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Monday, 26 April 21
CHINA TO FURTHER CUT COAL USE IN 2021 - XINHUA
China aims to reduce the share of coal in its energy mix to less than 56% this year, according to a guideline released by the National Energy Administration (NEA).
The proportion was 56.8% in 2020 and 57.7% in 2019.
In 2021, China plans to further replace coal in final energy consumption with electricity equivalent to 200 billion kilowatt-hours, while increasing the proportion of electricity in final energy consumption to 28%, said the document.
Meanwhile, China’s energy production is expected to reach 4.2 billion tonnes of standard coal equivalent this year, while the outputs of oil and natural gas are expected to stand at around 196 million tonnes and 202.5 billion cubic meters, respectively.
China will also strive to bring the installed capacity of non-fossil energy to 1.1 billion kilowatts and cut energy consumption per unit of gross domestic product by around 3% in 2021.
China will further strengthen control of the total coal consumption, push forward the efficient and clean use of coal, encourage comprehensive energy services and enhance energy-efficiency management, said the NEA.
Efforts will be made to promote clean heating, to ensure that clean energy is used for heating in more than 70% of the households in northern China, while the use of clean heating in the southern part of the country will be explored, it said.
In the face of the issue of global climate change, China has announced its goal to peak its carbon dioxide emissions before 2030 and become carbon-neutral by 2060.
Source: Xinhua
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Wednesday, 14 April 21
MARKET INSIGHT - INTERMODAL
After a series of months where the dry bulk sector was attracting most of the buying interest, tankers SnP activity spiked in the previous weeks. O ...
Tuesday, 13 April 21
INDONESIAN COAL PRICE REFERENCE IN APRIL UP AGAIN ON FIRM DEMAND
COALspot.com: The Indonesia coal price reference for April 2021 settles at US$ 86.68 per ton FOB vessel.
The Indonesia coal pr ...
Monday, 12 April 21
CHINA'S ECONOMIC RECOVERY PUSHES COAL MINES TO INCREASE YIELD - GLOBAL TIMES
China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising ...
Monday, 12 April 21
GLOBAL COAL PRODUCTION EXPECTED TO RISE BY 3.5% IN 2021, SAYS GLOBALDATA
Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions obse ...
Wednesday, 07 April 21
KOMIPO ISSUED A TENDER FOR TOTAL 1,560,000 METRIC TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for total 1,560,000 Metric Tons of Bituminous coal for i ...
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