COALSPOT.COM IS A BRAND NAME, NOT A PORTAL NAME Saturday, 25 May 2013
  • SHARE YOUR COAL NEWS WITH COALspot.com - news@coalspot.com
  • Indonesian 5800 GAR coal (Physical) market direction: FLAT - COALspot.com's self assessment (updated on 15/5/13)
  • Indonesia has set the MAY 2013 Coal Price Reference at US$ 85.33 per ton
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Swap for Q4 2013 Contract - $63.70 (-0.04% dod) 23/5 8pm SG time - SGX
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Swap for Q3 2014 Contract - $63.40 (-0.08% dod) 24/5 8pm SG time - SGX

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines

Friday, 22 June 12
GLOBAL ACTION NEEDED ON ENERGY POVERTY - WORLD COAL


Eradicating energy poverty is possibly the biggest challenge facing the world today. Like climate change it can only be addressed with a concerted global effort. With the Rio+20 conference underway, WCA looks at what needs to be done to achieve energy access for all.

The statistics are well known. 1.3 billion people lack access to electricity and another billion have only intermittent access.Without concerted international action, these numbers are not expected to change significantly in the next two decades. There is a huge disparity in energy access across the globe. Most developing economies struggle with low levels of energy access, and while most developed economies have almost full energy access, the amount of electricity they produce and consume varies significantly. Improving energy access is so important because it is fundamental to modern life. Light and power for homes, schools, hospitals, business and industry are all essential to strong and resilient economies that improve livelihoods. Economic and social development cannot occur in the modern world without access to energy. It is for this reason that the United Nations has declared 2012 as the International Year of Sustainable Energy for All, and it is why energy is amongst the top issues at the Rio+20 United Nations Conference on Sustainable Development.

More ambition needed
Real ambition is needed to deliver energy access across the world. The original text of "The Future We Want" draft outcome document for Rio+20 released by the UN early in 2012 included language calling for access to a "basic minimum level" of energy. Targets that refer to the basic minimum level of access reflect the target contained in the IEA's Energy for All case outlined in its World Energy Outlook 2011. This target would provide: "use of a floor fan, a mobile phone, and two compact fluorescent light bulbs for about five hours a day. In urban areas, consumption might also include an efficient refrigerator, a second mobile phone per household and another appliance, such as a small television or a computer." What is most alarming however is what is not included in the IEA definition, where it notes that "some other categories are excluded, such as electricity access to business." Ambitious energy targets will provide the energy needs to build and operate essential social infrastructure and support economic growth by allowing reliable energy supplies for business and industry. Targets for energy access must be ambitious because the problem is so fundamental to the challenges facing the modern world.

National priorities are important
The first draft of "The Future We Want" document and the UN Secretary General's Sustainable Energy for All initiative have both also focused heavily on expanding the role to be played by renewable energy. Renewable energy does have an important role to play in improving energy access but it is not the right solution everywhere. As nations develop, they seek secure, reliable and affordable sources of energy to strengthen and build their economies - coal is a logical choice in many of these countries because it is widely available, safe, reliable and relatively low cost. Accessing reliable, on-grid, base load electricity is essential for businesses and industries that cannot have intermittent supply. Strong grid structures with base load coal fired power stations are essential to even out peaks and troughs in the generation of renewable electricity and they can very effectively distribute centralised base load electricity. Many countries have very significant coal reserves and should be able to utilise those to build reliable base load electricity systems. International support for improving energy access should recognise the economic, technical and natural resources available in economies with a shortage of electricity supply. Across the world coal will play a significant role in improving energy access. The IEA's WEO 2011 projects that coal will provide more than half of the on-grid electricity needed to meet their energy for all case. It will be particularly important in places like India, Pakistan and southern Africa and will continue to strengthen China's energy supplies.

Energy access and climate change
Despite the need for countries to be able to utilise their own resources, it seems at the international level that there is a far more significant focus on renewable energy technologies. This focus is brought about by concerns over climate change. The concern is that significantly improved energy access will lead to large increases in emissions of greenhouse gases and therefore increase the risk of catastrophic climate change. Many actors in the international community therefore believe that fossil fuels cannot play a role in improving access to energy if we also want to meet the climate challenge. It is not necessary however for action to be restricted to that paradigm.

A surprising revelation in the IEA World Energy Outlook 2011 was that achieving the IEA's (albeit minimal) energy access target would only increase global CO2 emissions by 0.7%. In part that is likely to be because of the significant role of off-grid renewables included in the scenario, but it also comes in a scenario where almost a quarter of all electricity needed is expected to be provided by coal. More ambitious energy access targets may lead to higher emissions, but this will also come in the context of significantly improved economic and social outcomes for those who get access to electricity. Even more important is that significantly increased emissions can be avoided. Deployment of advanced coal technologies will play a major role in mitigating greenhouse gas emissions. One key way of reducing the emissions from burning coal is to improve efficiency levels at power stations. Highly efficient modern supercritical and ultra supercritical coal plants emit almost 40% less CO2 than subcritical plants. Efficiency improvements in power generation are amongst the most cost-effective and shortest lead time actionsfor reducing emissions from coal-fired electricity. This is particularly the case in developing countries and economies in transition where existing plant efficiencies are generally lower and coal use in electricity generation is increasing. Beyond improvements in efficiency, carbon capture and storage technology will be a key technology to reduce CO2 emissions, not only from coal, but also natural gas and industrial sources.

Figures in the IEA's World Energy Outlook 2011 report estimate the potential for CCS to contribute 22% of global CO2 mitigation through to 2035. Over time CCS will become a key technology for improving energy access consistent with global climate objectives.

What action is needed?
Concerted international action is needed to address the global challenge of energy poverty. Without providing energy to those who currently lack it, it will be impossible to eradicate global poverty. To meet this challenge, policy frameworks must be put in place, both at national and international levels, to support effective energy institutions and business models to support the deployment of a comprehensive energy infrastructure where it is needed most. With these frameworks in place, finance from all sources, public and private, domestic and international is needed to provide the finance to build energy systems. Before this can be achieved however, it must be recognised that all sources of energyare necessary to meet the vast potential demand for electricity. It is important to understand that different sources of energy will suit different countries and different environments. To ensure that energy reaches those who need it most, there cannot be a political preference for one technology over another. The decision must be based on what is most effective in meeting the energy need.
Source: World Coal


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 22 May 13
COKAL SIGNS JV WITH MDM, FOR BARITO RIVER BARGING
COALspot.com - Cokal Limited (ASX: CKA) has announced that it has entered into a 50:50 Joint Venture (JV) with Meratus Advance Maritime (MDM) one of ...


Tuesday, 21 May 13
NEWCASTLE PORT COAL SHIPMENTS SEEN FALLING WEEK ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,205,024 tons of thermal and coking coal for week ended  0700 hours 20 May 2013, Newcast ...


Sunday, 19 May 13
COAL PRICES ARE SLUMPING DUE TO WEAK DEMAND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average July 2013 delivery have gained 0.03 percent and API 8 CFR South China Coal shipment g ...


Sunday, 19 May 13
FREIGHT RATES TO REMAIN UNSTABLE AND VOLATILE - CAPT. REDDY
COALspot.com – The freight remained weak this week with all the segments down. The BDI, the Baltic Dry Index is a number issued daily by th ...


Friday, 17 May 13
US COAL PRODUCTION CLIMBED 3.35 PER CENT WEEK ON WEEK
COALspot.com - U.S. produced totaled approximately 18.50 million short tons (mmst) in a week (For the week ended May 11, 2013), EIA said in its late ...


   1 2 3 4 5   
Showing 6 to 10 news of total 2601
News by Category
Popular News
 
Registered Members : 15,157

Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • SASOL - South Africa
  • Antam Resourcindo - Indonesia
  • Videocon Industries ltd - India
  • Sojitz Corporation - Japan
  • The State Trading Corporation of India Ltd
  • Petrochimia International Co. Ltd.- Taiwan
  • Thomson Reuters GRC
  • Holcim Trading Pte Ltd - Singapore
  • Goldman Sachs - Singapore
  • Ind-Barath Power Infra Limited - India
  • Manunggal Multi Energi - Indonesia
  • ETA - Dubai
  • KEPCO - South Korea
  • Karbindo Abesyapradhi - Indoneisa
  • Renaissance Capital - South Africa
  • ANZ Bank - Australia
  • Kartika Selabumi Mining - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Banpu Public Company Limited - Thailand
  • Ministry of Finance - Indonesia
  • Essar Steel Hazira Ltd - India
  • Global Coal Blending Company Limited - Australia
  • Bukit Baiduri Energy - Indonesia
  • Marubeni Corporation - India
  • Sree Jayajothi Cements Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • BNP Paribas - Singapore
  • Alfred C Toepfer International GmbH - Germany
  • European Bulk Services B.V. - Netherlands
  • ING Bank NV - Singapore
  • Xindia Steels Limited - India
  • Adani Power Ltd - India
  • Eastern Coal Council - USA
  • TNB Fuel Sdn Bhd - Malaysia
  • Australian Coal Association
  • Permata Bank - Indonesia
  • Indika Energy - Indonesia
  • Sucofindo - Indonesia
  • Eastern Energy - Thailand
  • MS Steel International - UAE
  • Inspectorate - India
  • Indogreen Group - Indonesia
  • GHCL Limited - India
  • Sakthi Sugars Limited - India
  • Kobexindo Tractors - Indoneisa
  • Formosa Plastics Group - Taiwan
  • SUEK AG - Indonesia
  • Chamber of Mines of South Africa
  • Kideco Jaya Agung - Indonesia
  • Samsung - South Korea
  • globalCOAL - UK
  • Indonesia Power. PT
  • PNOC Exploration Corporation - Philippines
  • TANGEDCO India
  • IOL Indonesia
  • J M Baxi & Co - India
  • Commonwealth Bank - Australia
  • TNPL - India
  • Wood Mackenzie - Singapore
  • Central Java Power - Indonesia
  • Noble Europe Ltd - UK
  • Altura Mining Limited, Indonesia
  • Surastha Cement
  • Mercuria Energy - Indonesia
  • The Treasury - Australian Government
  • CoalTek, United States
  • Platou - Singapore
  • Coal Orbis AG
  • World Coal - UK
  • White Energy Company Limited
  • Sical Logistics Limited - India
  • CEB - Sri Lanka
  • Pinang Coal Indonesia
  • IBC Asia (S) Pte Ltd
  • SGS (Thailand) Limited
  • Metalloyd Limited - United Kingdom
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Coal and Oil Company - UAE
  • Xstrata Coal
  • Barclays Capital - USA
  • Merrill Lynch Commodities Europe
  • Mercator Lines Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kon
  • Bhoruka Overseas - Indonesia
  • Planning Commission, India
  • Posco Energy - South Korea
  • Arch Coal - USA
  • London Commodity Brokers - England
  • GAC Shipping (India) Pvt Ltd
  • Billiton Holdings Pty Ltd - Australia
  • NTPC Limited - India
  • Platts
  • Larsen & Toubro Limited - India
  • Shree Cement - India
  • APGENCO India
  • bp singapore
  • Salva Resources Pvt Ltd - India
  • SRK Consulting
  • Thriveni
  • Arutmin Indonesia
  • Credit Suisse - India
  • Mitsubishi Corporation
  • Adaro Indonesia
  • BRS Brokers - Singapore
  • Edison Trading Spa - Italy
  • PetroVietnam
  • Mitra SK Pvt Ltd - India
  • Trasteel International SA, Italy
  • RBS Sempra - UK
  • Bangladesh Power Developement Board
  • McConnell Dowell - Australia
  • Karaikal Port Pvt Ltd - India
  • Africa Commodities Group - South Africa
  • Japan Coal Energy Center
  • Medco Energi Mining Internasional
  • Independent Power Producers Association of India
  • Toyota Tsusho Corporation, Japan
  • Glencore India Pvt. Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • Berau Coal - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Ernst & Young Pvt. Ltd.
  • Geoservices-GeoAssay Lab
  • Inco-Indonesia
  • Qatrana Cement - Jordan
  • Jindal Steel & Power Ltd - India
  • Tanito Harum - Indonesia
  • EIA - United States
  • Port Waratah Coal Services - Australia
  • POSCO Terminal, South Korea
  • DBS Bank - Singapor
  • Clarksons - UK
  • ACC Limited - India
  • Grasim Industreis Ltd - India
  • Mintek Dendrill Indonesia
  • Aditya Birla Group - India
  • Lafarge - France
  • Carbofer General Trading SA - India
  • Neyveli Lignite Corporation Ltd, - India
  • Rashtriya Ispat Nigam Limited - India
  • Savvy Resources Ltd - HongKong
  • Sindya Power Generating Company Private Ltd
  • Chettinad Cement Corporation Ltd - India
  • ICICI Bank Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Fearnleys - India
  • Standard Chartered Bank - UAE
  • CNBM International Corporation - China
  • Panama Canal Authority
  • Ambuja Cements Ltd - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Orica Australia Pty. Ltd.
  • McKinsey & Co - India
  • Orica Mining Services - Indonesia
  • Agrawal Coal Company - India
  • Peabody Energy - USA
  • Anglo American - United Kingdom
  • Bulk Trading Sa - Switzerland
  • Shenhua Group - China
  • Lanco Infratech Ltd - India
  • Sinarmas Energy and Mining - Indonesia
  • Reliance Power - India
  • Uttam Galva Steels Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Siam city cement PLC, Thailand
  • KPMG - USA
  • UOB Asia (HK) Ltd
  • Asmin Koalindo Tuhup - Indonesia
  • PTC India Limited - India
  • Intertek Mineral Services - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Mjunction Services Limited - India
  • Maheswari Brothers Coal Limited - India
  • Bhushan Steel Limited - India
  • JPMorgan - India
  • Bukit Makmur.PT - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • Mitsui - Indonesia
  • Vitol - Bahrain
  • Latin American Coal - Colombia
  • Riau Bara Harum - Indonesia
  • PLN Batubara - Indonesia
  • Britmindo - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Gujarat Sidhee Cement - India
  • Bank of America
  • Vijayanagar Sugar Pvt Ltd - India
  • Deloitte Consulting - India
  • Kohat Cement Company Ltd. - Pakistan
  • Krishnapatnam Port Company Ltd. - India
  • Indonesian coal mining Association
  • IEA Clean Coal Centre - UK
  • Moodys - Singapore
  • Petrosea - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Total Coal South Africa
  • Kapuas Tunggal Persada - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • GB Group - China
  • Gresik Semen - Indonesia
  • Parliament of New Zealand
  • U S Energy Resources
  • Madhucon Powers Ltd - India
  • UBS Singapore
  • Kobe Steel Ltd - Japan
  • Aboitiz Power Corporation - Philippines
  • Star Paper Mills Limited - India
  • TeaM Sual Corporation - Philippines
  • Maersk Broker
  • Jaiprakash power ventures ltd
  • Maruti Cements - India
  • Oldendorff Carriers - Singapore
  • Core Mineral Indonesia
  • Malabar Cements Ltd - India
  • ASAPP Information Group - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Simpson Spence & Young - Indonesia
  • IHS Mccloskey Coal Group - USA
  • OPG Power Generation Pvt Ltd - India
  • Indian School of Mines
  • Borneo Indobara - Indonesia
  • CCIC - Indonesia
  • KOWEPO - South Korea
  • Vedanta Resources Plc - India
  • Infraline Energy - India
  • Cemex - Philippines
  • Singapore Mercantile Exchange
  • Coal India Limited
  • KPCL - India
  • Bayan Resources Tbk. - Indonesia
  • GVK Power & Infra Limited - India
  • Miang Besar Coal Terminal - Indonesia
  • GMR Energy Limited - India
  • Coeclerici Indonesia
  • VISA Power Limited - India
  • HSBC - Hong Kong
  • Barasentosa Lestari - Indonesia
  • Indorama - Singapore
  • Indo Tambangraya Megah - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Price Waterhouse Coopers - Russia
  • Jatenergy - Australia
  • Deutsche Bank - India
  • Argus Media - Singapore
  • Tata Power - India
  • Thermax Limited - India
  • Interocean Group of Companies - India
  • SMG Consultants - Indonesia
  • PLN - Indonesia
  • Malco - India
  • CESC Limited - India
  • Runge Indonesia
  • Straits Asia Resources Limited - Singapore
  • Enel Italy
  • Siam City Cement - Thailand
  • Bharathi Cement Corporation - India
  • World Bank
  • Cargill India Pvt Ltd
  • Idemitsu - Japan
  • Australian Commodity Traders Exchange
  • GNFC Limited - India
  • Cardiff University - UK
  • The India Cements Ltd
  • IMC Shipping - Singapore
  • Vale Mozambique
  • Coastal Gujarat Power Limited - India
  • Makarim & Taira - Indonesia
  • Samtan Co., Ltd - South Korea
  • Merrill Lynch Bank
  • LBH Netherlands Bv - Netherlands
  • Dalmia Cement Bharat India
  • Vizag Seaport Private Limited - India
  • Attock Cement Pakistan Limited
  • MEC Coal - Indonesia
  • Humpuss - Indonesia
  • Russian Coal LLC
  • New Zealand Coal & Carbon
  • OCBC - Singapore
  • Tata Chemicals Ltd - India
  • Gupta Coal India Ltd
  • Electricity Generating Authority of Thailand
  • Rudhra Energy - India
  • CIMB Investment Bank - Malaysia
  • Romanian Commodities Exchange
  • India Bulls Power Limited - India
  • Thiess Contractors Indonesia
  • Freeport Indonesia
  • Coalindo Energy - Indonesia
  • Rio Tinto Coal - Australia
  • Bhatia International Limited - India
  • Kaltim Prima Coal - Indonesia
  • Georgia Ports Authority, United States
  • Meenaskhi Energy Private Limited - India