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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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- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- PTC India Limited - India
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
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