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Monday, 14 August 17
IN A PARIS AGREEMENT WORLD, COAL WILL MEET GROWING ASIAN ENERGY NEEDS - BENJAMIN SPORTON
World CoalWhen providing 41% of the world’s electricity, 85% of global cement, 74% of the world’s steel and 60% of the world’s aluminum, coal is justly considered an enabler of modern societies and economic development. Coal helps build infrastructure and power up businesses and homes.

If we look at Asia, in particular, we’ll see that according to the United Nations, by 2050 64% of Asia’s population is expected to be urban. As Asia rapidly urbanizes and industrializes, coal becomes the fuel of choice, due to its abundance, affordability, and reliability. 50% of electricity generation growth in Southeast Asia by 2040 will come from coal, overtaking gas as the primary fuel.

Business and industry need reliable electricity. Research by the Asian Development Bank, for instance, has found that businesses reported the single largest obstacle to growth in developing Asia is poor electricity supply. Without access to affordable, reliable, grid-based electricity, which coal provides, it is impossible for economies to grow and develop.

The fact that coal will continue as a critical enabler of development is evident in the national pledges that countries have submitted to show how they will meet the Paris Agreement targets. 24 countries explicitly recognize cleaner coal technology as part of their efforts to reduce their emissions. 11 out of these 24 countries are located in Asia.

Improved access to energy will propel economic growth, something that China demonstrated by achieving almost universal access to electricity. In the past 30 years, China has lifted 680 million people out of poverty by connecting them to the grid that is powered by 73% coal.

With the use of coal projected to continue to grow across Asia over coming decades, a low emission technology pathway for coal is essential.

Cleaner coal technologies, such as high-efficiency low emission (HELE) coal technologies, are technologically proven and commercially available today and reduce CO2 emissions from coal by up to 35%.

By supporting HELE coal technologies, we’ll be making energy affordable and accessible to all and helping to meet climate objectives at the same time.  HELE coal technologies are being built all around the world and represent significant progress on the pathway towards carbon capture, use, and storage, which is instrumental to global climate objectives.

As we move toward implementing the Paris Agreement, it is crucial that we understand that climate change and energy are not competing for priorities. The key approach for the world to transition to a low carbon future is to address the CO2 emissions. Coal is not the problem, emissions are.
Benjamin Sporton
WCA Chief Executive


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Wednesday, 09 August 17
THE KEY IMPORTERS OF U.S. COAL FOR THE FIRST FIVE MONTHS OF 2017 ARE THE NETHERLANDS, INDIA AND JAPAN - PETER SAND, BIMCO
US seaborne coal exports have turned years of negative growth around and seem to be climbing for a third quarter in a row. The increase in total vo ...


Wednesday, 09 August 17
INDONESIAN COAL PRICE REFERENCE INCREASE COULD CONTINUE IN THE COMING MONTHS
COALspot.com: Indonesian coal benchmark price rose 6.36% in August, government data showed. The benchmark price of Indonesian thermal ...


Wednesday, 09 August 17
COAL HAS GAINED AROUND 40% OVER THE PAST TWELVE MONTHS; IRON ORE HAS MOVED FROM AROUND $50/T IN AUGUST 2016 TO OVER $70/T TODAY - INTERMODAL
During the summer’s peak, and with the markets remaining relatively quiet, we can argue that most markets have built solid foundations to enj ...


Tuesday, 08 August 17
THE BULLISH RIDE CONTINUES ON FOR THE IRON ORE MARKET - GEORGE LAZARIDIS
The bullish ride continues on for the iron ore market, with most in the market now eyeing the possibility for further gains to be had as Chine ...


Tuesday, 08 August 17
COAL SALES DESTINATION IS DOMINATED BY DEVELOPING COUNTRIES IN ASIA - ADARO
COALspot.com: Adaro Energy has produced 13.27 million tonnes of coal during the second quarter of 2017, from the mines PT Adaro Indonesia, PT Semes ...


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