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Thursday, 25 March 21
EUROPE PASSES MILESTONE WITH HALF OF COAL PLANTS CLOSED OR SET TO RETIRE BY 2030 - EURACTIV
Half of Europe’s 324 coal-fueled power plants have either closed or announced a retirement date before 2030, it emerged on Monday (22 March) when French power utility EDF announced the 162nd plant will close in 2022.
EDF’s planned closure of the West Burton coal-fueled power plant in the north of England – one of two remaining in Britain – means half of Europe’s coal plants will have closed by 2030.
“We are in the endgame for the coal industry in Europe,” said Kathrin Gutmann, campaign director at Europe Beyond Coal, an alliance of civil society groups campaigning to phase-out coal. “After years of unrelenting decline, half of Europe’s coal fleet is history. Governments, energy companies and financial institutions must now plan for a 2030 or earlier coal exit, end all funding flows to coal and fossil gas, and instead, direct their support to sustainable renewables, and the just transition of impacted communities,” she added.
Coal is in sharp decline across Europe, including the UK, Western Balkans and Turkey. Over the last five years, Europe has seen 50% of its coal-fired power plants close or commit to closing. Since 2016, coal power generation has declined by just over half.
Burning coal has become increasingly expensive, partly thanks to the emissions trading scheme (ETS), which has seen the price of emitting CO2 from EU power plants increase from €5 per tonne of CO2 to almost €40/t since 2016.
EU financial institutions have also introduced nearly 40 coal-restricting policies in 2020 alone and many commercial banks have announced plans to terminate project finance for new coal projects across the world.
Euractiv - Kira Taylor
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Monday, 29 March 21
MOODY'S: OUTLOOK FOR GLOBAL METALS AND MINING INDUSTRY TURNS POSITIVE ON HIGHER EBITDA IN PANDEMIC'S WAKE
- Demand for steel, iron ore and copper will rise, while aluminum, nickel and zinc will remain in surplus
- EBITDA is expected to ...
Thursday, 25 March 21
'OMNIBUS LAW' REGULATION ON INDONESIA’S ENERGY AND MINING SECTORS TO BOOST COAL PROCESSING BUT ALSO RAISES QUESTIONS - ABNR
February 2021 saw the issuance of a raft of new government regulations to give effect to the reformist Job Creation Law (colloquially known as the ...
Thursday, 25 March 21
PROPOSED SWITCH FROM COAL TO LNG THREATENS RENEWABLE ENERGY DEVELOPMENT IN ASIA - IEEFA
Renewables offer an ever cheaper, financially sustainable and energy secure alternative, better able to support developing nations
A ...
Thursday, 25 March 21
MAJOR INVESTMENT ADVISORS BLACKROCK AND MEKETA PROVIDE A FIDUCIARY PATH THROUGH THE ENERGY TRANSITION - IEEFA
BlackRock and Meketa say divestment from fossil fuels improves, not weakens, investment returns
Two major financial management firms ...
Wednesday, 24 March 21
MARKET INSIGHT - INTERMODAL
Since the start of the pandemic, the shipping industry has efficiently responded to ensure the continuity of operations and hence the security of s ...
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- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- GMR Energy Limited - India
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
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