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Thursday, 25 March 21
EUROPE PASSES MILESTONE WITH HALF OF COAL PLANTS CLOSED OR SET TO RETIRE BY 2030 - EURACTIV
Half of Europe’s 324 coal-fueled power plants have either closed or announced a retirement date before 2030, it emerged on Monday (22 March) when French power utility EDF announced the 162nd plant will close in 2022.
 
EDF’s planned closure of the West Burton coal-fueled power plant in the north of England – one of two remaining in Britain – means half of Europe’s coal plants will have closed by 2030.
 
“We are in the endgame for the coal industry in Europe,” said Kathrin Gutmann, campaign director at Europe Beyond Coal, an alliance of civil society groups campaigning to phase-out coal. “After years of unrelenting decline, half of Europe’s coal fleet is history. Governments, energy companies and financial institutions must now plan for a 2030 or earlier coal exit, end all funding flows to coal and fossil gas, and instead, direct their support to sustainable renewables, and the just transition of impacted communities,” she added.
 
Coal is in sharp decline across Europe, including the UK, Western Balkans and Turkey. Over the last five years, Europe has seen 50% of its coal-fired power plants close or commit to closing. Since 2016, coal power generation has declined by just over half.
 
Burning coal has become increasingly expensive, partly thanks to the emissions trading scheme (ETS), which has seen the price of emitting CO2 from EU power plants increase from €5 per tonne of CO2 to almost €40/t since 2016.
 
EU financial institutions have also introduced nearly 40 coal-restricting policies in 2020 alone and many commercial banks have announced plans to terminate project finance for new coal projects across the world.
Euractiv - Kira Taylor


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Saturday, 06 March 21
AUSTRALIAN COAL: SOME WEAKNESS COULD MATERIALIZE AFTER THE WINTER - ING
Newcastle coal prices remain well supported for now, however as we move out of the winter months we would expect prices to come under pressure. Mea ...


Saturday, 06 March 21
ASIA SEABORNE COAL PRICES START TO RETREAT, CHINA-AUSTRALIA DISPUTE LINGERS - REUTERS
There are signs that the price and demand surge for coal during the recent colder-than-expected winter across North Asia is starting to ease, even ...


Thursday, 04 March 21
HEAD OF JBIC SAYS THE JAPANESE BANK WILL NOT FUND NEW COAL PLANT DEVELOPMENT - NHK NEWS
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Wednesday, 03 March 21
MARKET INSIGHT - INTERMODAL
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Saturday, 27 February 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES DOWN - XINHUA
China’s benchmark power coal price dropped slightly during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...


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