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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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Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- MS Steel International - UAE
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Planning Commission, India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Australian Coal Association
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- White Energy Company Limited
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
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