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, 09 July 21
CAN WE EXPECT AFFORDABLE POWER SUPPLY BY REPLACING COAL BASED POWER WITH LNG? - FINANCIAL EXPRESS
Bangladesh government’s recent decision to cancel the contracts for 10 coal fired power plants in late June 2021 has invited interest in the ...


Thursday, 08 July 21
STRONGEST HALF YEAR FOR SHIPPING MARKETS SINCE 2008 - CLARKSONS
A year on from peak trade disruption, we update our half year report for the shipping industry profiling a strong recovery and some exceptional ind ...


Tuesday, 06 July 21
INDONESIA COAL PRICE REFERENCE RISES TO 112 MONTHS HIGH IN JULY 2021; 121.15% HIGHER COMPARED TO THAT IN JULY 2020 PRICE
COALspot.com: The Indonesia coal price reference for July 2021 fixed at US$ 115.35 per ton FOB vessel.  The Indonesia coal price referenc ...


Tuesday, 06 July 21
INDONESIAN COAL EXPORTS FELL BY 37% YOY IN 1Q21 DUE TO ADVERSE WEATHER CONDITIONS - FITCH RATINGS
Chinese coal imports declined by 25% yoy in 5M21as a result of both restrictions on Australian coal and the high base in 2020. Import volume in Jan ...


Tuesday, 06 July 21
INDONESIAN 4,200 INDEX HAS ALSO INCREASED TO OVER USD50 PER TONNE SINCE MAY THIS YEAR REFLECTING STRONG CHINESE IMPORT DEMAND - FITCH RATINGS
Price Surge Since March APAC thermal coal has resumed its price surge since March this year. The  benchmark Newcastle 6,000kcal/kg grade c ...


   105 106 107 108 109   
Showing 531 to 535 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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