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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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Tuesday, 23 March 21
LOWER WHOLESALE PRICES PUT PRESSURE ON AUSTRALIAN ENERGY RETAILERS - FITCH RATINGS
Fitch Ratings expects the low wholesale energy prices in the Australian National Energy Market to persist through to 2022, which will affect electr ...
Tuesday, 23 March 21
SCRUBBER-FITTED SHIPS NEARLY DOUBLE AS FUEL SPREAD SETTLES AT $118 PER MT - PETER SAND
As the lion’s share of the world fleet replaced high-sulphur fuel oil (HSFO) with low-sulphur fuel oil (LFSO) as a mean of propulsion to be c ...
Tuesday, 23 March 21
CHINA'S COAL OUTPUT EDGES UP IN FIRST TWO MONTHS - XINHUA
China’s raw coal output rose 25 percent year on year to 620 million tonnes in the first two months of 2021, official data showed.
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Wednesday, 17 March 21
MARKET INSIGHT - INTERMODAL
Shipping market players are familiar with the inverse correlation between the freight market and demolition activity i.e. when the market picks up ...
Friday, 12 March 21
INDIA SHOULD FOCUS ON REDUCING COAL POWER GENERATION INSTEAD OF CAPACITY - IEEFA
Nearly half of existing coal power in India is more expensive than new renewable power
To get to its ambitious climate targets, Indi ...
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Showing 616 to 620 news of total 6871 |
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- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- The University of Queensland
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Planning Commission, India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
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