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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, 27 February 21
FITCH RATINGS REVISES GLOBAL METALS AND MINING PRICE ASSUMPTIONS
Fitch Ratings has revised some of its metals and mining price assumptions as prices for many commodities will benefit in the short term from return ...
Saturday, 27 February 21
MITSUBISHI PULLS OUT OF VINH TAN 3 COAL PROJECT IN VIETNAM - NIKKEI ASIA
Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing int ...
Thursday, 25 February 21
ARE WE ON THE CUSP OF ANOTHER MINING SUPER-CYCLE? - WOOD MACKENZIE
As the first wave of the coronavirus pandemic began to bite, many observers confidently predicted that the end was nigh for global economic activit ...
Thursday, 25 February 21
2020 PROVED TO BE A TRULY TERRIBLE YEAR FOR SEABORNE COAL TRADE - BANCHERO COSTA
Total loadings in the 12 months of 2020 were down -12.7% year-on-year to 1,130 million tonnes, according to vessels tracking data from Refinitiv, s ...
Wednesday, 24 February 21
MARKET INSIGHT - INTERMODAL
With yields of up to 563%, the shares of Greek shipping companies listed on Wall Street are recorded. The Coronavirus pandemic has not significantl ...
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- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Eastern Energy - Thailand
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Ministry of Mines - Canada
- Planning Commission, India
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Australian Coal Association
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Aditya Birla Group - India
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Latin American Coal - Colombia
- Parliament of New Zealand
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
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