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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

Thursday, 24 May 18
SUPRAS FIXING AROUND USD 15000 FOR INDO TO CHINA COAL TRIPS - FEARNLEYS
Capesize Both the physical and the paper market have dropped sharply the last couple of days on the back of a lack of fresh cargoes and a growing ...


Thursday, 24 May 18
FITCH: FALLING COAL INVESTMENT TO SUPPORT ASIAN PRICES
Press Release: The long-term outlook for the Asian thermal coal prices is improving, amid rising regional demand and falling mining investment, whi ...


Thursday, 24 May 18
BEIJING ORDERS UTILITIES, MINERS TO HELP COOL RED-HOT COAL MARKET: SOURCES - REUTERS
China’s state planner ordered utilities this week to stop stockpiling thermal coal and told miners to slash prices, two sources familiar with ...


Wednesday, 23 May 18
TANKER MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last six months we have seen more than 110 reported tanker transactions involving tonnage larger than 32k dwt and younger than 18 years old. ...


Friday, 18 May 18
AFTER COAL, INDONESIAN GOVERNMENT PUSHES DMO ON GAS FOR ELECTRICITY
After introducing its domestic market obligation (DMO) policy for coal on March 12, the government is going forward with its plan to introduce a DM ...


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