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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, 01 May 18
GLOBAL MINER PEABODY EYES SALES OPPORTUNITY IN INDIA’S RISING COAL IMPORTS - BUSINESS STANDARD
Indian imports of coal will continue to rise, reckons the world’s largest private sector coal miner Peabody Energy. Glenn Kellow, president a ...


Saturday, 28 April 18
STRONG ASIAN DEMAND CONTINUES TO HOLD UP THERMAL COAL MARKETS - REUTERS
Asian thermal coal demand is defying its typical seasonal slowdown as well as the expanding use of renewables and natural gas, with prices holding ...


Friday, 27 April 18
PEABODY ENERGY'S REVENUES FOR THE FIRST QUARTER ROSE 10 PERCENT OVER THE PRIOR YEAR TO $1.46 BILLION
Peabody Energy's revenues for the first quarter rose 10 percent over the prior year to $1.46 billion driven by improved seaborne coal pricing a ...


Thursday, 26 April 18
BALTIC EXCHANGE LAUNCHES ESCROW SERVICE FOR VESSEL SALES
The Baltic Exchange will be launching an Escrow Service for its members to hold deposits for ship sale transactions. The move will allow Baltic Exc ...


Thursday, 26 April 18
COAL PRICES ARE EXPECTED TO AVERAGE $85/MT IN 2018, DOWN SLIGHTLY FROM 2017 - WORLD BANK
Coal prices rose 4 percent in the first quarter (q/q), following a surge of 34 percent in 2017, mainly due to strong consumption in China spurred b ...


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