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Thursday, 01 July 21
FIVE ASIAN COUNTRIES ACCOUNT FOR 80% OF NEW COAL POWER INVESTMENT - THE GUARDIAN
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report.
Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new coal plants.
The investments in one of the most environmentally damaging sources of energy could generate a total of 300 gigawatts of energy – enough to power the UK more than three times over – despite calls from climate experts at the UN for all new coal plants to be cancelled.
Catharina Hillenbrand von der Neyen, the author of the report, said: “These last bastions of coal power are swimming against the tide, when renewables offer a cheaper solution that supports global climate targets. Investors should steer clear of new coal projects, many of which are likely to generate negative returns from the outset.”
While Asia continues to plough money into coal plants, countries across the developed world are accelerating plans to phase them out. The UK government has announced plans to bring forward the deadline for coal plants to be decommissioned by one year earlier than planned, to 2024.
The new deadline for coal power, which made up 1.5% of electricity in the last quarter of 2020, received a muted response from green groups because it will force the shutdown of only one coal plant, at Ratcliffe-on-Soar in Nottinghamshire, after the West Burton A power plant shuts in September 2022.
Alok Sharma, the president-designate of the Cop26 UN climate talks in Glasgow later this year, said the government’s “decisive step” would send a “clear signal to friends around the world that clean power is the way forward”.
“The impact of this step will be far greater if we can bring the world with us, and so our desire to support a clean and just energy transition is central to my discussions on the road to Cop26,” he said.
China is the world’s leading coal investor, with plans to increase its existing 1,100-gigawatt fleet of coal-fired power plants by another 187 gigawatts, according to the report. Carbon Tracker claims that solar and windfarms could already generate cheaper electricity than more than 85% of the country’s existing coal plants, and that by 2024 renewable energy will be able to outcompete all coal-fired power.
In India, the world’s second largest coal power generator, and Indonesia, renewable energy will also be able to outcompete coal by 2024, while in Japan and Vietnam coal will be uneconomic compared with renewables by 2022.
Source: The Guardian
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Saturday, 17 July 21
COAL PRICES TRADE AT DECADE HIGH OF $140 PER TONNE, HERE ARE SOME FACTORS AT PLAY: CNBC-TV18
Coal prices are trading at $140 per tonne. In the last one week, coal has seen more than 8 percent gains; the last one month has seen 24 percent ju ...
Thursday, 15 July 21
U.S. FOSSIL FUEL CONSUMPTION FELL BY 9% IN 2020, THE LOWEST LEVEL IN NEARLY 30 YEARS - EIA
U.S. fossil fuel consumption fell by 9% in 2020, the lowest level in nearly 30 years
In 2020, total consumption of fossil fuels in t ...
Thursday, 15 July 21
IN 2020, U.S. COAL PRODUCTION FELL TO ITS LOWEST LEVEL SINCE 1965 - EIA
U.S. coal production totaled 535 million short tons (MMst) in 2020, a 24% decrease from the 706 MMst mined in 2019 and the lowest level of coal pro ...
Wednesday, 14 July 21
MARKET INSIGHT - INTERMODAL
In its latest Global Economic Prospects report, the world bank recorded the strongest post-recession global growth in 80 years, but emerging and de ...
Tuesday, 13 July 21
JAPAN STILL SEEKING TO EXPLOIT COAL POWER LOOPHOLES - IEEFA
JBIC wants to continue burdening developing nations with its expensive coal-fired power technology
Japan is continuing to push its expensive c ...
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- ASAPP Information Group - India
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Australian Coal Association
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- The University of Queensland
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
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