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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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Monday, 06 November 17
THE THERMAL COAL MARKET CAME UNDER SOME PRESSURE AS THE OUTLOOK FOR DEMAND WEAKENED - DANIEL HYNES
Commodities were mixed as investors grappled with a revised tax plan in the US amid a rising USD said Daniel Hynes in his linked in post.
Acco ...
Monday, 06 November 17
THE FREIGHT MARKET WAS CONTINUED TO SOFTEN THIS PAST WEEK; BCI DOWN 184 POINT WEEK OVER WEEK
COALspot.com: The freight market was continued to soften this past week compared to the previous week, as BDI and all segments except Panamax index ...
Friday, 03 November 17
U.S. COAL PRODUCTION FELL WEEK-OVER-WEEK, EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.5 million short ton ...
Wednesday, 01 November 17
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
As it was expected, the strong dry bulk freight market of the past couple of months has inspired similar activity in the second-hand market. Noneth ...
Tuesday, 31 October 17
BALTIC DRY INDEX TAKES A BREAK FROM ITS UPWARD RALLY COURSE - GEORGE LAZARIDIS
It has been a week of corrections for the dry bulk freight market as it seems as the general Baltic Dry Index takes a break from its upward rally c ...
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Showing 1896 to 1900 news of total 6871 |
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- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Mercator Lines Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- White Energy Company Limited
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Mining Services - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
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