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Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Institute and KPMG in a report titled 2024 Statistical Review of World Energy.
 
As for rising carbon intensity, fossil fuel use was accelerating in India and many African nations, outpacing the growth of renewables, the organisations observed.
 
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Institute and KPMG in a report titled 2024 Statistical Review of World Energy.
 
As for rising carbon intensity, fossil fuel use was accelerating in India and many African nations, outpacing the growth of renewables, the organisations observed.
 
Anish De, Global Head for Energy Natural Resources & Chemicals, KPMG International said, “The 2024 report confirmed some of our apprehensions. Globally, energy demand has gone up 2% and emissions exceeded 40 Gross Tonnage for the first time, rapidly eating into the available carbon budget. Although the contribution of renewables has risen, in absolute terms all fossil fuels are also hitting all-time highs. ‘‘
Source: The Hindu


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Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
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Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023   Oil prices came under some pressure yesterday with ICE Brent settling a litt ...


Wednesday, 09 August 23
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The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...


Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...


Monday, 17 July 23
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Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...


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