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Saturday, 22 September 18
GERMANY'S MOVE TO SCRAP COAL WILL COST TAXPAYERS - BRIAN PARKIN | WILLIAM WILKES
 Chancellor Angela Merkel’s plan to close Germany’s remaining coal-fired power stations will drive up subsidies for regions that mine the commodity, according to a document from the economy and energy ministry seen by Bloomberg.
Taxpayers are already slated to send 35 billion euros ($41 billion) of aid to four coal regions from 2013 to 2028 and will have to increase that amount as efforts to scale back pollution eliminates jobs at mines and power plants, the economy ministry estimated in a report drawn up last month.
The findings were submitted to the commission that Merkel asked to study when Germany could finally close its remaining 120 coal stations, which supplied more than a third of the nation’s electricity last year. After spending 500 billion euros to switch off the most polluting power plants, Merkel is now seeking to balance environmental goals against the need to protect jobs and keep a lid on electricity prices now at their highest level in years.
“The faster Germany pulls out of coal, the more expensive it’s going to be and we’re not talking about negligible costs,” said IGBCE miners, chemical and electrical workers’ union spokesman Lars Ruzic on the phone from Hanover Tuesday. “The phase-out is an immense disruption for utilities, the coal regions, jobs and the broader economy.”
Merkel’s coal commission has kept quiet about its private deliberations. It’s due to publish its main recommendations by the end of October. Philipp Jornitz, a spokesman for the Economy and Energy Ministry in Berlin, declined to comment on the report.
The documents dated Aug. 14 give a glimpse into the advice that’s feeding into Merkel’s coal commission. The panel, including lawmakers from the main political parties, environmental groups, analysts and unions, is drawing up a proposal for how quickly Germany should make the switch from fossil fuels in favor of cleaner forms of energy.
It said that the aid currently scheduled to go to coal regions is a “definite underestimate” of the actual amount of funding supporting those areas, since it excludes additional European Union payments to regional economies in transition.
Power in Germany is already the most expensive in Europe, according to the BDEW utilities federation. Closing the nation’s 120-odd coal plants by 2040 would push up power bills by 20 percent or by 29 billion euros, consultancy Frontier Economics said in an August report financed by RWE AG.
Germany’s remaining coal plants currently have a capacity of 46.7 gigawatts, about 23 percent of the nation’s total electric generation, which can produce 205 gigawatts in total. Wind turbines surpassed coal as the largest contributor to the grid last year.
The mandate of Merkel’s coal commission is to suggest a way government can “actively support structural change” in the coal regions, calibrating an exit from the most polluting fossil fuel while kick-starting new businesses to preserve jobs.
The four regions support tens of thousands of mining, power industry and service jobs, according to the IGBCE union. The companies that are most likely to be affected include RWE AG, which owns mining and power plants in the western state of North-Rhine Westphalia, and LEAG, which is the main lignite operator in eastern Germany.
Power prices have been rising this year across Europe along with the cost of coal, natural gas and carbon-emissions credits.
RWE and LEAG have said the cost of Germany’s energy transition can be limited if the government allows market forces to determine the timing of when the last coal plant should shut. The two have lignite mining licenses stretching into the middle of the century and want to preserve those assets.
Allowing the carbon market to guide Germany’s shift away from coal might allow them to keep operating for years or even decades.
Source: Bloomberg
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Monday, 17 September 18
SMALL PERCENTAGE OF THE WORLD FLEET WILL FIT SCRUBBERS - FORECASTS : METTE KRONHOLM FRAENDE
In recent months, there have been numerous reports of a strong pick-up in demand for scrubbers. On 1 January 2020, however, the number of ships fit ...
Saturday, 15 September 18
POWERING SUSTAINABLE DEVELOPMENT WITH LOW EMISSION COAL TECHNOLOGIES - WCA
In its 5th Strategic Energy Plan this year (2018), the Japanese Cabinet recognised coal as an important energy resource, necessary for the country& ...
Friday, 14 September 18
10 YEARS ON FROM LEHMAN, HOW IS SHIPPING'S "HANGOVER"? - CLARKSONS RESEARCH
On 15th September 2008, the collapse of Lehman Brothers crystallised the financial crisis and the onset the worst economic downturn for a century. ...
Thursday, 13 September 18
OPEC SEES SLOWER 2019 OIL DEMAND GROWTH, WARNS ON ECONOMY
Crude Oil Price Movements
In August, the OPEC Reference Basket declined by $1.01 m-o-m, settling at $72.26/b. Crude oil futures were also down ...
Thursday, 13 September 18
SUPRAMAX: INDO-INDIA COAL RUN WAS FIXED CLOSE TO $16000 ON ULTRA - FEARNLEYS
Capesize
Rates took a further drop in the beginning of the week, to later find a floor around mid-week reaching mid USD 7 level for c5 and just ...
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Showing 1616 to 1620 news of total 6871 |
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- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- MS Steel International - UAE
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Bhatia International Limited - India
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Mjunction Services Limited - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- The University of Queensland
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
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