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Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
BloombergLeaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climate objectives that are crucial to keeping global temperatures in check, according to a draft statement for this weekend’s summit.
 
The 11-page document seen by Bloomberg, which is still being negotiated by diplomats in Rome ahead of the meeting, shows key deliverables have yet to be agreed. The draft, dated Thursday, refers to the “existential challenge” of climate change.
 
Many references to climate objectives and dates are still in brackets or with large slabs of text highlighted in various colors, meaning they haven’t been finalized. That includes a vow to take “immediate action” to keep the objective of limiting global warming to 1.5 degrees Celsius within reach. There is a reference to ending the use of coal in domestic power generation, but the current wording would give countries wiggle room.
 
Some sort of agreement among G-20 leaders is essential as many of them then go onto Glasgow for the COP26 climate summit, which is designed to improve on the goals set under the Paris climate accord.
Source: Bloomberg


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Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...


Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...


Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...


Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars   Change in Canadian policy could have major implications ...


Tuesday, 26 October 21
CHINA'S COAL-RICH SHANXI BEEFS UP COAL PRODUCTION - XINHUA
Major coal producers in north China’s Shanxi Province, a leading coal-producing region of the country, have beefed up production to ensure en ...


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