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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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Friday, 04 June 21
NEW COAL-FIRED POWER PLANTS IN INDIA WILL BE ECONOMICALLY UNVIABLE - IEEFA
Coal capacity additions face major stranded asset risk
Much of India’s 33 gigawatts (GW) of coal-fired power capacity currently under co ...
Thursday, 03 June 21
JUNE HBA IS HITTING ABOVE $100 AND SETTLED AT ITS HIGHEST SINCE OCTOBER 2020
COALspot.com: The Indonesia coal price reference for June 2021 settles at US$ 100.33 per ton FOB vessel.
The Indonesia coal pr ...
Wednesday, 02 June 21
INDONESIA RV WAS DOWN TO LOW/MID $20,000S DAY FOR PANAMAX/KAMSARMAX WITH DELIVERY S CHINA - BANCHERO COSTA
Panamax
A softening week in the Pacific basin with rates under a downward pressure mainly caused by the oversupply of tonnage in the area, said ...
Wednesday, 02 June 21
EUROPEAN UNION'S IRON ORE IMPORTS - BANCHERO COSTA
The European Union (27) is currently the fourth largest importer of iron ore in the world, after China, Japan, and South Korea.
Euro ...
Tuesday, 01 June 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.02 PCT - XINHUA
China Taiyuan coal transaction price index stood at 160.06 points Monday, down 0.02 percent week on week.
The index, released by Chi ...
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- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- The University of Queensland
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Planning Commission, India
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
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