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Thursday, 01 July 21
FIVE ASIAN COUNTRIES ACCOUNT FOR 80% OF NEW COAL POWER INVESTMENT - THE GUARDIAN
Five Asian countries are jeopardising global climate ambitions by investing in 80% of the world’s planned new coal plants, according to a report.
Carbon Tracker, a financial thinktank, has found that China, India, Indonesia, Japan and Vietnam plan to build more than 600 coal power units, even though renewable energy is cheaper than most new coal plants.
The investments in one of the most environmentally damaging sources of energy could generate a total of 300 gigawatts of energy – enough to power the UK more than three times over – despite calls from climate experts at the UN for all new coal plants to be cancelled.
Catharina Hillenbrand von der Neyen, the author of the report, said: “These last bastions of coal power are swimming against the tide, when renewables offer a cheaper solution that supports global climate targets. Investors should steer clear of new coal projects, many of which are likely to generate negative returns from the outset.”
While Asia continues to plough money into coal plants, countries across the developed world are accelerating plans to phase them out. The UK government has announced plans to bring forward the deadline for coal plants to be decommissioned by one year earlier than planned, to 2024.
The new deadline for coal power, which made up 1.5% of electricity in the last quarter of 2020, received a muted response from green groups because it will force the shutdown of only one coal plant, at Ratcliffe-on-Soar in Nottinghamshire, after the West Burton A power plant shuts in September 2022.
Alok Sharma, the president-designate of the Cop26 UN climate talks in Glasgow later this year, said the government’s “decisive step” would send a “clear signal to friends around the world that clean power is the way forward”.
“The impact of this step will be far greater if we can bring the world with us, and so our desire to support a clean and just energy transition is central to my discussions on the road to Cop26,” he said.
China is the world’s leading coal investor, with plans to increase its existing 1,100-gigawatt fleet of coal-fired power plants by another 187 gigawatts, according to the report. Carbon Tracker claims that solar and windfarms could already generate cheaper electricity than more than 85% of the country’s existing coal plants, and that by 2024 renewable energy will be able to outcompete all coal-fired power.
In India, the world’s second largest coal power generator, and Indonesia, renewable energy will also be able to outcompete coal by 2024, while in Japan and Vietnam coal will be uneconomic compared with renewables by 2022.
Source: The Guardian
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Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.
That’s what’s expected to happen to Australia’s economy “when” China st ...
Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...
Friday, 11 June 21
5 REASONS GLOBAL SHIPPING COSTS WILL CONTINUE TO RISE - ING
No short-term relief
Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...
Friday, 11 June 21
ASIA COAL PRICES SURGE, BUT CHINA-AUSTRALIA DISPUTE MEANS RALLY IS UNEVEN - REUTERS
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have don ...
Thursday, 10 June 21
INDONESIA COAL EARNINGS RECOVERY TO SLOW AFTER STRONG 1Q - FITCH RATINGS
Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...
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- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Parliament of New Zealand
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Planning Commission, India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
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