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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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Saturday, 08 May 21
THE COAL-TO-RENEWABLES TRANSITION TAKES OFF - IEEFA
Pre-Biden changes underscore coming 10-year wave of coal plant retirements
The traditional S-curve growth exhibited by disruptive te ...
Friday, 07 May 21
CHINA'S TOTAL COAL IMPORTS FOR 2020 REACHED A VOLUME OF 304 MILLION TONS - ASSOCARBONI
Our benchmarks, manufacturing Countries like China, Germany, Japan, India, South Korea and Taiwan will continue to use a mix of coal and nuclear to ...
Friday, 07 May 21
SEABORNE WORLD COAL TRADE CLOSED 2020 IN NEGATIVE - ASSOCARBONI
Coal confirmed its leadership as leading fuel for electricity generation also in 2020, accounting for 38% of overall production. For the first time ...
Friday, 07 May 21
INDONESIA'S THERMAL COAL EXPORTS IN 2020 DECREASED BY 13%; INDIA REMAINED THE TOP DESTINATION FOR INDONESIAN COAL - ASSOCARBONI
An increase in seaborne trade is forecast for 2022, driven by markets in Southeast Asia, where growing demand for coal from Bangladesh, the Philipp ...
Friday, 30 April 21
HIGH-SULPHUR FUEL OIL SALES REBOUND AFTER PRE-IMO 2020 - BIMCO
HSFO sales are up 47.2% from Q1 2020, reaching 3.1m tonnes. This is however still less than a third of high-sulphur fuel sales in Q1 2019, before t ...
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- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
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