COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Friday, 18 December 20
BIG OIL AND COAL EXPORTERS FACE RECKONING AS PARIS AGREEMENT TURNS FIVE - CNA
On Dec 12, more than 70 global leaders came together at the UN’s Climate Ambition Summit, marking the fifth anniversary of the Paris Agreement.
 
Prime Minister Scott Morrison was denied a speaking slot, in recognition of Australia’s failure to set meaningful climate commitments.
 
Meanwhile, the European Union and the UK committed to reduce domestic emissions by 55 per cent and 68 per cent respectively by 2030.
 
As welcome as these new commitments are, the Paris Agreement desperately needs to be updated. Since it was passed, the production and supply of fossil fuels for export has continued unabated.
 
And the big exporters – such as Norway, Canada, the US, Russia, Saudi Arabia and of course Australia – take no responsibility for the emissions created when those fossil fuels are burned overseas.
 
It’s time this changed. Australia is the world’s biggest coal exporter.
 
In 2019, emissions from fossil fuels exported by this nation, as well as the US, Norway and Canada, accounted for more than 10 per cent of total world emissions, according to calculations from a research project on Australia’s carbon budget at the University of NSW, which I run.
 
Exporting nations are not legally responsible for these offshore emissions, but their actions are clearly at odds with the climate emergency.
 
BUSINESS AS USUAL
 
A 2019 UN report notes governments are planning to extract 50 per cent more fossil fuels than is consistent with meeting a 2 degrees Celsius target and an alarming 120 per cent more than a 1.5 degrees Celsius target, by 2030.
 
Coal is the main contributor to this supply overshoot.
 
But rather than reducing their production of fossil fuels, many countries are doubling down and actually increasing supply. For example, in Australia, government figures show the greenhouse gas emissions from Australia’s exported fossil fuels increased by 4.4 per cent between 2018 and 2019.
 
Australia is the world’s largest coal exporter and approved three new fossil fuel projects in recent months: The Vickery coal mine extension, Olive Downs and the Narrabri Gas Project.
 
This is a worldwide trend. Let’s take Norway as another example. Norway gets the bulk of its electricity from hydropower and has partially divested its Government Pension Fund from some fossil fuels.
 
Yet it’s also one of the largest exporters of greenhouse gases through its gas exports, behind Qatar and Russia.
 
The situation is mirrored in the corporate world. Many large fossil fuel companies are trumpeting their emissions reductions targets while continuing to push for new fossil fuel mining projects.
 
BHP, one of the world’s biggest miners, stated it is reducing its emissions, yet in October the company increased its stake in an oil field in the Gulf of Mexico.
 
RESPONSIBILITY DOESN’T STOP AT THE BORDER
 
What underpins this situation is an outdated “territorial” model of responsibility for climate harms. Governments and companies seem to think responsibility stops at the border, not with the overall livability of the global climate.
 
Once the coal, oil and gas products are loaded onto ships, they are no longer our problem.
 
Unfortunately, the accounting rules of the United Nations, under the Paris Agreement, currently allow exporters to pass on responsibility for fossil fuel emissions.
 
We must move from this territorial model of responsibility to one that considers the whole chain of responsibility for climate harms.
 
So what should Australia, Canada, the US, Norway and other exporting countries do to address the over-supply of fossil fuels?
 
First, they need to acknowledge their responsibility, at least in part, for the emissions and associated harms caused by their exports.
 
Allowing compensation and funding for mitigation to track the role played in the causal chain better attributes responsibility and places mitigation burdens back on the exporting countries.
 
Future climate negotiations, such as in Glasgow in 2021 (COP26), need to adjust the scope of their targets to include robust reductions in the supply of fossil fuels in the next round of agreements.
 
Instead of just focusing on reducing demand, the process needs to function as a kind of “reverse OPEC” (the Organisation of the Petroleum Exporting Countries), where exporting countries are given ambitious phase-out targets for their fossil fuel exports.
 
DRASTIC EMISSION CUTS NEEDED
 
The 2020 Production Gap report notes global fossil fuel production will have to decrease by 6 per cent a year between 2020 and 2030 to meet a 1.5 degrees Celsius target.
 
For Australia, this must mean it includes the reduction in “exported emissions” as part of any net-zero target. Australia’s exported emissions are double its domestic emissions – a situation that cannot continue.
 
Top of the list of what’s needed, is the phasing out of generous subsidies for fossil fuel producers. The billions of dollars currently spent annually in Australia on subsidising and encouraging fossil fuel exports are simply not compatible with the aims and spirit of the Paris Agreement.
 
Phasing out the supply of fossil fuels also needs to occur in a way that doesn’t just pay the current big suppliers to stop. Governments implementing a transition ought to think very carefully about how to fairly deploy scarce resources to ensure a just transition.
 
Last but not least, governments need to accept that the strong influence fossil fuel corporations wield over the political process is hindering global efforts to address climate change.
 
The donations, rotation of industry staff to government positions and influence of fossil fuel lobby groups cannot lead to good decisions for the climate.
 
Placing a ban on such influence, particularly at future climate negotiations, would go a long way towards addressing the undue influence of the fossil fuel industry.
 
Until the fossil fuel export industry is subject to demanding targets, and made to accept responsibility for the emissions associated with their products, Earth will continue on its highly dangerous global warming trajectory.
Source: CNA


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 08 December 20
PANAMAX: THE OVERALL MARKET SEEMS TO BE UNDER NEGATIVE PRESSURE - ALLIED
Capesize A rather indifferent week for the Capesize market, with BCI 5TC figure finishing the week with slight losses of 0.8%. The Atlantic enj ...


Friday, 04 December 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


Friday, 04 December 20
THE INDONESIA COAL PRICE REFERENCE REACHES THREE MONTH HIGH ON IMPROVING DEMAND OUTLOOK
COALspot.com: The Indonesia Coal Price Reference reaches three month high on improving demand outlook . The Indonesia Coal Price Reference rose by& ...


Wednesday, 02 December 20
GLOBAL MINING SECTOR OUTLOOK STABLE DUE TO CHINA'S RECOVERY - FITCH RATINGS
China’s post-pandemic economic recovery and sizeable infrastructure-focused government stimulus boosted global metals and mining prices, help ...


Wednesday, 02 December 20
INDONESIA CONSIDERING CLOSING 3,400MW SURALAYA COAL PLANT - THE JAKARTA POST
The government is considering to shut down the aging Suralaya coal-fired power plant (PLTU) in Cilegon, Banten, and replace it with green energy, a ...


   142 143 144 145 146   
Showing 716 to 720 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • ETA - Dubai
  • Kobe Steel Ltd - Japan
  • San Jose City I Power Corp, Philippines
  • Ministry of Finance - Indonesia
  • LBH Netherlands Bv - Netherlands
  • bp singapore
  • Britmindo - Indonesia
  • Coeclerici Indonesia
  • India Bulls Power Limited - India
  • Jaiprakash Power Ventures ltd
  • Cigading International Bulk Terminal - Indonesia
  • GB Group - China
  • CESC Limited - India
  • Aditya Birla Group - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • HSBC - Hong Kong
  • Bukit Baiduri Energy - Indonesia
  • TGV SRAAC LIMITED, India
  • Enel Italy
  • Meralco Power Generation, Philippines
  • McKinsey & Co - India
  • Star Paper Mills Limited - India
  • VISA Power Limited - India
  • Banpu Public Company Limited - Thailand
  • Straits Asia Resources Limited - Singapore
  • Mjunction Services Limited - India
  • South Luzon Thermal Energy Corporation
  • BRS Brokers - Singapore
  • White Energy Company Limited
  • Peabody Energy - USA
  • London Commodity Brokers - England
  • Standard Chartered Bank - UAE
  • Miang Besar Coal Terminal - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Cemex - Philippines
  • Borneo Indobara - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • UBS Singapore
  • Arch Coal - USA
  • Savvy Resources Ltd - HongKong
  • GHCL Limited - India
  • Sojitz Corporation - Japan
  • Bulk Trading Sa - Switzerland
  • Medco Energi Mining Internasional
  • Semirara Mining Corp, Philippines
  • Maersk Broker
  • ACC Limited - India
  • World Bank
  • Kalimantan Lumbung Energi - Indonesia
  • Sical Logistics Limited - India
  • Gujarat Sidhee Cement - India
  • Tamil Nadu electricity Board
  • GAC Shipping (India) Pvt Ltd
  • Sucofindo - Indonesia
  • Trasteel International SA, Italy
  • BNP Paribas - Singapore
  • Vale Mozambique
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Metalloyd Limited - United Kingdom
  • SMG Consultants - Indonesia
  • Energy Link Ltd, New Zealand
  • GMR Energy Limited - India
  • Platou - Singapore
  • OPG Power Generation Pvt Ltd - India
  • Cement Manufacturers Association - India
  • Shree Cement - India
  • Economic Council, Georgia
  • Essar Steel Hazira Ltd - India
  • Adani Power Ltd - India
  • Semirara Mining and Power Corporation, Philippines
  • Asia Cement - Taiwan
  • Binh Thuan Hamico - Vietnam
  • Parliament of New Zealand
  • Bank of China, Malaysia
  • Idemitsu - Japan
  • Permata Bank - Indonesia
  • Indian Oil Corporation Limited
  • Sindya Power Generating Company Private Ltd
  • Pinang Coal Indonesia
  • Bhushan Steel Limited - India
  • Attock Cement Pakistan Limited
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Lafarge - France
  • Maybank - Singapore
  • Cardiff University - UK
  • PowerSource Philippines DevCo
  • Romanian Commodities Exchange
  • CCIC - Indonesia
  • SMC Global Power, Philippines
  • Lanco Infratech Ltd - India
  • Intertek Mineral Services - Indonesia
  • Pendopo Energi Batubara - Indonesia
  • Georgia Ports Authority, United States
  • Jorong Barutama Greston.PT - Indonesia
  • Rudhra Energy - India
  • Asian Development Bank
  • Marubeni Corporation - India
  • Videocon Industries ltd - India
  • Aboitiz Power Corporation - Philippines
  • Anglo American - United Kingdom
  • Reliance Power - India
  • Ind-Barath Power Infra Limited - India
  • Commonwealth Bank - Australia
  • EIA - United States
  • Australian Commodity Traders Exchange
  • Core Mineral Indonesia
  • Kobexindo Tractors - Indoneisa
  • Moodys - Singapore
  • Noble Europe Ltd - UK
  • Agrawal Coal Company - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Infraline Energy - India
  • Samtan Co., Ltd - South Korea
  • JPower - Japan
  • Berau Coal - Indonesia
  • Mercuria Energy - Indonesia
  • Total Coal South Africa
  • KPMG - USA
  • Bhoruka Overseas - Indonesia
  • CIMB Investment Bank - Malaysia
  • KPCL - India
  • Thermax Limited - India
  • Runge Indonesia
  • DBS Bank - Singapore
  • PetroVietnam
  • Surastha Cement
  • Malabar Cements Ltd - India
  • ANZ Bank - Australia
  • Xstrata Coal
  • Gresik Semen - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Coaltrans Conferences
  • Ernst & Young Pvt. Ltd.
  • Kapuas Tunggal Persada - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Indian School of Mines
  • Thriveni
  • WorleyParsons
  • Pipit Mutiara Jaya. PT, Indonesia
  • SRK Consulting
  • Oldendorff Carriers - Singapore
  • Power Finance Corporation Ltd., India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • ASAPP Information Group - India
  • Jatenergy - Australia
  • Energy Development Corp, Philippines
  • World Coal - UK
  • Price Waterhouse Coopers - Russia
  • Iligan Light & Power Inc, Philippines
  • PLN - Indonesia
  • Merrill Lynch Commodities Europe
  • CoalTek, United States
  • Wilmar Investment Holdings
  • Maheswari Brothers Coal Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • MS Steel International - UAE
  • ING Bank NV - Singapore
  • Bukit Makmur.PT - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Kideco Jaya Agung - Indonesia
  • ICICI Bank Limited - India
  • Ambuja Cements Ltd - India
  • Carbofer General Trading SA - India
  • Vitol - Bahrain
  • Bangladesh Power Developement Board
  • Geoservices-GeoAssay Lab
  • Fearnleys - India
  • The Treasury - Australian Government
  • Meenaskhi Energy Private Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • Formosa Plastics Group - Taiwan
  • Bhatia International Limited - India
  • Tanito Harum - Indonesia
  • Chamber of Mines of South Africa
  • Qatrana Cement - Jordan
  • Bank of America
  • GVK Power & Infra Limited - India
  • TNPL - India
  • Toyota Tsusho Corporation, Japan
  • Billiton Holdings Pty Ltd - Australia
  • PTC India Limited - India
  • SN Aboitiz Power Inc, Philippines
  • PLN Batubara - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Vizag Seaport Private Limited - India
  • IEA Clean Coal Centre - UK
  • Adaro Indonesia
  • Cebu Energy, Philippines
  • Interocean Group of Companies - India
  • Thailand Anthracite
  • Clarksons - UK
  • IOL Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • globalCOAL - UK
  • Indika Energy - Indonesia
  • Altura Mining Limited, Indonesia
  • JPMorgan - India
  • Karaikal Port Pvt Ltd - India
  • Coal Orbis AG
  • Larsen & Toubro Limited - India
  • Indorama - Singapore
  • KEPCO - South Korea
  • Siam City Cement PLC, Thailand
  • Indian Energy Exchange, India
  • U S Energy Resources
  • McConnell Dowell - Australia
  • International Coal Ventures Pvt Ltd - India
  • Malco - India
  • APGENCO India
  • Coal India Limited
  • SUEK AG - Indonesia
  • Independent Power Producers Association of India
  • Thiess Contractors Indonesia
  • NALCO India
  • Ceylon Electricity Board - Sri Lanka
  • TANGEDCO India
  • Central Electricity Authority - India
  • Madhucon Powers Ltd - India
  • Argus Media - Singapore
  • Samsung - South Korea
  • PNOC Exploration Corporation - Philippines
  • Asmin Koalindo Tuhup - Indonesia
  • Russian Coal LLC
  • Latin American Coal - Colombia
  • Xindia Steels Limited - India
  • UOB Asia (HK) Ltd
  • Vijayanagar Sugar Pvt Ltd - India
  • Tata Power - India
  • Chettinad Cement Corporation Ltd - India
  • Maruti Cements - India
  • Goldman Sachs - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Dalmia Cement Bharat India
  • Ince & co LLP
  • Rio Tinto Coal - Australia
  • Kartika Selabumi Mining - Indonesia
  • Wood Mackenzie - Singapore
  • Panama Canal Authority
  • Gujarat Mineral Development Corp Ltd - India
  • Karbindo Abesyapradhi - Indoneisa
  • CNBM International Corporation - China
  • Bangkok Bank PCL
  • Cosco
  • Australian Coal Association
  • IBC Asia (S) Pte Ltd
  • Antam Resourcindo - Indonesia
  • SGS (Thailand) Limited
  • PetroVietnam Power Coal Import and Supply Company
  • Riau Bara Harum - Indonesia
  • Eastern Energy - Thailand
  • Indonesia Power. PT
  • Bharathi Cement Corporation - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Rashtriya Ispat Nigam Limited - India
  • Africa Commodities Group - South Africa
  • Timah Investasi Mineral - Indoneisa
  • Mitra SK Pvt Ltd - India
  • Merrill Lynch Bank
  • Coal and Oil Company - UAE
  • IMC Shipping - Singapore
  • TNB Fuel Sdn Bhd - Malaysia
  • Grasim Industreis Ltd - India
  • Mitsubishi Corporation
  • SASOL - South Africa
  • Makarim & Taira - Indonesia
  • Petron Corporation, Philippines
  • Orica Australia Pty. Ltd.
  • Planning Commission, India
  • TeaM Sual Corporation - Philippines
  • Indo Tambangraya Megah - Indonesia
  • Parry Sugars Refinery, India
  • Mercator Lines Limited - India
  • The State Trading Corporation of India Ltd
  • Kumho Petrochemical, South Korea
  • Kaltim Prima Coal - Indonesia
  • Inco-Indonesia
  • Vedanta Resources Plc - India
  • Inspectorate - India
  • Ministry of Transport, Egypt
  • NTPC Limited - India
  • Deloitte Consulting - India
  • Global Coal Blending Company Limited - Australia
  • Petrosea - Indonesia
  • Singapore Mercantile Exchange
  • Glencore India Pvt. Ltd
  • KOWEPO - South Korea
  • IHS Mccloskey Coal Group - USA
  • Gupta Coal India Ltd
  • Bahari Cakrawala Sebuku - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Indonesian Coal Mining Association
  • The University of Queensland
  • Coalindo Energy - Indonesia
  • Barclays Capital - USA
  • Platts
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Deutsche Bank - India
  • Indogreen Group - Indonesia
  • Eastern Coal Council - USA
  • Baramulti Group, Indonesia
  • GNFC Limited - India
  • Thomson Reuters GRC
  • The India Cements Ltd
  • AsiaOL BioFuels Corp., Philippines
  • Shenhua Group - China
  • Kepco SPC Power Corporation, Philippines
  • Uttam Galva Steels Limited - India
  • Port Waratah Coal Services - Australia
  • Directorate Of Revenue Intelligence - India
  • Tata Chemicals Ltd - India
  • Electricity Generating Authority of Thailand
  • Directorate General of MIneral and Coal - Indonesia
  • Global Business Power Corporation, Philippines
  • Edison Trading Spa - Italy
  • Central Java Power - Indonesia
  • Mechel - Russia
  • Manunggal Multi Energi - Indonesia
  • European Bulk Services B.V. - Netherlands
  • Petrochimia International Co. Ltd.- Taiwan
  • Cargill India Pvt Ltd
  • Thai Mozambique Logistica
  • Maharashtra Electricity Regulatory Commission - India
  • Renaissance Capital - South Africa
  • Heidelberg Cement - Germany
  • Orica Mining Services - Indonesia
  • J M Baxi & Co - India
  • New Zealand Coal & Carbon
  • Freeport Indonesia
  • Ministry of Mines - Canada
  • Simpson Spence & Young - Indonesia
  • Minerals Council of Australia
  • Salva Resources Pvt Ltd - India
  • OCBC - Singapore
  • Mintek Dendrill Indonesia
  • Siam City Cement - Thailand
  • Japan Coal Energy Center
  • Sakthi Sugars Limited - India
  • EMO - The Netherlands
  • Sarangani Energy Corporation, Philippines
  • Credit Suisse - India
  • Arutmin Indonesia
  • Humpuss - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • Barasentosa Lestari - Indonesia
  • MEC Coal - Indonesia
  • Coastal Gujarat Power Limited - India
  • RBS Sempra - UK
  • TRAFIGURA, South Korea
  • Electricity Authority, New Zealand
  • Mitsui
  • Posco Energy - South Korea
  • Therma Luzon, Inc, Philippines
  • Jindal Steel & Power Ltd - India