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
Thursday, 01 July 21
END TO COAL POWER BROUGHT FORWARD TO OCTOBER 2024
Press Release: The deadline to phase out coal from Great Britain's energy system has been brought forward by a whole year, highlighting the UK’s leadership to go further in driving down emissions and tackling climate change.
 
From 1 October 2024 Great Britain will no longer use coal to generate electricity, a year earlier than planned, Energy and Climate Change Minister Anne-Marie Trevelyan announced yesterday (Wednesday 30 June 2021).
 
The move is part of ambitious government commitments to transition away from fossil fuels and decarbonise the power sector in order to eliminate contributions to climate change by 2050. Yesterday’s announcement confirms the intention set out by the Prime Minister last year to bring forward the deadline to end unabated coal-fired electricity generation.
 
This brings forward the deadline to phase out coal from Great Britain’s energy system by a whole year, highlighting the UK’s leadership to go further and faster in driving down emissions and lead by example in tackling climate change ahead of hosting the 2021 United Nations Climate Change Conference (COP26) summit in Glasgow this November. The UK is similarly calling on all nations to accelerate the phase out of coal power.
 
The UK government will introduce new legislation to do this at the earliest opportunity.
 
Coal is one of the most carbon intensive fossil fuels and responsible for harmful air pollution. By eliminating its use in electricity generation, the UK can make sure it plays a critical role in limiting global temperature rise to 1.5 degrees – a key aim of its COP26 presidency.
 
The UK has made huge progress in reducing the use of coal across the power sector, with coal accounting for only 1.8% of the UK’s electricity mix in 2020, compared with 40% almost decade ago.
 
The announcement comes ahead of Energy and Climate Change Minister Anne-Marie Trevelyan speaking at the Powering Past Coal Alliance (PPCA) Europe Roundtable yesterday on the importance of countries phasing out coal, and new members of the Alliance, as part of London Climate Action Week. The UK government has already ended its support for the fossil fuel energy sector overseas earlier this year.
 
Energy and Climate Change Minister Anne-Marie Trevelyan said:
 
• Coal powered the industrial revolution 200 years ago, but now is the time for radical action to completely eliminate this dirty fuel from our energy system.
 
• Today we’re sending a clear signal around the world that the UK is leading the way in consigning coal power to the history books and that we’re serious about decarbonising our power system so we can meet our ambitious, world-leading climate targets.
 
• The UK’s net zero future will be powered by renewables, and it is this technology that will drive the green industrial revolution and create new jobs across the country.
 
The UK went 5,000 hours without coal-fired electricity in 2020, and earlier this year broke a new wind power record, with just over a third of the country’s energy coming from wind. The rise in the use of renewables thanks to competition, free enterprise and government incentives to kick start new technologies has in turn helped to drive down the cost of green energy, with coal power now more expensive in most countries.
 
As one of the first countries to commit to ending coal power combined with its significant success in driving up renewables, the UK is leading the world in moving away from fossil fuels and significantly decarbonising its energy system.
 
Through its COP26 presidency, the UK government is urging nations to follow its example and abandon coal power for good. In May, under the UK’s leadership, G7 Climate and Environment Ministers agreed to end all new finance for coal power by the end of 2021 and to accelerate the transition away from unabated coal capacity and to an overwhelmingly decarbonised power system in the 2030s.
 
COP26 President-Designate, Alok Sharma, said:
 
• The next decade will be make, or break, for our planet and the most powerful way we can make a difference is to end our reliance on coal.
 
• Ahead of COP26, I hope the UK’s decisive step towards a cleaner, greener future sends 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.
 
A top priority of the UK COP26 Presidency is to accelerate the global transition from coal to clean energy. The UK government is asking governments to set coal phase out dates and end overseas coal investments, and has set up the Energy Transition Council to bring together partners to ensure that clean power is the most attractive option for developing countries and to support just transitions.
 
Additional information
 
Read the Impact Assessment published alongside the government’s consultation on bringing forward the date to end coal generated electricity. The assessment examined potential indirect impacts on coal mines from the phasing out of coal for electricity generation. The analysis indicated that setting a closure date of either 2025 or 2024 is unlikely to have a significant impact on the UK coal mining sector. This is predominantly due to the fact that coal mining in the UK has already been in decline in recent years, reflecting a competitive global market and falling domestic demand
 
On 18 September 2017, following a consultation in November 2016, the government confirmed that it would proceed with action to regulate the closure of unabated coal power generation units in Great Britain by 1 October 2025.
 
On 4 February 2020, the Prime Minister announced an intention to bring forward the deadline for phasing out unabated coal generation to 1 October 2024. The government ran a consultation from 14 December 2020 to 26 February 2021 seeking views on proposals to achieve this objective.
 
For the first time ever, in March this year coal-fired power plants did not participate in the four-year ahead Capacity Market auction, which secures the electricity capacity Great Britain needs to cope with peaks in demand in 2024 to 2025 at a low cost to consumers. Going forward, coal power plants will not be able participate in any future Capacity Market auctions due to the introduction of Emissions Limits to the Capacity Market.
 
This policy only applies to coal used to generate electricity. It does not apply to other coal consumers such as the steel industry, nor to domestic coal mines.
 
In 2020, the UK generated 43.1% of its electricity from renewable sources, including wind (24.2%), bioenergy (12.6%), solar (4.2%), and hydro (2.2%). Coal only consisted of 1.8 % of the year’s electricity generation, and nuclear generation made up a further 16.1%.
 
In 2012, coal accounted for 40% of the UK’s power generation, dropping dramatically to only 1.8% in 2020. Ending unabated coal generation in 2024 will mean that we will have reduced it from almost a third of our electricity supply to zero in the space of just 10 years.
Source: Department for Business, Energy & Industrial Strategy


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

Recent News

Friday, 27 August 21
THE ECONOMICS OF INDONESIA’S DIESEL POWER PLANT TO GAS CONVERSION PLAN ARE PROBLEMATIC - IEEFA
Deploying new small-scale LNG is an uphill battle for PGN Indonesian gas is currently in a precarious position, where the government needs to ...


Thursday, 26 August 21
INDIA IMPORTED 17.06 MLN TONNES OF LPG IN 2020; UP 11.5% Y-O-Y
Global LPG trade remained fairly positive in 2020, despite the global economic impact from COVID-19, and surged strongly in the first half of 2021. ...


Thursday, 26 August 21
MARKET INSIGHT - INTERMODAL
24th of August 2021, the Baltic Dry Index reached 4,201, a YTD high and the highest since May 2010. Cape 5TC daily average @ 51,472 ...


Tuesday, 24 August 21
COAL PRICE RALLY TO PRESSURE CHINESE POWER GENCOS’ MARGINS FITCH RATINGS
Fitch Ratings expects the pressure on Chinese power generation companies’ (gencos) profit from the recent coal price surge to weaken their cr ...


Tuesday, 24 August 21
TIGHT POWER SUPPLY IN CHINA AMID STRONG DEMAND, HIGH COAL PRICES - FITCH RATINGS
China experienced tight power supply in 1H21 on stronger than expected power demand as economic activity continued to recover, Fitch Ratings says i ...


   98 99 100 101 102   
Showing 496 to 500 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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