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Thursday, 09 November 23
WE'RE PRODUCING TOO MUCH COAL, OIL AND GAS, REPORT SAYS - WSJ
World leaders pledged in 2015 to reduce emissions in a combined effort to limit climate change.
Now they are stepping up production of oil, gas and coal, which will have the opposite effect.
The top-20 energy-producing nations intend by 2030 to extract double the amount of fossil fuels that would be consistent with the threshold needed to keep warming in check.
The contradiction between climate promises and energy production is nowhere more evident than in the United Arab Emirates, which is set to host the annual climate summit known as COP28, opening Nov. 30.
Diplomats, environmentalists and business leaders will gather in Dubai to hash out how each nation will reach its climate goals and debate whether to issue a statement on phasing out fossil fuels in the coming years.
In July, U.A.E. officials said the country by 2030 would cut greenhouse-gas emissions by 19% compared with 2019. But the state-owned Abu Dhabi National Oil Co. plans to boost oil production capacity to 5 million barrels a day by 2027 from the current 4 million barrels a day.
The company also plans to increase liquid natural gas production from the current 6 million metric tons a year to 15.6 million metric tons by 2028, according to a new report issued Wednesday by the United Nations Environment Program, the nonprofit Stockholm Environment Institute and several other institutions.
The study analyzed 20 nations that produce 80% of the world’s energy. In 2015, world leaders met in Paris and pledged to slow coal, oil and gas production to keep the climate from warming more than 1.5 degrees Celsius above preindustrial levels.
Even positive efforts by some nations will be canceled out by the actions of others.
By 2030, the U.S. expects to cut coal production by 43%, while China plans a 15% reduction. That drop will be overshadowed by new coal production in India, Indonesia and Russia, the report said.
Although the U.S. is phasing out coal, its oil production will reach, and remain at, record levels of 19 million to 21 million barrels a day between 2024 and 2050. U.S. natural gas is projected to increase continually, reaching 1.2 trillion cubic meters in 2050, the report said. Most of that oil and gas is for export.
The report relied on projections from the U.N.’s Intergovernmental Panel on Climate Change and publicly available documents.
Some nations have joined initiatives such as the Global Methane Pledge and the Net-Zero Producers Forum to reduce the greenhouse emissions that scientists say are responsible for climate change. While these agreements might make fossil-fuel production less polluting, they won’t put a big dent in overall emissions, according to Michael Lazarus, a senior scientist at the SEI and a lead author of the report.
“None of these initiatives mentioned the need to reduce fossil fuel production itself, and none of these countries have committed to reduce coal, oil and gas production in line with limiting warming to 1.5 degrees,” Lazarus said. “Most of these countries, especially those with significant oil and gas reserves, plan to increase production.”
Even though energy from carbon-free solar and wind power is making huge gains, the benefits are diminished by ongoing fossil fuel production, said Ploy Achakulwisut, a lead author of the report and a research fellow at the SEI.
“Despite encouraging signs of an emerging clean energy transition, the persistence of the global production gap puts a well-managed and equitable energy transition at risk and conflicts with governments’ climate commitments,” Achakulwisut said.
Source: WSJ
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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Planning Commission, India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
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