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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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- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Australian Coal Association
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
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