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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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Recent News

Tuesday, 05 December 17
THE COKING AND THERMAL COAL RECORDING SMALL GAINS - DANIEL HYNES
Coal markets were higher, with both coking and thermal coal recording small gains, said Daniel Hynes Senior Commodity Strategist at ANZ in his late ...


Tuesday, 05 December 17
WEEKLY US COAL PRODUCTION ESTIMATES DIP WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.1 million short ton ...


Thursday, 30 November 17
CONTEMPLATING COAL'S CONTROVERSY AT COP23 - BENJAMIN SPORTON
Representing the coal industry at climate talks is never going to be an easy proposition. For many people, coal and climate action are incompatible ...


Wednesday, 29 November 17
THE LAST DAYS OF COAL? - ALIBRA SHIPPING
At least 15 countries have joined an international alliance to phase out coal use for power generation before 2030. Britain, Canada, Denmark, ...


Wednesday, 29 November 17
THERMAL COAL MARKETS WERE A LITTLE BIT MORE SUBDUED - DANIEL HYNES, ANZ
Coal prices were stronger, led by gains in coking coal. Premium hard coking coal jumped above USD200/t for the first time in two months, said Danie ...


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