COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 01 July 21
END TO COAL POWER BROUGHT FORWARD TO OCTOBER 2024
Press Release: The deadline to phase out coal from Great Britain's energy system has been brought forward by a whole year, highlighting the UK’s leadership to go further in driving down emissions and tackling climate change.
 
From 1 October 2024 Great Britain will no longer use coal to generate electricity, a year earlier than planned, Energy and Climate Change Minister Anne-Marie Trevelyan announced yesterday (Wednesday 30 June 2021).
 
The move is part of ambitious government commitments to transition away from fossil fuels and decarbonise the power sector in order to eliminate contributions to climate change by 2050. Yesterday’s announcement confirms the intention set out by the Prime Minister last year to bring forward the deadline to end unabated coal-fired electricity generation.
 
This brings forward the deadline to phase out coal from Great Britain’s energy system by a whole year, highlighting the UK’s leadership to go further and faster in driving down emissions and lead by example in tackling climate change ahead of hosting the 2021 United Nations Climate Change Conference (COP26) summit in Glasgow this November. The UK is similarly calling on all nations to accelerate the phase out of coal power.
 
The UK government will introduce new legislation to do this at the earliest opportunity.
 
Coal is one of the most carbon intensive fossil fuels and responsible for harmful air pollution. By eliminating its use in electricity generation, the UK can make sure it plays a critical role in limiting global temperature rise to 1.5 degrees – a key aim of its COP26 presidency.
 
The UK has made huge progress in reducing the use of coal across the power sector, with coal accounting for only 1.8% of the UK’s electricity mix in 2020, compared with 40% almost decade ago.
 
The announcement comes ahead of Energy and Climate Change Minister Anne-Marie Trevelyan speaking at the Powering Past Coal Alliance (PPCA) Europe Roundtable yesterday on the importance of countries phasing out coal, and new members of the Alliance, as part of London Climate Action Week. The UK government has already ended its support for the fossil fuel energy sector overseas earlier this year.
 
Energy and Climate Change Minister Anne-Marie Trevelyan said:
 
• Coal powered the industrial revolution 200 years ago, but now is the time for radical action to completely eliminate this dirty fuel from our energy system.
 
• Today we’re sending a clear signal around the world that the UK is leading the way in consigning coal power to the history books and that we’re serious about decarbonising our power system so we can meet our ambitious, world-leading climate targets.
 
• The UK’s net zero future will be powered by renewables, and it is this technology that will drive the green industrial revolution and create new jobs across the country.
 
The UK went 5,000 hours without coal-fired electricity in 2020, and earlier this year broke a new wind power record, with just over a third of the country’s energy coming from wind. The rise in the use of renewables thanks to competition, free enterprise and government incentives to kick start new technologies has in turn helped to drive down the cost of green energy, with coal power now more expensive in most countries.
 
As one of the first countries to commit to ending coal power combined with its significant success in driving up renewables, the UK is leading the world in moving away from fossil fuels and significantly decarbonising its energy system.
 
Through its COP26 presidency, the UK government is urging nations to follow its example and abandon coal power for good. In May, under the UK’s leadership, G7 Climate and Environment Ministers agreed to end all new finance for coal power by the end of 2021 and to accelerate the transition away from unabated coal capacity and to an overwhelmingly decarbonised power system in the 2030s.
 
COP26 President-Designate, Alok Sharma, said:
 
• The next decade will be make, or break, for our planet and the most powerful way we can make a difference is to end our reliance on coal.
 
• Ahead of COP26, I hope the UK’s decisive step towards a cleaner, greener future sends 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.
 
A top priority of the UK COP26 Presidency is to accelerate the global transition from coal to clean energy. The UK government is asking governments to set coal phase out dates and end overseas coal investments, and has set up the Energy Transition Council to bring together partners to ensure that clean power is the most attractive option for developing countries and to support just transitions.
 
Additional information
 
Read the Impact Assessment published alongside the government’s consultation on bringing forward the date to end coal generated electricity. The assessment examined potential indirect impacts on coal mines from the phasing out of coal for electricity generation. The analysis indicated that setting a closure date of either 2025 or 2024 is unlikely to have a significant impact on the UK coal mining sector. This is predominantly due to the fact that coal mining in the UK has already been in decline in recent years, reflecting a competitive global market and falling domestic demand
 
On 18 September 2017, following a consultation in November 2016, the government confirmed that it would proceed with action to regulate the closure of unabated coal power generation units in Great Britain by 1 October 2025.
 
On 4 February 2020, the Prime Minister announced an intention to bring forward the deadline for phasing out unabated coal generation to 1 October 2024. The government ran a consultation from 14 December 2020 to 26 February 2021 seeking views on proposals to achieve this objective.
 
For the first time ever, in March this year coal-fired power plants did not participate in the four-year ahead Capacity Market auction, which secures the electricity capacity Great Britain needs to cope with peaks in demand in 2024 to 2025 at a low cost to consumers. Going forward, coal power plants will not be able participate in any future Capacity Market auctions due to the introduction of Emissions Limits to the Capacity Market.
 
This policy only applies to coal used to generate electricity. It does not apply to other coal consumers such as the steel industry, nor to domestic coal mines.
 
In 2020, the UK generated 43.1% of its electricity from renewable sources, including wind (24.2%), bioenergy (12.6%), solar (4.2%), and hydro (2.2%). Coal only consisted of 1.8 % of the year’s electricity generation, and nuclear generation made up a further 16.1%.
 
In 2012, coal accounted for 40% of the UK’s power generation, dropping dramatically to only 1.8% in 2020. Ending unabated coal generation in 2024 will mean that we will have reduced it from almost a third of our electricity supply to zero in the space of just 10 years.
Source: Department for Business, Energy & Industrial Strategy


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 28 April 21
MARKET INSIGHT - INTERMODAL
Despite the current challenges as a result of the global pandemic, 2021 is turning out to be a landmark year for the iron ore market with spot pric ...


Monday, 26 April 21
CHINA TO FURTHER CUT COAL USE IN 2021 - XINHUA
China aims to reduce the share of coal in its energy mix to less than 56% this year, according to a guideline released by the National Energy Admin ...


Wednesday, 21 April 21
COAL FINANCING COSTS HAVE SURGED IN PAST 10 YEARS - UNIVERSITY OF OXFORD - THE GUARDIAN
Coal financing costs have surged over the last decade as investors demand returns four times as high as the payoff required from renewable energy p ...


Tuesday, 20 April 21
US DOLLAR LIBOR TRANSITION IN ASSET FINANCE - WHERE ARE WE NOW? - WATSON FARLEY & WILLIAMS
Since our last article, there has been a raft of regulatory and market body announcements relating to the transition away from LIBOR and the follow ...


Sunday, 18 April 21
INDONESIA LIKELY TO WITNESS 119 OIL AND GAS PROJECTS STARTS ACROSS VALUE CHAIN BY 2025, SAYS GLOBALDATA
Indonesia is expected to witness 119 oil and gas projects commencing their operations across value chain during 2021-2025, accounting for 6% of the ...


   117 118 119 120 121   
Showing 591 to 595 news of total 6871
News by Category
Popular News
 
Total Members : 28,704
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bank of China, Malaysia
  • PetroVietnam Power Coal Import and Supply Company
  • Ministry of Finance - Indonesia
  • RBS Sempra - UK
  • Thiess Contractors Indonesia
  • Fearnleys - India
  • OCBC - Singapore
  • Panama Canal Authority
  • Karaikal Port Pvt Ltd - India
  • Indonesia Power. PT
  • Inspectorate - India
  • Berau Coal - Indonesia
  • globalCOAL - UK
  • Wood Mackenzie - Singapore
  • J M Baxi & Co - India
  • Bukit Makmur.PT - Indonesia
  • Asian Development Bank
  • Coastal Gujarat Power Limited - India
  • Essar Steel Hazira Ltd - India
  • TRAFIGURA, South Korea
  • SN Aboitiz Power Inc, Philippines
  • Barasentosa Lestari - Indonesia
  • The India Cements Ltd
  • TNPL - India
  • KOWEPO - South Korea
  • Vitol - Bahrain
  • Bulk Trading Sa - Switzerland
  • Thailand Anthracite
  • Tata Chemicals Ltd - India
  • JPMorgan - India
  • Eastern Coal Council - USA
  • Idemitsu - Japan
  • Commonwealth Bank - Australia
  • Renaissance Capital - South Africa
  • DBS Bank - Singapore
  • ETA - Dubai
  • Timah Investasi Mineral - Indoneisa
  • Deutsche Bank - India
  • Goldman Sachs - Singapore
  • Aditya Birla Group - India
  • Shenhua Group - China
  • Krishnapatnam Port Company Ltd. - India
  • IMC Shipping - Singapore
  • SMC Global Power, Philippines
  • Siam City Cement PLC, Thailand
  • PNOC Exploration Corporation - Philippines
  • Gujarat Mineral Development Corp Ltd - India
  • GB Group - China
  • Pendopo Energi Batubara - Indonesia
  • Permata Bank - Indonesia
  • Mintek Dendrill Indonesia
  • Jindal Steel & Power Ltd - India
  • Asia Cement - Taiwan
  • Videocon Industries ltd - India
  • Holcim Trading Pte Ltd - Singapore
  • Eastern Energy - Thailand
  • Global Coal Blending Company Limited - Australia
  • Bukit Baiduri Energy - Indonesia
  • CESC Limited - India
  • SUEK AG - Indonesia
  • Inco-Indonesia
  • Parry Sugars Refinery, India
  • Formosa Plastics Group - Taiwan
  • Global Green Power PLC Corporation, Philippines
  • Medco Energi Mining Internasional
  • McKinsey & Co - India
  • New Zealand Coal & Carbon
  • Merrill Lynch Commodities Europe
  • Simpson Spence & Young - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • U S Energy Resources
  • Anglo American - United Kingdom
  • Sojitz Corporation - Japan
  • Bank of America
  • Neyveli Lignite Corporation Ltd, - India
  • Therma Luzon, Inc, Philippines
  • Vale Mozambique
  • Bhatia International Limited - India
  • Banpu Public Company Limited - Thailand
  • Reliance Power - India
  • MS Steel International - UAE
  • Geoservices-GeoAssay Lab
  • Mechel - Russia
  • Uttam Galva Steels Limited - India
  • ACC Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Britmindo - Indonesia
  • Port Waratah Coal Services - Australia
  • Rashtriya Ispat Nigam Limited - India
  • Cosco
  • Australian Coal Association
  • IOL Indonesia
  • Wilmar Investment Holdings
  • Latin American Coal - Colombia
  • Kobe Steel Ltd - Japan
  • Ceylon Electricity Board - Sri Lanka
  • Siam City Cement - Thailand
  • Noble Europe Ltd - UK
  • Bharathi Cement Corporation - India
  • Indian Oil Corporation Limited
  • Metalloyd Limited - United Kingdom
  • Bhoruka Overseas - Indonesia
  • Maersk Broker
  • Indian School of Mines
  • Agrawal Coal Company - India
  • ANZ Bank - Australia
  • UOB Asia (HK) Ltd
  • ICICI Bank Limited - India
  • Star Paper Mills Limited - India
  • GVK Power & Infra Limited - India
  • Binh Thuan Hamico - Vietnam
  • Straits Asia Resources Limited - Singapore
  • Ince & co LLP
  • Savvy Resources Ltd - HongKong
  • Kumho Petrochemical, South Korea
  • Indonesian Coal Mining Association
  • Karbindo Abesyapradhi - Indoneisa
  • Orica Mining Services - Indonesia
  • Malco - India
  • PTC India Limited - India
  • Moodys - Singapore
  • Kaltim Prima Coal - Indonesia
  • McConnell Dowell - Australia
  • NALCO India
  • Dalmia Cement Bharat India
  • Bahari Cakrawala Sebuku - Indonesia
  • Maruti Cements - India
  • Adaro Indonesia
  • Cemex - Philippines
  • Cebu Energy, Philippines
  • Xindia Steels Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Coal India Limited
  • PLN Batubara - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Posco Energy - South Korea
  • Platou - Singapore
  • KPCL - India
  • Coal and Oil Company - UAE
  • Gujarat Electricity Regulatory Commission - India
  • Ministry of Transport, Egypt
  • Vijayanagar Sugar Pvt Ltd - India
  • Directorate General of MIneral and Coal - Indonesia
  • Standard Chartered Bank - UAE
  • Clarksons - UK
  • Coaltrans Conferences
  • PowerSource Philippines DevCo
  • Runge Indonesia
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • SRK Consulting
  • Platts
  • Thermax Limited - India
  • Mitsubishi Corporation
  • Petrochimia International Co. Ltd.- Taiwan
  • Intertek Mineral Services - Indonesia
  • Georgia Ports Authority, United States
  • GN Power Mariveles Coal Plant, Philippines
  • Makarim & Taira - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Samtan Co., Ltd - South Korea
  • TeaM Sual Corporation - Philippines
  • SGS (Thailand) Limited
  • Economic Council, Georgia
  • Semirara Mining and Power Corporation, Philippines
  • Directorate Of Revenue Intelligence - India
  • Cargill India Pvt Ltd
  • Mercuria Energy - Indonesia
  • Gupta Coal India Ltd
  • Central Java Power - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Meenaskhi Energy Private Limited - India
  • Japan Coal Energy Center
  • Manunggal Multi Energi - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Global Business Power Corporation, Philippines
  • PLN - Indonesia
  • Kartika Selabumi Mining - Indonesia
  • Edison Trading Spa - Italy
  • CIMB Investment Bank - Malaysia
  • TNB Fuel Sdn Bhd - Malaysia
  • Deloitte Consulting - India
  • Tata Power - India
  • Freeport Indonesia
  • Australian Commodity Traders Exchange
  • Chettinad Cement Corporation Ltd - India
  • Interocean Group of Companies - India
  • Shree Cement - India
  • CNBM International Corporation - China
  • Cement Manufacturers Association - India
  • Indorama - Singapore
  • Africa Commodities Group - South Africa
  • Core Mineral Indonesia
  • LBH Netherlands Bv - Netherlands
  • ING Bank NV - Singapore
  • SASOL - South Africa
  • Adani Power Ltd - India
  • bp singapore
  • Enel Italy
  • PetroVietnam
  • Orica Australia Pty. Ltd.
  • GMR Energy Limited - India
  • GNFC Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • SMG Consultants - Indonesia
  • Bukit Asam (Persero) Tbk - Indonesia
  • Toyota Tsusho Corporation, Japan
  • Sakthi Sugars Limited - India
  • Credit Suisse - India
  • Marubeni Corporation - India
  • Madhucon Powers Ltd - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • European Bulk Services B.V. - Netherlands
  • Thomson Reuters GRC
  • Indika Energy - Indonesia
  • International Coal Ventures Pvt Ltd - India
  • IEA Clean Coal Centre - UK
  • KEPCO - South Korea
  • Merrill Lynch Bank
  • Power Finance Corporation Ltd., India
  • Kapuas Tunggal Persada - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Salva Resources Pvt Ltd - India
  • Romanian Commodities Exchange
  • Kepco SPC Power Corporation, Philippines
  • Sucofindo - Indonesia
  • Petrosea - Indonesia
  • Tamil Nadu electricity Board
  • Aboitiz Power Corporation - Philippines
  • Borneo Indobara - Indonesia
  • Indian Energy Exchange, India
  • Miang Besar Coal Terminal - Indonesia
  • MEC Coal - Indonesia
  • Heidelberg Cement - Germany
  • London Commodity Brokers - England
  • Bayan Resources Tbk. - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • KPMG - USA
  • Coeclerici Indonesia
  • Mitra SK Pvt Ltd - India
  • EMO - The Netherlands
  • Coalindo Energy - Indonesia
  • The State Trading Corporation of India Ltd
  • Lafarge - France
  • Larsen & Toubro Limited - India
  • Kohat Cement Company Ltd. - Pakistan
  • White Energy Company Limited
  • Cardiff University - UK
  • Indo Tambangraya Megah - Indonesia
  • EIA - United States
  • Bangkok Bank PCL
  • Asmin Koalindo Tuhup - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Vizag Seaport Private Limited - India
  • JPower - Japan
  • Malabar Cements Ltd - India
  • Xstrata Coal
  • Parliament of New Zealand
  • Attock Cement Pakistan Limited
  • Surastha Cement
  • Bangladesh Power Developement Board
  • Bhushan Steel Limited - India
  • Gresik Semen - Indonesia
  • Semirara Mining Corp, Philippines
  • Kideco Jaya Agung - Indonesia
  • Energy Development Corp, Philippines
  • Meralco Power Generation, Philippines
  • Globalindo Alam Lestari - Indonesia
  • Jaiprakash Power Ventures ltd
  • Ind-Barath Power Infra Limited - India
  • TANGEDCO India
  • Antam Resourcindo - Indonesia
  • Arch Coal - USA
  • Energy Link Ltd, New Zealand
  • Chamber of Mines of South Africa
  • BNP Paribas - Singapore
  • CCIC - Indonesia
  • Maybank - Singapore
  • Peabody Energy - USA
  • NTPC Limited - India
  • Jorong Barutama Greston.PT - Indonesia
  • Coal Orbis AG
  • Baramulti Group, Indonesia
  • Minerals Council of Australia
  • CoalTek, United States
  • GHCL Limited - India
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Thai Mozambique Logistica
  • IBC Asia (S) Pte Ltd
  • Russian Coal LLC
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Rudhra Energy - India
  • Sical Logistics Limited - India
  • Jatenergy - Australia
  • Price Waterhouse Coopers - Russia
  • Oldendorff Carriers - Singapore
  • Indogreen Group - Indonesia
  • Ambuja Cements Ltd - India
  • VISA Power Limited - India
  • Riau Bara Harum - Indonesia
  • South Luzon Thermal Energy Corporation
  • UBS Singapore
  • Argus Media - Singapore
  • Electricity Generating Authority of Thailand
  • Pinang Coal Indonesia
  • Samsung - South Korea
  • Singapore Mercantile Exchange
  • Rio Tinto Coal - Australia
  • Central Electricity Authority - India
  • Barclays Capital - USA
  • Trasteel International SA, Italy
  • HSBC - Hong Kong
  • Ministry of Mines - Canada
  • Humpuss - Indonesia
  • Electricity Authority, New Zealand
  • Mitsui
  • Sarangani Energy Corporation, Philippines
  • WorleyParsons
  • Sinarmas Energy and Mining - Indonesia
  • Qatrana Cement - Jordan
  • Grasim Industreis Ltd - India
  • Ernst & Young Pvt. Ltd.
  • BRS Brokers - Singapore
  • India Bulls Power Limited - India
  • Infraline Energy - India
  • Arutmin Indonesia
  • Glencore India Pvt. Ltd
  • GAC Shipping (India) Pvt Ltd
  • Total Coal South Africa
  • The University of Queensland
  • TGV SRAAC LIMITED, India
  • Lanco Infratech Ltd - India
  • World Bank
  • Carbofer General Trading SA - India
  • Sindya Power Generating Company Private Ltd
  • ASAPP Information Group - India
  • Thriveni
  • Gujarat Sidhee Cement - India
  • Petron Corporation, Philippines
  • Vedanta Resources Plc - India
  • Mjunction Services Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • The Treasury - Australian Government
  • San Jose City I Power Corp, Philippines
  • APGENCO India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Cigading International Bulk Terminal - Indonesia
  • Independent Power Producers Association of India
  • Mercator Lines Limited - India
  • Planning Commission, India
  • World Coal - UK
  • Tanito Harum - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Altura Mining Limited, Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore