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Tuesday, 11 April 23
COAL USE CLIMBS WORLDWIDE DESPITE PROMISES TO SLASH IT - AAP
The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that is the biggest source of planet-warming gases in the atmosphere, a report has found.
The coal fleet grew by 19.5 gigawatts last year, enough to light up 15 million homes, with nearly all newly commissioned coal projects in China, according to a report by Global Energy Monitor (GEM), an organisation that tracks a variety of energy projects around the globe.
That one per cent increase comes at a time when the world needs to retire its coal fleet four-and-a-half times faster to meet climate goals, the report says.
In 2021, countries around the world promised to phase down the use of coal to help achieve the goal to limit warming to 1.5 C.
“The more new coal projects come online, the steeper the cuts and commitments need to be in the future,” said Flora Champenois, the report’s lead author and the project manager for GEM’s Global Coal Plant Tracker.
New coal plants were added in 14 countries and eight countries announced new coal projects. China, India, Indonesia, Turkey and Zimbabwe were the only countries that both added new coal plants and announced new projects.
China accounted for 92 per cent of all new coal project announcements.
China added 26.8GW and India added about 3.5GW of new coal power capacity to their electricity grids. China also gave clearance for nearly 100GW of new coal power projects with construction likely to begin this year.
But “the long term trajectory is still towards clean energy”, said Shantanu Srivastava, an energy analyst with the Institute for Energy Economics and Financial Analysis who is based in New Delhi.
In Europe, where the Russian invasion of Ukraine meant a scramble for alternative energy sources and droughts stifled hydropower, the continent only saw a very minor increase in coal use.
Others went the other way. There were significant shutdowns in the US, where 13.5GW of coal power was retired. It is one of 17 countries that closed up plants in the past year.
With nearly 2500 plants around the world, coal accounts for about a third of the total amount of energy installation globally. Other fossil fuels, nuclear energy and renewable energy make up the rest.
To meet climate goals set in the 2015 Paris Agreement, coal plants in rich countries need to be retired by 2030 and coal plants in developing countries need to be shut down by 2040, according to the International Energy Agency.
That means about 117GW of coal needs to be retired every year, but only 26GW was retired in 2022.
“At this rate, the transition away from existing and new coal isn’t happening fast enough to avoid climate chaos,” Champenois said.
Source: AAP (Australian Associated Press)
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Thursday, 25 January 24
THE RED SEA ESCALATION IMPLICATIONS ON GLOBAL SEABORNE TRADE - MARIA BERTZELETOU
In recent days, discussions have intensified about the potential impact on the seaborne trade and ton-miles due to the evolving dynamics of market ...
Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
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- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- TeaM Sual Corporation - Philippines
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Bhatia International Limited - India
- Australian Coal Association
- The University of Queensland
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
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