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Thursday, 30 November 17
CONTEMPLATING COAL'S CONTROVERSY AT COP23 - BENJAMIN SPORTON
 Representing the coal industry at climate talks is never going to be an easy proposition. For many people, coal and climate action are incompatible…‘coal should be kept in the ground’. For many years we’ve been arguing that it’s the emissions that need to be kept out of the air. This is a distinction that doesn’t usually get a lot of traction at the annual climate talks…until Bonn.
The annual UN talks are incredibly important in working out how we’re going to tackle climate change, alongside equally important challenges such as economic development, social equity and energy security. However, somewhere along the way the talks became much more polarised. Around the time of the Copenhagen talks back in 2009, when the ante was upped to such a degree that it felt as if we had two weeks to save the world, other considerations started to fall by the wayside.
But not for everyone. Many countries have been trying to make it clear year-after-year that as much as they take the threat of climate change incredibly seriously; they take the economic development of their countries and the welfare of their people equally as seriously. Even after the landmark COP21 in Paris two years ago, when many people would ask me if this now meant the end for coal, 24 countries had actually outlined a role for coal and specifically low emission coal technologies, in meeting their Paris Agreement targets.
This year’s talks in Bonn have been interesting. Not necessarily for the content of the negotiations themselves, which have been very technical and detailed, as the ‘rulebook’ for the Paris Agreement is worked out, but because for the first time in many years it seems as if a little of the rhetoric has been balanced by a healthy dose of reality.
I was interested to read a story this morning with the opening line “Coal emerged as the surprise winner from two weeks of international climate talks in Germany”. While I don’t think talking about ‘winners and losers’ in this context is particularly helpful, I did leave the talks last week feeling that reality had been more evident in Bonn.
The much-reported US event on the role of fossil fuels and nuclear energy naturally became a focal point for noisy protests. However, it was also an event, as one observer commented, which broke “into the echo chamber that conferences like this often foster”. As White House adviser David Banks said during the event: "This panel is only controversial if we choose to bury our heads in the sand and ignore the realities of the global energy system”.
In fact, the way in which the announcement of the UK-Canada-led ‘Powering Past Coal Alliance’ has been reported makes me think many people are thinking more realistically about solutions for coal. On the surface, a powerful anti-coal statement. In reality, a pledge that covers only 2% of global coal use.
Understanding the reality of the huge role of coal in many parts of the world is not about turning our backs on climate change. It’s about saying if this is what countries such as Bangladesh, Pakistan, Nigeria, India, China, Japan, the Philippines…(the list goes on), are telling us about how they’re going to meet their future energy needs, then we need to make sure this use is compatible with our climate targets. This includes low emission coal technologies but ultimately has to include a massive push on carbon capture and storage.
The role of coal in our global energy system – and, just as importantly, in industries such as steel, cement, aluminium – is an inconvenient truth. In twenty years’ time, the International Energy Agency says coal will still be the largest single source of electricity. Until we face up to this reality, we’re going to find it very difficult to meet the Paris Agreement targets. In Bonn it seemed that this message is finally starting to get through.
By Benjamin Sporton
WCA Chief Executive
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Thursday, 21 December 17
FUEL SHORTAGE TRIGGERS JUMP IN COAL PRICES - CHINA DAILY
China’s thermal coal prices jumped recently as natural gas shortages across the north spurred an unexpected resurgence in demand for coal-fir ...
Thursday, 21 December 17
SUPRAMAX: IN THE MOST CHANCE, DO NOT EXPECT ANY DRAMATIC CHANGES IN THE NEAR FUTURE - FEARNLEYS
Supramax
Market reducing speed. Rates are dropping further for supras outbound USG on fronth, bkhaul is more stable i.e $25k/22k respectively say ...
Wednesday, 20 December 17
INDONESIAN HBA FELL FOR THE FIRST TIME IN SIX MONTHS, GOVERNMENT DATA SHOWS
COALspot.com: HBA fell 0.80 per cent in December, marking the first fall for the Indonesian Coal Price Reference ( HBA) since June 2017, the latest ...
Monday, 18 December 17
U.S. COAL EXPORTS FOR THE FIRST THREE QUARTERS OF 2017 WERE 69 MMST; UP 68% M/M - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million sho ...
Thursday, 14 December 17
SUPRAMAX: INDO COAL TO CHINA AROUND LOW $10K DELIVERY SINGAPORE
Supramax
Atlantic basin kept its firm pace with charters still busy with covering pre-holiday requirements. Ultras got close to $20k for ordinary ...
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Showing 1846 to 1850 news of total 6871 |
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
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