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Sunday, 21 February 21
EDITORIAL: TIME FOR BANGLADESH TO FOCUS ON RENEWABLE ENERGY, NOT COAL - DHAKA TRIBUNE
Shifting away from coal is not only desirable, but absolutely necessary in these times.
In spite of being detrimental to environment, coal has long been seen as the most affordable option to meet our energy goals. As a nation with ambitious growth targets, our energy needs are tremendous, and in this pursuit for growth, sustainability often gets forgotten.
But a lot has changed in the past year, and the financing scenario is no longer what it used to be. Coal is now a much less attractive option than it was before for Bangladesh: There has been a wave of cancellations of coal power all over South Asia and Southeast Asia — in the face of mounting public pressure against projects that harm the climate and global biodiversity, banks are less willing to fund coal, and are becoming more committed to renewable energy.
This is not merely an issue of green-house gas emissions and the damage to the environment that is the problem — for a long time, experts had been warning that coal power expansion in this region risked overcapacity, asset stranding, and wasted capital.
It is great to see that as Bangladesh reconsiders many of its coal power projects, other South and Southeast Asian countries are following our lead in this coal power capping. While some who had their hearts set on coal power will be disappointed, there is no denying that shifting away from coal is not only desirable, but absolutely necessary in these times.
Climate change is the biggest global emergency we are facing, and to move forward, we simply cannot ignore the realities we face. It is time to explore clean and renewable energy more thoroughly, so that as we move forward in our development journey, we do so ethically and responsibly.
Source: Dhaka Tribune
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Wednesday, 14 October 20
MARKET INSIGHT - INTERMODAL
The tanker market has experienced severe freight rate and asset value declines over the past 5 months. A potential market upturn may arise in the c ...
Friday, 09 October 20
INDIA'S COAL IMPORTS IMPROVE SOMEWHAT, BUT RECOVERY IS UNEVEN - REUTERS
India’s coal imports, depressed by the impact of coronavirus this year, regained ground in September, but in an uneven uptick – shipmen ...
Thursday, 08 October 20
CHINA'S COAL IMPORTS FROM INDONESIA DECLINED 16.4% Y-O-Y, TO 80.2 MLN TONNES IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
China's coal imports boomed in 2019, surprising many who had expected the government would clamp down strictly on shipments.
...
Thursday, 08 October 20
GLIMMER OF LIGHT FOR COAL, BUT SHORT TERM - FNARENA
Is coal on the rebound? Demand appears stronger and supply reductions have underpinned a tightening market. Certainly, the Newcastle thermal coal p ...
Wednesday, 07 October 20
U.S. COAL PRODUCTION TO DECREASE BY 26 PERCENT IN 2020 COMPARED TO 2019 - EIA
EIA expects total U.S. coal production in 2020 to be 525 million short tons (MMst), compared with 705 MMst in 2019, a 26% decrease.
COVID-19 a ...
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- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
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- Goldman Sachs - Singapore
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- Ministry of Transport, Egypt
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- Ministry of Finance - Indonesia
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- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
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- Samtan Co., Ltd - South Korea
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- Power Finance Corporation Ltd., India
- Australian Coal Association
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- Kumho Petrochemical, South Korea
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- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- Mintek Dendrill Indonesia
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- Baramulti Group, Indonesia
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- Alfred C Toepfer International GmbH - Germany
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