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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, 07 May 18
SOUTH KOREA STATE-OWNED UTILITY KOREA MIDLAND POWER ISSUED A TENDER FOR 1 MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 mt of min. 5700 NAR coal of Australian origi ...


Monday, 07 May 18
GLOBAL COAL DEMAND ROSE ABOUT 1% IN 2017; ASIA ACCOUNTED FOR THE LARGEST INCREASE IN COAL DEMAND, UP 35 MTOE RELATIVE TO 2016 - IEA
Global coal demand rose about 1% in 2017, reversing the declining trend seen over the last two years. This growth was mainly due to demand in Asia, ...


Friday, 04 May 18
ELECTRICITY GENERATION FROM RENEWABLES WAS SECOND ONLY TO COAL IN 2017 - IEA
World electricity demand increased by 3.1 %, significantly higher than the overall increase in energy demand. Together, China and India accounted f ...


Thursday, 03 May 18
SUPRAMAX: INDO - CHINA COAL ROUNDS ARE PAYING IN THE LOW-MID $12000 BSS SINGAPORE DELIVERY - FEARNLEYS
Supramax As expected a slow and uneventful start to the week with holidays in many countries, however by mid-week some fresh requirements and pos ...


Tuesday, 01 May 18
SUPRAMAX: COAL RUNS, A 61,000-DWT WAS FIXED BASIS DELIVERY SURABAYA, FOR A TRIP VIA INDONESIA, RE-DELIVERY INDIA AT $15,000 - BALTIC BRIEFING
Capesize Rates eased in the East, as the week closed out with the momentum slowing. Levels on the key West Australia/China run dropped to $7.25 ...


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