7b5\uc801 \uc6c0\uc9c1\uc784 (M&amp;A, \ud30c\ud2b8\ub108\uc2ed, PPA)<\/li>\n<li class=\"toc-level-2\">6.3 \uc2dc\uc7a5 \uc810\uc720\uc728 \ubd84\uc11d (\uc8fc\uc694 \uae30\uc5c5\uc758 \uc2dc\uc7a5 \uc21c\uc704\/\uc810\uc720\uc728)<\/li>\n<li class=\"toc-level-2\">6.4 \uae30\uc5c5 \ud504\ub85c\ud544 (\uae00\ub85c\ubc8c \uac1c\uc694, \uc2dc\uc7a5 \uac1c\uc694, \ud575\uc2ec \ubd80\ubb38, \uc7ac\ubb34 \uc815\ubcf4(\uc0ac\uc6a9 \uac00\ub2a5\ud55c \uacbd\uc6b0), \uc804\ub7b5 \uc815\ubcf4, \uc81c\ud488 \ubc0f \uc11c\ube44\uc2a4, \ucd5c\uadfc \ub3d9\ud5a5 \ud3ec\ud568)\n<ul>\n<li class=\"toc-level-3\">6.4.1 Glencore PLC<\/li>\n<li class=\"toc-level-3\">6.4.2 Vitol Holding BV<\/li>\n<li class=\"toc-level-3\">6.4.3 Trafigura Group Pte Ltd<\/li>\n<li class=\"toc-level-3\">6.4.4 Mercuria Energy Group<\/li>\n<li class=\"toc-level-3\">6.4.5 Hind Energy &amp; Coal Beneficiation India Ltd<\/li>\n<li class=\"toc-level-3\">6.4.6 China Shenhua Energy Co Ltd<\/li>\n<li class=\"toc-level-3\">6.4.7 China Coal Energy Co Ltd<\/li>\n<li class=\"toc-level-3\">6.4.8 Mitsubishi Corp RtM Japan Ltd<\/li>\n<li class=\"toc-level-3\">6.4.9 Centennial Coal Co Ltd<\/li>\n<li class=\"toc-level-3\">6.4.10 Borneo Coal Trading<\/li>\n<li class=\"toc-level-3\">6.4.11 Peabody Energy Corp<\/li>\n<li class=\"toc-level-3\">6.4.12 Arch Resources Inc<\/li>\n<li class=\"toc-level-3\">6.4.13 PT Adaro Energy Indonesia Tbk<\/li>\n<li class=\"toc-level-3\">6.4.14 Yancoal Australia Ltd<\/li>\n<li class=\"toc-level-3\">6.4.15 SUEK JSC<\/li>\n<li class=\"toc-level-3\">6.4.16 Banpu Public Co Ltd<\/li>\n<li class=\"toc-level-3\">6.4.17 PT Kaltim Prima Coal<\/li>\n<li class=\"toc-level-3\">6.4.18 Noble Group Holdings Ltd<\/li>\n<li class=\"toc-level-3\">6.4.19 Gunvor Group Ltd<\/li>\n<li class=\"toc-level-3\">6.4.20 Xcoal Energy &amp; Resources<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p class=\"toc-level-1 toc-content-heading\" id=\"toc-content-heading-6\">7. \uc2dc\uc7a5 \uae30\ud68c \ubc0f \ubbf8\ub798 \uc804\ub9dd<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ub2e4\uc74c\uc740 \uc81c\uacf5\ub41c &#8216;Market Overview&#8217; \ub0b4\uc6a9\uc744 \ubc14\ud0d5\uc73c\ub85c \uc791\uc131\ub41c \uc0c1\uc138\ud55c \ud55c\uad6d\uc5b4 \uc694\uc57d\uc785\ub2c8\ub2e4.<\/p>\n<p>&#8212;<\/p>\n<p>\uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5 \uaddc\ubaa8 \ubc0f \uc810\uc720\uc728 \ubd84\uc11d: \uc131\uc7a5 \ub3d9\ud5a5 \ubc0f \uc608\uce21 (2026-2031)<\/p>\n<p>1. \uc2dc\uc7a5 \uac1c\uc694 \ubc0f \uc608\uce21<\/p>\n<p>\uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5\uc740 2026\ub144 133\uc5b5 7\ucc9c\ub9cc \ub2ec\ub7ec\uc5d0\uc11c 2031\ub144 166\uc5b5 4\ucc9c\ub9cc \ub2ec\ub7ec \uaddc\ubaa8\ub85c \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70, \uc608\uce21 \uae30\uac04(2026-2031) \ub3d9\uc548 \uc5f0\ud3c9\uade0 \uc131\uc7a5\ub960(CAGR) 4.47%\ub97c \uae30\ub85d\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc131\uc7a5\uc740 \uc8fc\ub85c \uc544\uc2dc\uc544 \uc9c0\uc5ed \uc720\ud2f8\ub9ac\ud2f0\uc758 \uacac\uace0\ud55c \uc870\ub2ec, \ucc9c\uc5f0\uac00\uc2a4 \uac00\uaca9 \ubcc0\ub3d9\uc131\uc5d0 \ub300\ud55c \uc720\ub7fd\uc758 \ud5e4\uc9d5 \uc218\uc694, \uadf8\ub9ac\uace0 \ubc1c\uc804\uc6a9 \uc11d\ud0c4 \ub300\ube44 \uc81c\ucca0\uc6a9 \uc11d\ud0c4\uc758 \ud504\ub9ac\ubbf8\uc5c4 \ud655\ub300\uc5d0 \uc758\ud574 \uc8fc\ub3c4\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>IMO 2030 \ud0c4\uc18c \uc9d1\uc57d\ub3c4 \uaddc\uc81c\uc640 \uad00\ub828\ub41c \uc7a5\uae30 \uc6b4\uc1a1 \ube44\uc6a9\uc740 \uace0\uc815 \uac00\uaca9 \uacf5\uae09 \uacc4\uc57d\uc758 \ub9e4\ub825\uc744 \ud68c\ubcf5\uc2dc\ucf30\uc73c\uba70, \ub9ac\ucc98\ub4dc \ubca0\uc774(Richards Bay) \ubc0f \uce5c\ud669\ub2e4\uc624(Qinhuangdao) \ud56d\uad6c\uc758 \uc6a9\ub7c9 \uc99d\uc124\uc740 \uccb4\uc120\ub8cc \ubd80\ub2f4\uc744 \uc644\ud654\ud558\uace0 \uc120\ubc15 \ud65c\uc6a9\ub3c4\ub97c \ub192\uc774\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ub610\ud55c, \ub514\uc9c0\ud138 \uc120\ud558\uc99d\uad8c(bill-of-lading) \ud50c\ub7ab\ud3fc\uc774 \ud574\uc0c1 \uac70\ub798\uc758 12%\ub97c \ucc98\ub9ac\ud558\uba70 \uc2e4\uc2dc\uac04 \ud654\ubb3c \ud488\uc9c8 \uac80\uc99d\uc744 \ud1b5\ud574 \uc6b4\uc804\uc790\ubcf8 \uc218\uc694\ub97c \ub0ae\ucd94\uace0 \uc788\uc2b5\ub2c8\ub2e4. OECD \uad6d\uac00\ub4e4\uc758 \uc7ac\uc0dd\uc5d0\ub108\uc9c0 \ud655\ub300\uac00 \ubc1c\uc804\uc6a9 \uc11d\ud0c4 \uc218\uc694\ub97c \uc5b5\uc81c\ud558\uace0 \uc788\uc9c0\ub9cc, \uace0\ud488\uc9c8 \uc81c\ucca0\uc6a9 \uc11d\ud0c4\uc740 \uace0\ub85c \uc81c\uac15\uc5d0 \ud544\uc218\uc801\uc774\ubbc0\ub85c \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5\uc740 \ub2e4\uac01\uc801\uc778 \uc218\uc694\ub97c \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4.<\/p>\n<p>\ubcf8 \ubcf4\uace0\uc11c\ub294 \uc11d\ud0c4 \uc720\ud615(\ubc1c\uc804\uc6a9 \uc11d\ud0c4, \uc81c\ucca0\uc6a9 \uc11d\ud0c4, \uac08\ud0c4), \uac70\ub798\uc790 \uc720\ud615(\uc218\uc785\uc5c5\uc790, \uc218\ucd9c\uc5c5\uc790), \uadf8\ub9ac\uace0 \uc9c0\uc5ed(\ubd81\ubbf8, \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591, \uc720\ub7fd, \uc911\ub3d9 \ubc0f \uc544\ud504\ub9ac\uce74, \ub0a8\ubbf8)\ubcc4\ub85c \uc2dc\uc7a5\uc744 \uc138\ubd84\ud654\ud558\uc5ec \ubd84\uc11d\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>2. \ud575\uc2ec \ubcf4\uace0\uc11c \uc694\uc57d<\/p>\n<p>*   \uc11d\ud0c4 \uc720\ud615\ubcc4: \ubc1c\uc804\uc6a9 \uc11d\ud0c4(steam coal)\uc774 2025\ub144 \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5 \uc810\uc720\uc728\uc758 77.6%\ub97c \ucc28\uc9c0\ud558\uba70 \uc120\ub450\ub97c \uc720\uc9c0\ud588\uc2b5\ub2c8\ub2e4. \ubc18\uba74, \uc81c\ucca0\uc6a9 \uc11d\ud0c4(coking coal)\uc740 2031\ub144\uae4c\uc9c0 5.1%\uc758 \uac00\uc7a5 \ube60\ub978 CAGR\uc744 \uae30\ub85d\ud560 \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4.<br \/>\n*   \uac70\ub798 \ubc29\uc2dd\ubcc4: \uc7a5\uae30 \uacc4\uc57d(long-term contracts)\uc774 2025\ub144 \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5\uc758 60.5%\ub97c \ucc28\uc9c0\ud588\uc73c\uba70, 2031\ub144\uae4c\uc9c0 6.7%\uc758 CAGR\ub85c \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<br \/>\n*   \ucd5c\uc885 \uc0ac\uc6a9 \ubd80\ubb38\ubcc4: \ubc1c\uc804 \ubd80\ubb38\uc774 2025\ub144 \uac00\uce58\uc758 50.1%\ub97c \ucc28\uc9c0\ud588\uc73c\ub098, \uc81c\ucca0 \ubd80\ubb38\uc740 2026\ub144\ubd80\ud130 2031\ub144\uae4c\uc9c0 5.4%\uc758 \uac00\uc7a5 \ub192\uc740 CAGR\ub85c \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc608\uce21\ub429\ub2c8\ub2e4.<br \/>\n*   \uc9c0\uc5ed\ubcc4: \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591 \uc9c0\uc5ed\uc774 2025\ub144 \ub9e4\ucd9c\uc758 66.9%\ub97c \ucc28\uc9c0\ud558\uba70 \uac00\uc7a5 \ud070 \uc2dc\uc7a5\uc774\uc5c8\uace0, \uc608\uce21 \uae30\uac04 \ub3d9\uc548 4.9%\uc758 CAGR\uc744 \uae30\ub85d\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<\/p>\n<p>3. \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5 \ub3d9\ud5a5 \ubc0f \ud1b5\ucc30<\/p>\n<p>3.1. \uc131\uc7a5 \ub3d9\ub825 (Drivers)<\/p>\n<p>*   \uc544\uc2dc\uc544\uc758 \uc544\uc5ed\uccad\ud0c4 \uc218\uc785 \uc218\uc694 \uae09\uc99d: 2024\ub144 \uc911\uad6d\uacfc \uc778\ub3c4 \uc720\ud2f8\ub9ac\ud2f0\ub294 \uc804\ub144 \ub300\ube44 13% \uc99d\uac00\ud55c 7\uc5b5 9,300\ub9cc \ud1a4\uc758 \uc218\uc785 \uc11d\ud0c4\uc744 \uad6c\ub9e4\ud588\uc73c\uba70, \uc800\uc720\ud669 \uc778\ub3c4\ub124\uc2dc\uc544\uc0b0 \uc11d\ud0c4\uc744 \uc120\ud638\ud588\uc2b5\ub2c8\ub2e4. \uc544\uc5ed\uccad\ud0c4\uc740 \ub0ae\uc740 \ud68c\ubd84 \ud568\ub7c9\uc73c\ub85c \ubcf4\uc77c\ub7ec \uc720\uc9c0\ubcf4\uc218 \uac04\uaca9\uc744 \uc904\uc5ec \ud130\ube48 \uc218\uba85\uc744 \uc5f0\uc7a5\ud558\uace0 \uac00\ub3d9 \uc911\ub2e8 \uc704\ud5d8\uc744 \ub0ae\ucda5\ub2c8\ub2e4. ASEAN \uc9c0\uc5ed\uc740 2020\ub144\ubd80\ud130 2024\ub144\uae4c\uc9c0 18GW\uc758 \uc11d\ud0c4 \ubc1c\uc804 \uc6a9\ub7c9\uc744 \ucd94\uac00\ud558\uba70 \uafb8\uc900\ud55c \uc218\uc694\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc544\uc2dc\uc544 \uc9c0\uc5ed\uc758 \uc218\uc785 \uc99d\uac00\ub294 2031\ub144\uae4c\uc9c0 \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5 CAGR\uc5d0 1.2%p\uc758 \ucd94\uac00 \uc131\uc7a5\uc744 \uacac\uc778\ud560 \uac83\uc73c\ub85c \ubd84\uc11d\ub429\ub2c8\ub2e4.<br \/>\n*   \ub3d9\ub0a8\uc544\uc2dc\uc544 \uc2e0\ud765 \uc2dc\uc7a5\uc758 \uc0c1\uc5c5\uc6a9 \uc11d\ud0c4 \ud654\ub825 \ubc1c\uc804\uc18c \ud655\uc7a5: \ubca0\ud2b8\ub0a8, \ud544\ub9ac\ud540, \uc778\ub3c4\ub124\uc2dc\uc544\uc5d0\uc11c 2024\ub144 12GW \uaddc\ubaa8\uc758 \uc0c1\uc5c5\uc6a9 \uc11d\ud0c4 \ubc1c\uc804\uc18c\uac00 \uac00\ub3d9\uc744 \uc2dc\uc791\ud588\uc73c\uba70, \uc774\ub4e4\uc740 \uc7a5\uae30 \uc720\ud2f8\ub9ac\ud2f0 \uacc4\uc57d \ub300\uc2e0 \ubd84\uae30\ubcc4 \uc785\ucc30\uc744 \ud1b5\ud574 \uc5f0\ub8cc\ub97c \uc870\ub2ec\ud569\ub2c8\ub2e4. \uc774\ub294 \uc2a4\ud31f \uc2dc\uc7a5 \uac70\ub798\ub97c \uc99d\uac00\uc2dc\ud0a4\uace0 \uc9c0\uc5ed \uc11d\ud0c4 \uc911\uac1c \uc2dc\uc7a5\uc744 \ud65c\uc131\ud654\ud558\uba70, \uc720\uc5f0\ud55c \ube14\ub80c\ub529 \ubc0f \uc7ac\uace0 \uae08\uc735 \uc11c\ube44\uc2a4\uc5d0 \ub300\ud55c \uc218\uc694\ub97c \ucc3d\ucd9c\ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc0c1\uc5c5\uc6a9 \ubc1c\uc804\uc18c\uc758 \ud655\uc7a5\uc740 \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5\uc758 \uc608\uce21 \uc131\uc7a5\ub960\uc5d0 0.8%p\ub97c \uae30\uc5ec\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<br \/>\n*   \ub9ac\ucc98\ub4dc \ubca0\uc774 \ubc0f \uce5c\ud669\ub2e4\uc624 \ud56d\uad6c\uc758 \uc778\ud504\ub77c \ubcd1\ubaa9 \ud604\uc0c1 \uc644\ud654: \ub9ac\ucc98\ub4dc \ubca0\uc774 \uc11d\ud0c4 \ud130\ubbf8\ub110\uc740 25\uc5b5 \ub79c\ub4dc(ZAR) \uaddc\ubaa8\uc758 \ucee8\ubca0\uc774\uc5b4 \uc5c5\uadf8\ub808\uc774\ub4dc \uc774\ud6c4 2024\ub144 \ucc98\ub9ac\ub7c9\uc744 5,208\ub9cc \ud1a4\uc73c\ub85c \ub298\ub838\uc73c\uba70, \uce5c\ud669\ub2e4\uc624 \ud56d\uad6c\ub294 \uc790\ub3d9 \uc801\uc7ac \uc2dc\uc2a4\ud15c\uc73c\ub85c \uc120\ubc15 \ub300\uae30 \uc2dc\uac04\uc744 8\uc2dc\uac04 \ub2e8\ucd95\ud588\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ud63c\uc7a1 \uc644\ud654\ub294 \uccb4\uc120\ub8cc\ub97c \uc808\uac10\ud558\uace0 \uc120\ubc15 \ud68c\uc804\uc728\uc744 \ub192\uc5ec \uc120\ub2e8 \uc0dd\uc0b0\uc131\uc744 \ud6a8\uacfc\uc801\uc73c\ub85c \ud655\uc7a5\ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ubb3c\ub958 \uac1c\uc120\uc740 \ub2e8\uae30\uc801\uc73c\ub85c \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5 \uc131\uc7a5\uc5d0 \uc57d 0.6%p\ub97c \ucd94\uac00\ud560 \uac83\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4.<br \/>\n*   \uc2e4\ubb3c \uc11d\ud0c4 \uac70\ub798 \ud50c\ub7ab\ud3fc\uc758 \ub514\uc9c0\ud138\ud654 \ubc0f \ube14\ub85d\uccb4\uc778 B\/L \ub3c4\uc785: 2024\ub144 Trafigura-ING \ube14\ub85d\uccb4\uc778 \ud30c\uc77c\ub7ff\uc740 \uc120\ud558\uc99d\uad8c \ucc98\ub9ac \uc2dc\uac04\uc744 7\uc77c\uc5d0\uc11c 24\uc2dc\uac04\uc73c\ub85c \ub2e8\ucd95\ud558\uace0 \uae08\uc735 \ub9c8\uc9c4\uc744 15bp \ub0ae\ucdc4\uc2b5\ub2c8\ub2e4. \ube14\ub85d\uccb4\uc778 \ucee8\uc18c\uc2dc\uc5c4\uc740 \uc11d\ud0c4 \uac70\ub798 \uac00\uce58\uc758 12%\ub97c \ucc98\ub9ac\ud558\uba70, \uc774\ub294 \uc6b4\uc804\uc790\ubcf8\uc744 \ud655\ubcf4\ud558\uace0 \uac70\ub798\uc790\ub4e4\uc774 \uc7ac\ubb34 \ubd80\ub2f4 \uc5c6\uc774 \uac70\ub798\ub7c9\uc744 \ub298\ub9b4 \uc218 \uc788\ub3c4\ub85d \ud569\ub2c8\ub2e4. \uc774\ub294 \uc911\uae30\uc801\uc73c\ub85c \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5\uc744 0.4%p \uac15\ud654\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<br \/>\n*   \uc778\ub3c4\uc758 \ubc8c\ud06c \ud654\ubb3c \ud574\uc548 \uc6b4\uc1a1 \uc778\uc13c\ud2f0\ube0c: \uc778\ub3c4\uc758 \ud574\uc548 \uc6b4\uc1a1 \uc7a5\ub824 \uc815\ucc45\uc740 \uad6d\ub0b4 \ubb3c\ub958 \ud6a8\uc728\uc131\uc744 \ub192\uc5ec \uc778\ub3c4\ub124\uc2dc\uc544 \ubc0f \ud638\uc8fc \uc218\ucd9c\uc5c5\uccb4\uc5d0 \uac04\uc811\uc801\uc778 \uc601\ud5a5\uc744 \ubbf8 \ubbf8\uce69\ub2c8\ub2e4.<br \/>\n*   \uc720\ub7fd\uc758 \uac00\uc2a4 \uac00\uaca9 \ubcc0\ub3d9\uc131 \uc18d \uc11d\ud0c4 \uc18c\ube44 \uc7ac\uac1c: \ub2e8\uae30\uc801\uc73c\ub85c \uc720\ub7fd\uc758 \uac00\uc2a4 \uac00\uaca9 \ubcc0\ub3d9\uc131\uc740 \uc11d\ud0c4 \ubc1c\uc804 \uc218\uc694\ub97c \ub2e4\uc2dc \uc99d\uac00\uc2dc\ud0a4\ub294 \uc694\uc778\uc73c\ub85c \uc791\uc6a9\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>3.2. \uc81c\uc57d \uc694\uc778 (Restraints)<\/p>\n<p>*   REPowerEU \ubc0f IRA\uc5d0 \ub530\ub978 \uc7ac\uc0dd\uc5d0\ub108\uc9c0 \uac74\uc124 \uac00\uc18d\ud654: REPowerEU\ub294 2030\ub144\uae4c\uc9c0 750GW\uc758 \uc7ac\uc0dd\uc5d0\ub108\uc9c0 \ubaa9\ud45c\ub97c \uc124\uc815\ud558\uc5ec \ub9e4\ub144 1\uc5b5 2\ucc9c\ub9cc \ud1a4\uc758 \uc11d\ud0c4 \uc218\uc694\ub97c \ub300\uccb4\ud560 \uac83\uc785\ub2c8\ub2e4. \ubbf8\uad6d \uc778\ud50c\ub808\uc774\uc158 \uac10\ucd95\ubc95(IRA)\uc740 \uccad\uc815\uc5d0\ub108\uc9c0 \ud06c\ub808\ub527\uc5d0 3,690\uc5b5 \ub2ec\ub7ec\ub97c \ud22c\uc785\ud558\uc5ec \uc5f0\uac04 40GW\uc758 \ud48d\ub825 \ubc0f \ud0dc\uc591\uad11\uc744 \ucd94\uac00\ud558\uace0 \uc11d\ud0c4-\uac00\uc2a4 \uc804\ud658\uc744 \uac00\uc18d\ud654\ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc815\ucc45\uc801 \ucd94\uc9c4\uc740 \uc7a5\uae30\uc801\uc73c\ub85c \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5 CAGR\uc5d0\uc11c 1.1%p\ub97c \uac10\uc18c\uc2dc\ud0ac \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<br \/>\n*   IMO 2030 \ud0c4\uc18c \uc9d1\uc57d\ub3c4 \uaddc\uc81c\ub85c \uc778\ud55c \uac74\ud654\ubb3c \uc6b4\uc784 \uc0c1\uc2b9: IMO\uc758 \ud0c4\uc18c \uc9d1\uc57d\ub3c4 \uc9c0\ud45c(CII)\ub294 2030\ub144\uae4c\uc9c0 \ub9e4\ub144 \uac15\ud654\ub418\uc5b4 \uace0\ubc30\ucd9c \ucf00\uc774\ud504\uc0ac\uc774\uc988(Capesize) \uc120\ubc15\uc5d0 \ubd88\uc774\uc775\uc744 \uc90d\ub2c8\ub2e4. \uc774\ub294 \uc18d\ub3c4 \uac10\uc18c \ub610\ub294 \uac1c\uc870\ub97c \uac15\uc81c\ud558\uba70 \ud1a4\ub2f9 3~5\ub2ec\ub7ec\uc758 \uc6b4\uc784 \ube44\uc6a9 \uc0c1\uc2b9\uc73c\ub85c \uc774\uc5b4\uc9d1\ub2c8\ub2e4. \ud638\uc8fc-\uc720\ub7fd \ub178\uc120 \uc6b4\uc784\uc740 2024\ub144 22% \uc0c1\uc2b9\ud588\uc73c\uba70, \uc774\ub294 \uc6d0\uac70\ub9ac \uacf5\uae09\uc5c5\uccb4\uc758 \uc804\ud1b5\uc801\uc778 \uac00\uaca9 \uc774\uc810\uc744 \uc0c1\uc1c4\ud569\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uaddc\uc81c\ub294 \ub2e8\uae30\uc801\uc73c\ub85c \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5\uc758 \uc131\uc7a5 \uada4\ub3c4\uc5d0\uc11c 0.8%p\ub97c \uac10\uc18c\uc2dc\ud0ac \uac83\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4.<br \/>\n*   OECD \uc218\ucd9c\uc2e0\uc6a9\uae30\uad00(ECA)\uc758 \uc11d\ud0c4 \uae08\uc735 \uaddc\uc81c \uac15\ud654: OECD \uad6d\uac00\ub4e4\uc758 \uc11d\ud0c4 \ud504\ub85c\uc81d\ud2b8\uc5d0 \ub300\ud55c \uae08\uc735 \uc81c\ud55c\uc740 \ud2b9\ud788 \uc544\ud504\ub9ac\uce74 \ubc0f \ub77c\ud2f4 \uc544\uba54\ub9ac\uce74 \uc9c0\uc5ed\uc5d0\uc11c \uc11d\ud0c4 \uad00\ub828 \ud22c\uc790\ub97c \uc5b4\ub835\uac8c \ub9cc\ub4ed\ub2c8\ub2e4.<br \/>\n*   \uc778\ub3c4\ub124\uc2dc\uc544\uc758 \uc758\ubb34 \uad6d\ub0b4 \uc2dc\uc7a5 \uacf5\uae09(DMO) \uc0c1\ud55c\uc81c: \uc778\ub3c4\ub124\uc2dc\uc544\uc758 DMO \uc815\ucc45\uc740 \uad6d\ub0b4 \uc218\uc694 \ucda9\uc871\uc744 \uc704\ud574 \uc218\ucd9c \ubb3c\ub7c9\uc744 \uc81c\ud55c\ud558\uc5ec \uc778\ub3c4\ub124\uc2dc\uc544\uc0b0 \uacf5\uae09\uc5d0 \uc758\uc874\ud558\ub294 \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591 \uc218\uc785\uad6d\ub4e4\uc758 \uacf5\uae09 \ubd88\uc548\uc815\uc131\uc744 \uc57c\uae30\ud569\ub2c8\ub2e4.<\/p>\n<p>4. \ubd80\ubb38\ubcc4 \ubd84\uc11d<\/p>\n<p>4.1. \uc11d\ud0c4 \uc720\ud615\ubcc4: \uc81c\ucca0\uc6a9 \uc11d\ud0c4\uc758 \uc131\uc7a5 \ubaa8\uba58\ud140<\/p>\n<p>*   \uc81c\ucca0\uc6a9 \uc11d\ud0c4(Coking Coal): \uc778\ub3c4 \ubc0f ASEAN \uc9c0\uc5ed\uc758 \uace0\ub85c \ud655\uc7a5\uc73c\ub85c 2031\ub144\uae4c\uc9c0 2\uc5b5 2,500\ub9cc \ud1a4\uc758 \uc870\uac15 \uc0dd\uc0b0 \ub2a5\ub825\uc774 \ucd94\uac00\ub420 \uc608\uc815\uc774\ubbc0\ub85c, \uc81c\ucca0\uc6a9 \uc11d\ud0c4\uc740 5.1%\uc758 \uc608\uce21 CAGR\ub85c \ubc1c\uc804\uc6a9 \uc11d\ud0c4(4.2%)\uc744 \uc55e\uc9c0\ub97c \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4. 2024\ub144 \ud638\uc8fc \ud64d\uc218\ub85c \uc0dd\uc0b0\ub7c9\uc774 \uac10\uc18c\ud55c \ud6c4 \uc81c\ucca0\uc6a9 \uc11d\ud0c4 \ud504\ub9ac\ubbf8\uc5c4\uc740 \ubc1c\uc804\uc6a9 \uc11d\ud0c4 \ub300\ube44 \ud1a4\ub2f9 180\ub2ec\ub7ec\uae4c\uc9c0 \ud655\ub300\ub418\uc5c8\uc73c\uba70, \uc81c\uac15\uc0ac\ub4e4\uc740 \uc77c\uad00\ub41c 65% \uace0\uc815 \ud0c4\uc18c \ud568\ub7c9\uc758 \uc7ac\ub8cc\ub97c \ud655\ubcf4\ud558\uae30 \uc704\ud574 \ub2e4\ub144 \uacc4\uc57d\uc744 \uccb4\uacb0\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<br \/>\n*   \ubc1c\uc804\uc6a9 \uc11d\ud0c4(Steam Coal): 2025\ub144 \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5 \uc810\uc720\uc728\uc758 77.6%\ub97c \ucc28\uc9c0\ud588\uc9c0\ub9cc, OECD \uc9c0\uc5ed\uc5d0\uc11c \uc7ac\uc0dd\uc5d0\ub108\uc9c0\uac00 \uae30\uc800\ubd80\ud558 \uc11d\ud0c4\uc744 \ub300\uccb4\ud568\uc5d0 \ub530\ub77c \uc131\uc7a5\uc774 \ub454\ud654\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d\uacfc EU\uc758 20GW \ubc1c\uc804 \uc6a9\ub7c9\uc5d0 \ud0c4\uc18c \ud3ec\uc9d1 \uae30\uc220\uc774 \uc131\uacf5\uc801\uc73c\ub85c \uc801\uc6a9\ub418\uc9c0 \uc54a\ub294\ub2e4\uba74, 2028\ub144 \uc774\ud6c4 \ubc1c\uc804\uc6a9 \uc11d\ud0c4 \ubb3c\ub7c9\uc740 \uc810\uc9c4\uc801\uc73c\ub85c \uac10\uc18c\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<br \/>\n*   \uac08\ud0c4(Lignite): \ub192\uc740 \uc218\ubd84 \ud568\ub7c9\uc73c\ub85c \uc778\ud574 \uc9c0\uc5ed \ub0b4 \uac70\ub798\uc5d0 \uad6d\ud55c\ub418\uba70, \uac70\ub798 \uac00\uce58\uc758 3.8%\ub9cc\uc744 \ucc28\uc9c0\ud588\uc2b5\ub2c8\ub2e4.<\/p>\n<p>4.2. \uac70\ub798 \ubc29\uc2dd\ubcc4: \uacc4\uc57d \uac70\ub798\uc758 \uc911\uc694\uc131 \ud68c\ubcf5<\/p>\n<p>*   \uc7a5\uae30 \uacc4\uc57d(Long-term Agreements): 2025\ub144 \uac70\ub798\ub7c9\uc758 60.5%\ub97c \ucc28\uc9c0\ud588\uc73c\uba70, IMO \uad00\ub828 \uc6b4\uc784 \ubcc0\ub3d9\uc131\uc5d0 \ub300\ud55c \ud5e4\uc9d5 \uc218\uc694\ub85c 6.7%\uc758 CAGR\ub85c \uc131\uc7a5\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc77c\ubcf8 \uc720\ud2f8\ub9ac\ud2f0\ub294 \ub274\uce90\uc2ac \uac00\uaca9\uc5d0 \ud1a4\ub2f9 5\ub2ec\ub7ec\ub97c \ub354\ud55c 5\ub144 \uacc4\uc57d\uc744 \uccb4\uacb0\ud558\uc5ec \uc6b4\uc784 \uc704\ud5d8\uc744 \ud310\ub9e4\uc790\uc5d0\uac8c \uc804\uac00\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<br \/>\n*   \ud604\ubb3c \uac70\ub798(Spot Trading): \uc5ec\uc804\ud788 \uc720\ub3d9\uc801\uc774\uc9c0\ub9cc, \uae09\uaca9\ud55c \uc6b4\uc784 \ubcc0\ub3d9\uc774 \ub2e8\uae30 \ucc28\uc775\uc744 \uc7a0\uc2dd\ud558\uc5ec 4.1%\uc758 \ub290\ub9b0 \uc18d\ub3c4\ub85c \ud655\uc7a5\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uacc4\uc57d \ud310\ub9e4\ub294 \ud558\uc5ed \ud6c4 15\uc77c \uc774\ub0b4\uc5d0 \uacb0\uc81c\ub418\uc5b4 45\uc77c\uc774 \uc18c\uc694\ub418\ub294 \ud604\ubb3c \uac70\ub798\uc5d0 \ube44\ud574 \ud604\uae08 \ud750\ub984\uc774 \ud6a8\uc728\uc801\uc774\uba70, \uc774\ub294 \uc790\ubcf8 \uc81c\uc57d\uc774 \uc788\ub294 \uac70\ub798\uc790\ub4e4\uc5d0\uac8c \ub9e4\ub825\uc801\uc785\ub2c8\ub2e4. \uacb0\uacfc\uc801\uc73c\ub85c \uc7a5\uae30 \uacc4\uc57d\uacfc \uad00\ub828\ub41c \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5 \uaddc\ubaa8\ub294 2031\ub144\uae4c\uc9c0 3\ubd84\uc758 2\ub97c \ucd08\uacfc\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<\/p>\n<p>4.3. \ucd5c\uc885 \uc0ac\uc6a9 \ubd80\ubb38\ubcc4: \uc81c\ucca0 \ubd80\ubb38\uc774 \ubc1c\uc804 \ubd80\ubb38\uc744 \ub2a5\uac00<\/p>\n<p>*   \ubc1c\uc804(Power Generation): 2025\ub144 \uac00\uce58\uc758 50.1%\ub97c \ucc28\uc9c0\ud588\uc9c0\ub9cc, 3.9%\uc758 CAGR\uc740 \uc81c\ucca0 \ubd80\ubb38\uc758 \uc608\uc0c1 \uc131\uc7a5\ub960 5.4%\uc5d0 \ub4a4\ucc98\uc9d1\ub2c8\ub2e4. \uc778\ub3c4\uc758 NTPC\ub294 2024\ub144 \ub0ae \uc2dc\uac04 \ub3d9\uc548 \ud0dc\uc591\uad11 \ubc1c\uc804\uc744 \uac00\ub3d9\ud558\uace0 \uc800\ub141\uc5d0 \uc11d\ud0c4 \ubc1c\uc804\uc744 \uc21c\ud658\ud558\uc5ec \uc11d\ud0c4 \uc18c\ube44\ub97c 800\ub9cc \ud1a4 \uc904\uc774\ub294 \ub4f1, \ubc1c\uc804 \ubd80\ubb38\uc758 \uc11d\ud0c4 \uc218\uc694\ub294 \uac00\uaca9 \ud0c4\ub825\uc131\uc774 \uc99d\uac00\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<br \/>\n*   \uc81c\ucca0(Steel): \uc778\ub3c4\uc758 \ud1b5\ud569 \uc81c\uac15 \uacf5\uc7a5\ub9cc\uc73c\ub85c\ub3c4 2031\ub144\uae4c\uc9c0 \uc5f0\uac04 2,800\ub9cc \ud1a4\uc758 \uc81c\ucca0\uc6a9 \uc11d\ud0c4\uc744 \uc218\uc785\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70, \uc774\ub294 \uc804\uae30\ub85c(EAF) \ucc44\ud0dd\uc774 \ucd08\uae30 \ub2e8\uacc4\uc784\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0 \uc57c\uae08 \uc218\uc694\ub97c \uc720\uc9c0\ud560 \uac83\uc785\ub2c8\ub2e4. \uace0\ub85c \uc6b4\uc601\uc740 \ud488\uc9c8 \ubcc0\ub3d9\uc131\uc744 \uc6a9\ub0a9\ud560 \uc218 \uc5c6\uc73c\ubbc0\ub85c, \uc81c\ucca0 \uacf5\uae09\ub9dd\uc740 \uace0\ud488\uc9c8 \uc11d\ud0c4\uc5d0 \uace0\uc815\ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4.<br \/>\n*   \uc2dc\uba58\ud2b8 \ubc0f \ud654\ud559: \ub3d9\ub0a8\uc544\uc2dc\uc544 \uc778\ud504\ub77c \ud504\ub85c\uadf8\ub7a8\uacfc \uc911\uad6d\uc758 \uc11d\ud0c4-\ud654\ud559 \ud504\ub85c\uc81d\ud2b8\uc5d0 \ud798\uc785\uc5b4 \uc911\uac04 \uc131\uc7a5\ub960\uc744 \ubcf4\uc774\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>5. \uc9c0\uc5ed\ubcc4 \ubd84\uc11d<\/p>\n<p>*   \uc544\uc2dc\uc544 \ud0dc\ud3c9\uc591 (Asia-Pacific): 2025\ub144 66.9%\uc758 \uc810\uc720\uc728\ub85c \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5\uc744 \uc9c0\ubc30\ud588\uc73c\uba70, 2031\ub144\uae4c\uc9c0 4.9% \uc131\uc7a5\ud560 \uac83\uc785\ub2c8\ub2e4. \uc911\uad6d\uc758 \uc218\uc785\ub7c9\uc740 2028\ub144\uae4c\uc9c0 5\uc5b5 5\ucc9c\ub9cc \ud1a4 \uc218\uc900\uc5d0\uc11c \uc548\uc815\ud654\ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\uba70, \uc778\ub3c4\ub294 \uad6d\ub0b4 \uc0dd\uc0b0\ub7c9 \uc99d\uac00\ub85c 2024\ub144 2\uc5b5 4,500\ub9cc \ud1a4\uc5d0\uc11c 2031\ub144 1\uc5b5 8\ucc9c\ub9cc \ud1a4\uc73c\ub85c \uc218\uc785\ub7c9 \uac10\uc18c\ub97c \ubaa9\ud45c\ub85c \ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. ASEAN \uc9c0\uc5ed\uc758 \uc218\uc694\ub294 \ubca0\ud2b8\ub0a8\uc758 18GW \uc11d\ud0c4 \ubc1c\uc804 \ud30c\uc774\ud504\ub77c\uc778\uacfc \ud544\ub9ac\ud540 \ub8e8\uc190(Luzon) \uadf8\ub9ac\ub4dc \ubc1c\uc804\uc758 55% \uc11d\ud0c4 \ube44\uc911\uc5d0 \ud798\uc785\uc5b4 \uc5f0\uac04 6.2% \uc99d\uac00\ud560 \uac83\uc785\ub2c8\ub2e4.<br \/>\n*   \uc720\ub7fd (Europe): 2025\ub144 12.4%\ub97c \ucc28\uc9c0\ud588\uc73c\uba70, \uac00\uc2a4 \uac00\uaca9 \ubcc0\ub3d9\uc131\uc73c\ub85c \uc778\ud574 2027\ub144\uae4c\uc9c0 \uc77c\uc2dc\uc801\uc73c\ub85c \uc5f0\uac04 2.8% \uc99d\uac00\ud560 \uac83\uc73c\ub85c \ubcf4\uc785\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc774\ud6c4 REPowerEU \uc7ac\uc0dd\uc5d0\ub108\uc9c0 \ubaa9\ud45c\uac00 \ubc1c\uc804 \uacbd\uc81c\uc131\uc744 \uc5b5\uc81c\ud558\uba74\uc11c \uc11d\ud0c4 \uc218\uc694\ub294 \uc5f0\uac04 4.5% \uac10\uc18c\ud560 \uac83\uc785\ub2c8\ub2e4. \ub3c5\uc77c\uc758 \uc218\uc785\ub7c9\uc740 2024\ub144 3,200\ub9cc \ud1a4\uc5d0 \ub2ec\ud588\uc9c0\ub9cc, \ubc95\ub960\uc5d0 \ub530\ub978 \ub2e8\uacc4\uc801 \ud3d0\uc9c0 \uacc4\ud68d\uc5d0 \ub530\ub77c 2038\ub144\uae4c\uc9c0 0\uc73c\ub85c \uc218\ub834\ud560 \uac83\uc785\ub2c8\ub2e4.<br \/>\n*   \ubd81\ubbf8 (North America): 8.7%\uc758 \uc810\uc720\uc728\uc740 \uc218\ucd9c \uc9c0\ud5a5\uc801\uc785\ub2c8\ub2e4. \ubbf8\uad6d\uc740 2024\ub144 \uc8fc\ub85c \uc81c\ucca0\uc6a9 \uc11d\ud0c4 6,500\ub9cc \ud1a4\uc744 \uc218\ucd9c\ud588\uc73c\uba70, \uc560\ud314\ub798\uce58\uc544(Appalachian) \uc81c\uac15 \uacf5\uc7a5\uc744 \uc704\ud55c \ud2c8\uc0c8 \ubb3c\ub7c9\ub9cc \uc218\uc785\ud588\uc2b5\ub2c8\ub2e4.<br \/>\n*   \ub0a8\ubbf8 (South America): 6.2%\uc758 \ube44\uc911\uc740 \ucf5c\ub86c\ube44\uc544 \uc218\ucd9c\uc744 \uc911\uc2ec\uc73c\ub85c \ud558\uba70, \uc9c0\uc5ed\uc0ac\ud68c \uc8fc\ub3c4 \uc0dd\uc0b0\ub7c9 \uc81c\ud55c\uc73c\ub85c \uc5f0\uac04 2.1% \uac10\uc18c\ud560 \uac83\uc785\ub2c8\ub2e4.<br \/>\n*   \uc911\ub3d9 \ubc0f \uc544\ud504\ub9ac\uce74 (Middle East &#038; Africa): 5.8%\ub97c \ucc28\uc9c0\ud588\uc2b5\ub2c8\ub2e4. \ub9ac\ucc98\ub4dc \ubca0\uc774 \ud56d\uad6c\uc758 \uc6a9\ub7c9 \uc99d\uc124\ub85c \ub0a8\uc544\ud504\ub9ac\uce74 \uc218\ucd9c\uc740 2026\ub144\uae4c\uc9c0 6,000\ub9cc \ud1a4\uc73c\ub85c \uc99d\uac00\ud560 \uc218 \uc788\uc9c0\ub9cc, \ud2b8\ub79c\uc2a4\ub137(Transnet) \ucca0\ub3c4 \uc81c\ud55c\uc774 \ucd94\uac00 \uc131\uc7a5\uc744 \uc5b5\uc81c\ud560 \uac83\uc785\ub2c8\ub2e4.<\/p>\n<p>6. \uacbd\uc7c1 \ud658\uacbd<\/p>\n<p>\uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5\uc740 \uc911\uac04 \uc815\ub3c4\uc758 \uc9d1\uc911\ub3c4\ub97c \ubcf4\uc785\ub2c8\ub2e4. Glencore, Vitol, Trafigura, Mercuria, China Shenhua\uc640 \uac19\uc740 \uc8fc\uc694 \uae30\uc5c5\ub4e4\uc774 2025\ub144 \ud574\uc0c1 \ubb3c\ub7c9\uc758 \uc57d 40%\ub97c \ucc98\ub9ac\ud588\uc9c0\ub9cc, \ub3c5\ub9bd \ud3c9\uac00 \uae30\uad00\uc774 \uc124\uc815\ud558\ub294 \uac00\uaca9 \uc9c0\uc218\uc5d0 \ub300\ud55c \uc601\ud5a5\ub825\uc740 \uc81c\ud55c\uc801\uc785\ub2c8\ub2e4. Vitol\uc758 Noble Resources \uc778\uc218(2\uc5b5 890\ub9cc \ub2ec\ub7ec)\ub294 1,500\ub9cc \ud1a4\uc758 \uc870\ub2ec \ubc0f \uc778\ub3c4\ub124\uc2dc\uc544 \uc800\uc7a5 \ub2a5\ub825\uc744 \ucd94\uac00\ud588\uc73c\uba70, Trafigura\uc758 Puma Energy \ub370\uc2a4\ud06c \uc778\uc218\ub294 \uc544\ud504\ub9ac\uce74 \uc720\ud2f8\ub9ac\ud2f0\uc758 \uc624\ud504\ud14c\uc774\ud06c(off-take)\ub97c \ud655\ubcf4\ud558\ub294 \ub4f1 \uc911\uacac \ud50c\ub7ab\ud3fc \uac04\uc758 \ud1b5\ud569\uc774 \uc9c4\ud589\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>Glencore\ub294 Cerrej\u00f3n \uc9c0\ubd84 33.3%\ub97c 5\uc5b5 8,800\ub9cc \ub2ec\ub7ec\uc5d0 \ub9e4\uac01\ud558\uba70 \ucc44\uad74\uc5d0\uc11c \uc21c\uc218 \uac70\ub798\ub85c \uc804\ud658\ud558\uc5ec LNG \ubc0f \uc804\ud658 \uae08\uc18d\uc5d0 \uc790\ubcf8\uc744 \uc7ac\ubc30\uce58\ud558\ub294 \uc804\ub7b5\uc744 \ubcf4\uc600\uc2b5\ub2c8\ub2e4. China Shenhua \ubc0f China Coal\uacfc \uac19\uc740 \uc911\uad6d \uad6d\uc601\uae30\uc5c5(SOE)\uc740 2024\ub144 \uac01\uac01 3\uc5b5 430\ub9cc \ud1a4\uacfc 1\uc5b5 2\ucc9c\ub9cc \ud1a4\uc744 \uc0dd\uc0b0\ud588\uc73c\uba70, \uad6d\uc601 \ud56d\ub9cc \uc811\uadfc\uc131\uc744 \ud65c\uc6a9\ud558\uc5ec \uc218\ucd9c \ucc44\ub110\ub85c \ud655\uc7a5\ud558\uba70 \uae30\uc874 \uc11c\uad6c \uac70\ub798\uc790\ub4e4\uc5d0\uac8c \ub3c4\uc804\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ube14\ub85d\uccb4\uc778 \ucc44\ud0dd\uc740 \ubd88\uade0\uc77c\ud569\ub2c8\ub2e4. \uc2f1\uac00\ud3ec\ub974\uc640 \ub85c\ud14c\ub974\ub2f4\uc740 \uc11d\ud0c4 \uac70\ub798\uc758 12%\ub97c \ub514\uc9c0\ud138\ub85c \ucc98\ub9ac\ud558\uc9c0\ub9cc, \ub77c\ud2f4 \uc544\uba54\ub9ac\uce74 \ubc0f \uc544\ud504\ub9ac\uce74 \ud654\ubb3c\uc740 \uc5ec\uc804\ud788 \uc885\uc774 \ubb38\uc11c\uc5d0 \uc758\uc874\ud558\uc5ec \uacb0\uc81c\uc5d0 \uc77c\uc8fc\uc77c\uc774 \ub354 \uc18c\uc694\ub429\ub2c8\ub2e4. \uc6b4\uc784 \uc0c1\uc2b9\uacfc OECD \uae08\uc735 \uaddc\uc81c\ub294 2024\ub144 25\uac1c\uc600\ub358 \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \ub370\uc2a4\ud06c \uc218\ub97c 2031\ub144\uae4c\uc9c0 15\uac1c \ubbf8\ub9cc\uc73c\ub85c \uc904\uc5ec \uacbd\uc7c1 \uad6c\ub3c4\ub97c \ub354\uc6b1 \uc9d1\uc911\uc2dc\ud0ac \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4.<\/p>\n<p>\uc8fc\uc694 \uc11d\ud0c4 \uac70\ub798 \uc0b0\uc5c5 \uc120\ub450 \uae30\uc5c5:<br \/>\n*   Trafigura Group Pte. Ltd.<br \/>\n*   Glencore Plc.<br \/>\n*   Mercuria Energy Group<br \/>\n*   Vitol Holding B.V<br \/>\n*   China Shenhua Energy Co Ltd<\/p>\n<p>7. \ucd5c\uadfc \uc0b0\uc5c5 \ub3d9\ud5a5<\/p>\n<p>*   2025\ub144 12\uc6d4: China Shenhua Energy\ub294 China Energy Investment Group\uc73c\ub85c\ubd80\ud130 1,330\uc5b5 \uc704\uc548(\uc57d 189\uc5b5 \ub2ec\ub7ec)\uc5d0 12\uac1c \uc790\uc0b0\uc744 \uc778\uc218\ud558\uc5ec \ucd1d\uc790\uc0b0\uc744 2,000\uc5b5 \uc704\uc548 \uc774\uc0c1\uc73c\ub85c \ub298\ub838\uc2b5\ub2c8\ub2e4. \uc774 \uc778\uc218\ub294 \uc11d\ud0c4 \uc0dd\uc0b0, \ubc1c\uc804, \uc11d\ud0c4 \ud654\ud559 \ubc0f \ubb3c\ub958\ub97c \ud3ec\ud568\ud558\uba70, \uc138\uacc4 \ucd5c\ub300 \uc11d\ud0c4 \uc2dc\uc7a5\uc5d0\uc11c \uc11d\ud0c4 \ubc1c\uc804\uc774 \uc810\uc9c4\uc801\uc73c\ub85c \uac10\uc18c\ud558\ub294 \uc0c1\ud669\uc5d0\uc11c \uc2e0\uc7a5(Xinjiang) \ubc0f \ub0b4\ubabd\uace8(Inner Mongolia) \uc9c0\uc5ed\uc73c\ub85c \uc0ac\uc5c5\uc744 \ud655\uc7a5\ud588\uc2b5\ub2c8\ub2e4.<br \/>\n*   2025\ub144 2\uc6d4: Peabody Energy\ub294 \ud638\uc8fc \uc81c\ucca0\uc6a9 \uc11d\ud0c4 \ud310\ub9e4 \uc99d\uac00\uc5d0 \ud798\uc785\uc5b4 1\uc5b5 8,150\ub9cc \ub2ec\ub7ec\uc758 \uc870\uc815 EBITDA\ub97c \ubcf4\uace0\ud558\uace0 1\uc5b5 5\ucc9c\ub9cc \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc790\uc0ac\uc8fc \ub9e4\uc785 \ud504\ub85c\uadf8\ub7a8\uc744 \uc2dc\uc791\ud588\uc2b5\ub2c8\ub2e4.<br \/>\n*   2024\ub144 9\uc6d4: PT Adaro Energy\ub294 \uc778\ub3c4\uc758 NTPC\uc640 \uc778\ub3c4\ub124\uc2dc\uc544 \uc11d\ud0c4 \uc9c0\uc218(ICI)\uc5d0 \uc5f0\ub3d9\ub41c 5\ub144, \uc5f0\uac04 1,500\ub9cc \ud1a4 \uaddc\ubaa8\uc758 \uc624\ud504\ud14c\uc774\ud06c \uacc4\uc57d\uc744 \uccb4\uacb0\ud588\uc2b5\ub2c8\ub2e4.<br \/>\n*   2024\ub144 8\uc6d4: Vitol\uc740 Noble Resources \uc778\uc218\ub97c 2\uc5b5 890\ub9cc \ub2ec\ub7ec\uc5d0 \uc644\ub8cc\ud558\uc5ec \uc5f0\uac04 \uc11d\ud0c4 \uac70\ub798\ub7c9\uc744 8\ucc9c\ub9cc \ud1a4\uc73c\ub85c \ub298\ub838\uc2b5\ub2c8\ub2e4.<\/p>\n<p>&#8212;\uc774\ub7ec\ud55c \uc77c\ub828\uc758 \uc0ac\uac74\ub4e4\uc740 \uae00\ub85c\ubc8c \uc11d\ud0c4 \uc2dc\uc7a5\uc774 \uc5d0\ub108\uc9c0 \uc804\ud658\uc774\ub77c\ub294 \ud070 \ud750\ub984 \uc18d\uc5d0\uc11c\ub3c4 \uc5ec\uc804\ud788 \ud65c\ubc1c\ud55c \uc778\uc218\ud569\ubcd1\uacfc \uc804\ub7b5\uc801 \ud655\uc7a5\uc744 \ud1b5\ud574 \uc5ed\ub3d9\uc801\uc73c\ub85c \ubcc0\ud654\ud558\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc90d\ub2c8\ub2e4. \ud2b9\ud788, \uc911\uad6d \uae30\uc5c5\ub4e4\uc758 \ub0b4\ub959 \uc9c0\uc5ed \ud655\uc7a5, \ud638\uc8fc \uae30\uc5c5\uc758 \uc81c\ucca0\uc6a9 \uc11d\ud0c4 \uac15\uc138, \uc778\ub3c4\ub124\uc2dc\uc544 \uae30\uc5c5\uc758 \uc778\ub3c4 \uc2dc\uc7a5 \uacf5\ub7b5, \uadf8\ub9ac\uace0 \ud2b8\ub808\uc774\ub529 \uae30\uc5c5\uc758 \uaddc\ubaa8 \ud655\ub300\ub294 \uac01\uae30 \ub2e4\ub978 \uc2dc\uc7a5 \ud658\uacbd\uacfc \uc218\uc694\uc5d0 \ub300\uc751\ud558\ub294 \uae30\uc5c5\ub4e4\uc758 \ub2e4\uac01\uc801\uc778 \uc804\ub7b5\uc744 \ubc18\uc601\ud569\ub2c8\ub2e4.<\/p>\n<p>\ubcf8 \ubcf4\uace0\uc11c\ub294 \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5\uc5d0 \ub300\ud55c \ud3ec\uad04\uc801\uc778 \ubd84\uc11d\uc744 \uc81c\uacf5\ud569\ub2c8\ub2e4. \uc11d\ud0c4 \uac70\ub798\ub294 \uad6d\uac00, \uae30\uc5c5, \uac1c\uc778 \uac04\uc5d0 \uc804\ub825 \uc0dd\uc0b0 \ubc0f \uc0b0\uc5c5\uc6a9\uc73c\ub85c \uc0ac\uc6a9\ub418\ub294 \uc11d\ud0c4\uc744 \uc0c1\ud488\uc73c\ub85c \ub9e4\ub9e4\ud558\ub294 \ud589\uc704\ub97c \uc758\ubbf8\ud558\uba70, \ubcf4\uace0\uc11c\ub294 \uc11d\ud0c4 \uc720\ud615, \uac70\ub798 \ubc29\uc2dd, \ucd5c\uc885 \uc0ac\uc6a9 \ubd84\uc57c, \uadf8\ub9ac\uace0 \uc9c0\uc5ed\ubcc4\ub85c \uc2dc\uc7a5\uc744 \uc138\ubd84\ud654\ud558\uc5ec \ubd84\uc11d\ud569\ub2c8\ub2e4.<\/p>\n<p>\uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798 \uc2dc\uc7a5\uc740 2025\ub144 127.2\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc5d0\uc11c 2031\ub144\uae4c\uc9c0 166.4\uc5b5 \ub2ec\ub7ec\uc5d0 \uc774\ub97c \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4.<\/p>\n<p>\uc8fc\uc694 \uc2dc\uc7a5 \uc131\uc7a5 \ub3d9\ub825\uc73c\ub85c\ub294 \uc544\uc2dc\uc544 \uc9c0\uc5ed\uc758 \uc544\uc5ed\uccad\ud0c4 \uc218\uc785 \uc218\uc694 \uae09\uc99d, \ub3d9\ub0a8\uc544\uc2dc\uc544 \uc2e0\ud765\uad6d\uc758 \uc0c1\uc5c5\uc6a9 \uc11d\ud0c4 \ud654\ub825 \ubc1c\uc804\uc18c \ud655\uc7a5, Richards Bay \ubc0f Qinhuangdao \ud56d\ub9cc\uc758 \uc778\ud504\ub77c \ubcd1\ubaa9 \ud604\uc0c1 \uc644\ud654, \ubb3c\ub9ac\uc801 \uc11d\ud0c4 \uac70\ub798 \ud50c\ub7ab\ud3fc\uc758 \ub514\uc9c0\ud138\ud654 \ubc0f \ube14\ub85d\uccb4\uc778 B\/L \ub3c4\uc785, \uc778\ub3c4\uc758 \ubc8c\ud06c \ud654\ubb3c \uc5f0\uc548 \uc6b4\uc1a1 \uc778\uc13c\ud2f0\ube0c, \uadf8\ub9ac\uace0 2025-2027\ub144 \uac00\uc2a4 \uac00\uaca9 \ubcc0\ub3d9\uc131 \uc18d \uc720\ub7fd\uc758 \uc11d\ud0c4 \uc5f0\uc18c \uc7ac\ud65c\uc131\ud654 \ub4f1\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>\ubc18\uba74, \uc2dc\uc7a5 \uc81c\uc57d \uc694\uc778\uc73c\ub85c\ub294 REPowerEU \ubc0f IRA \uc815\ucc45\uc5d0 \ub530\ub978 \uc7ac\uc0dd\uc5d0\ub108\uc9c0 \ubc1c\uc804 \ud655\ub300 \uac00\uc18d\ud654, OECD \uc218\ucd9c \uc2e0\uc6a9 \uae30\uad00\uc758 \uc11d\ud0c4 \uae08\uc735 \uaddc\uc81c \uac15\ud654, IMO 2030 \ud0c4\uc18c \uc9d1\uc57d\ub3c4 \uaddc\uc81c\ub85c \uc778\ud55c \uac74\ud654\ubb3c \uc6b4\uc784 \uc0c1\uc2b9, \uc778\ub3c4\ub124\uc2dc\uc544\uc758 \uad6d\ub0b4 \uc2dc\uc7a5 \uc758\ubb34(DMO) \uc0c1\ud55c\uc120 \ub4f1\uc774 \uc9c0\ubaa9\ub429\ub2c8\ub2e4.<\/p>\n<p>\uc11d\ud0c4 \uc720\ud615\ubcc4\ub85c\ub294 \uc810\uacb0\ud0c4(Coking coal)\uc774 \uc778\ub3c4 \ubc0f \uc544\uc138\uc548 \uc9c0\uc5ed\uc758 \uc2e0\uaddc \uc6a9\uad11\ub85c \uc124\ube44 \ud655\uc7a5\uc5d0 \ud798\uc785\uc5b4 2026\ub144\ubd80\ud130 2031\ub144\uae4c\uc9c0 \uc5f0\ud3c9\uade0 5.1%\uc758 \uac00\uc7a5 \ub192\uc740 \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub429\ub2c8\ub2e4. \uac70\ub798 \ubc29\uc2dd\uc5d0\uc11c\ub294 IMO 2030 \uaddc\uc815\uacfc \uc5f0\uacc4\ub41c \uc6b4\uc784 \ubcc0\ub3d9\uc131 \uc99d\uac00\ub85c \uc778\ud574 \uace0\uc815 \uac00\uaca9 \uacf5\uae09 \uacc4\uc57d\uc774 \ub9e4\ub825\uc801\uc73c\ub85c \ubd80\uc0c1\ud558\uba74\uc11c \uc7a5\uae30 \uacc4\uc57d\uc774 2025\ub144 \uac70\ub798\ub7c9\uc758 60.5%\ub97c \ucc28\uc9c0\ud558\uba70 6.7%\uc758 \uc131\uc7a5 \uada4\ub3c4\ub97c \ubcf4\uc77c \uac83\uc73c\ub85c \uc804\ub9dd\ub429\ub2c8\ub2e4.<\/p>\n<p>\uc9c0\uc5ed\ubcc4\ub85c\ub294 \uc544\uc2dc\uc544-\ud0dc\ud3c9\uc591 \uc9c0\uc5ed\uc774 2025\ub144 \uc2dc\uc7a5 \uac00\uce58\uc758 66.9%\ub97c \ucc28\uc9c0\ud558\uba70 \uae00\ub85c\ubc8c \uc11d\ud0c4 \uac70\ub798\ub97c \uc9c0\ubc30\ud558\uace0 \uc788\uc73c\uba70, 2031\ub144\uae4c\uc9c0 \uc5f0\ud3c9\uade0 4.9%\uc758 \uc131\uc7a5\ub960\uc744 \uae30\ub85d\ud560 \uac83\uc73c\ub85c \uc608\uce21\ub429\ub2c8\ub2e4. \ubc18\uba74, \uc720\ub7fd\uc740 REPowerEU\uc758 750 GW \uc7ac\uc0dd\uc5d0\ub108\uc9c0 \ubaa9\ud45c\ub85c \uc778\ud574 2027\ub144 \uc774\ud6c4 \uc11d\ud0c4 \uc18c\ube44\uac00 \uac10\uc18c\ud558\uc5ec 2028\ub144\ubd80\ud130 \uc5f0\uac04 4.5%\uc758 \uc9c0\uc5ed \uc218\uc694 \uac10\uc18c\uac00 \uc608\uc0c1\ub429\ub2c8\ub2e4.<\/p>\n<p>\uacbd\uc7c1 \ud658\uacbd \ubd84\uc11d\uc5d0\uc11c\ub294 \uc0c1\uc704 5\uac1c \ud2b8\ub808\uc774\ub354\uac00 \ud574\uc0c1 \ubb3c\ub3d9\ub7c9\uc758 \uc57d 40%\ub97c \ucc98\ub9ac\ud558\uc5ec \uc911\uac04 \uc815\ub3c4\uc758 \uc2dc\uc7a5 \uc9d1\uc911\ub3c4\ub97c \ubcf4\uc778\ub2e4\uace0 \uc5b8\uae09\ud558\uba70, Glencore, Vitol, Trafigura \ub4f1 \uc8fc\uc694 \uae30\uc5c5\ub4e4\uc758 \ud504\ub85c\ud544\uacfc \uc804\ub7b5\uc801 \uc6c0\uc9c1\uc784\uc744 \ub2e4\ub8f9\ub2c8\ub2e4. \ubbf8\ub798 \uc804\ub9dd\uc73c\ub85c\ub294 \ubbf8\uac1c\ucc99 \uc2dc\uc7a5 \ubc0f \ubbf8\ucda9\uc871 \uc218\uc694\uc5d0 \ub300\ud55c \ud3c9\uac00\uc640 \ud568\uaed8 \uc0c8\ub85c\uc6b4 \uae30\ud68c \uc601\uc5ed\uc744 \uc81c\uc2dc\ud569\ub2c8\ub2e4.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31550","post","type-post","status-publish","format-standard","hentry","category-market-reports"],"_links":{"self":[{"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/posts\/31550"}],"collection":[{"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/comments?post=31550"}],"version-history":[{"count":0,"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/posts\/31550\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/media?parent=31550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/categories?post=31550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalresearch.co.kr\/insight\/wp-json\/wp\/v2\/tags?post=31550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}