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Tuesday, 19 June 18
WCA RESPONDS TO BP STATISTICAL REVIEW OF WORLD ENERGY 2018
World Coal AssociationResponding to BP’s Statistical Review of World Energy 2018, Benjamin Sporton, Chief Executive of the World Coal Association (WCA) said, “BP’s Energy Outlook continues to support a number of other independent forecasts that suggest that despite the well-documented growth of renewables, fossil fuels, including coal, will remain dominant sources of energy in the global energy mix. Coal still accounts for a significant share of the global energy mix at 27%.
 
According to Benjamin Sporton, Chief Executive of the World Coal Association, the latest figures prove how important coal continues to be in powering growth in developing and emerging economies. It’s therefore essential that we recognize this and support countries to use emission reduction technologies like carbon capture use and storage, which allow them to meet climate obligations while at the same time meeting economic imperatives.
 
He further noted that, we'll be more successful in meeting climate targets if we focus on addressing emissions instead of trying to get rid of a fuel that many depend on for economic development.”


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Recent News

Monday, 11 June 18
AUSTRALIAN COAL PRICES HIT 6-YEAR HIGH AS ASIA DEMAND SPIKES - REUTERS
Australian thermal coal prices have risen to their highest level since 2012 as hot weather across North Asia spurs buying ahead of the peak summer ...


Monday, 11 June 18
ANALYSING A NEW AGE OF AUTONOMOUS VESSELS - IMO
The International Maritime Organization answers the questions of Government Europa on how the next generation of autonomous vessels can be regulate ...


Friday, 08 June 18
AUSTRALIAN THERMAL COAL PRICES SURGE AS ASIA DEMAND HEATS UP - REUTERS
Australian thermal coal prices have hit their highest level since late 2016 as the market heats up on strong demand across North Asia and China in ...


Wednesday, 06 June 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
As observed last month the price of oil hit its highest level since November 2014 reaching $80 per barrel. Global oil demand growth for 2018 was sl ...


Tuesday, 05 June 18
SOUTH KOREA'S SULPHUR CAP ALTERS ASIAN COAL MARKET DYNAMICS: RUSSELL
South Korea’s imposition of a strict sulphur cap on its imported coal is likely to cause ripples across Asia’s markets for the pollutin ...


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