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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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Wednesday, 03 February 21
MARKET INSIGHT - INTERMODAL
"2020 the year from hell for the entire world, had everything for shipowners. The introduction of the sulphur cap and VLSFO, a Pandemic outbre ...
Tuesday, 02 February 21
WILL THE ELECTRONIC B/L BE FULLY IMPLEMENTED? FIVE POINTS TO CONSIDER - MOL
KNOWLEDGE TO ELEVATE
The trend towards digitization of Bills of Lading (B/L) has begun to attract attention in the trade and shipping industrie ...
Monday, 01 February 21
A 56,000-DWT OPEN MANILA WAS FIXED FOR A TRIP VIA INDONESIA REDELIVERY CHINA AT $11,500 - THE BALTIC BRIEFING
Capesize
The Capesize routes endured a week of slippage on rates, bringing the market back down to levels seen at the beginning of the month. D ...
Monday, 01 February 21
PAKISTAN: COAL DEMAND EXPECTED TO SPIKE IN 2021 - DAWN
Coal demand is expected to remain upbeat in 2021 as more coal-fired and captive power plants are coming up in the current year.
Acco ...
Friday, 29 January 21
COAL EXPORTS FROM AUSTRALIA TO MAINLAND CHINA DECLINED BY -22.2% Y-O-Y IN 2020 - BANCHERO COSTA
In the 12 months of 2020, global seaborne coal trade declined by as much as -12.7% year-on-year, according to vessel tracking data from Refinitiv, ...
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- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- India Bulls Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
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