You are here: Home » Subject » Global Coal Markets
Global Coal Markets
More News and Commentary
IEEFA
Reuters: BRISBANE—Coal miners supplying Asia’s rapidly growing economies have plenty to be optimistic about as prices and demand appear robust, but they should be wary of getting caught up in the positive feedback loop that nearly destroyed them before. This week’s inaugural Energy Mines and Money conference in Brisbane, the heartland of the industry in […]
IEEFA
PV Magazine: In its 2018 New Energy Outlook, Bloomberg New Energy Finance (BNEF) sees skyrocketing growth in the global solar and wind energy markets up to 2050. Overall, it anticipates that solar and wind will account for nearly half of global electricity generation by this date, driven by “precipitous” cost reductions–leading to levelized costs of […]
Gerard Wynn
Utility company’s actions contradict its stated intent to change
The extreme case of Poland’s largest utility, PGE, shows how Europe’s more coal-intensive power companies are struggling to turn away from fossil fuels. Headwinds facing fossil fuel electricity generation in Europe include the global transition toward low-carbon energy sources, pressure on investors to align their investments accordingly, and environmental advocacy opposing bank financing of coal […]
IEEFA
Reuters: LONDON—Global greenhouse gas emissions began rising again last year as the first pick-up in coal burning since 2013 overshadowed a record expansion in renewable energy, a BP report said. Energy demand accelerated in 2017 by 2.2 percent, but a 17 percent gain in clean power such as solar and wind did little to offset […]
IEEFA
VN Express International: Nation can save $7 billion in coal imports and reduce carbon dioxide emissions by 116 million tons each year, experts say. Vietnam should remove 25 coal power plants from its post-2020 energy master plan, prevent massive environmental pollution and save a lot of money, experts say. At a conference on energy conservation […]
Melissa Brown
How Much Will the Government Be Willing to Subsidize PLN?
Last week was good to PLN, Indonesia’s state owner power company. Despite chaotic emerging bond markets, which had punished the rupiah and pushed yields on Indonesian bonds higher, PLN was able to paddle safely to shore with a successful US$2 billion bond issue. Flexibility was the key to getting the financing done. With guidance from […]
IEEFA
Sydney Morning Herald: The $5 billion-plus Terminal 4 coal export expansion planned for Newcastle has been scrapped after demand for the fossil fuel failed to increase as expected. Port Waratah Coal Services said on Thursday that it would allow a lease for the terminal – known as T4 – to lapse, signalling that the project […]
IEEFA
The Guardian: Royal Bank of Scotland will no longer fund Arctic oil projects and has pledged to cut lending to firms profiting largely from coal as part of an updated energy policy. The changes cover the mining, power and oil and gas sectors and are aimed at taking a tougher line on climate change. They […]
IEEFA
The Guardian: The energy minister, Josh Frydenberg, has called on AGL Energy to make a financial commitment to its transition plan after the company rejected a bid from Alinta for the ageing Liddell power plant, and confirmed it will shut the facility as planned in 2022. In a decision delivering a public rebuke to the […]
IEEFA
Reuters: FRANKFURT—Germany could reduce its coal-fired power generation capacity by half in the coming years if planned grid expansion and the addition of new gas-fired plants come online on schedule, the head of its energy regulator said. “Half of coal-fired power plant capacity can disappear by 2030 without any risk to supply,” Jochen Homann, president […]
IEEFA Indonesia: Coal-Centric State Utility Will Likely Raise Rates by 2020
‘New Level of Risk’ Seen in Investing in Outdated Power GenerationMay 14, 2018 (IEEFA) — Indonesia’s state-owned utility may raise electricity tariffs to offset its growing costs, concludes an investment-research memo published today by the Institute for Energy Economics and Financial Analysis. The memo—“PLN’s Coal IPP Funding Gap Suggests Tariffs Must Rise in 2020”—comes as the utility plans to bring a more than $1 billion debt […]