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Financial Times: President Donald Trump has pledged to “put our miners back to work” in the US, promising to return high-paying jobs to rundown rural areas of states such as Pennsylvania that brought him victory in last year’s election. Trends in coal markets, both in the US and internationally, suggest that will be an uphill battle. In 2013, […]
Sara Jane Ahmed
A Corrective Policy Aimed at Offsetting the External Costs of Dirty Power Generation; Indian and South Korea Have Already Set the Bar
Debate has picked up this week in the Philippines over proposals to enact a tax on imported coal as one of several ways to support a national public-investment initiative. Lawmakers are suggesting a levy of up to $20 a ton on coal brought into the Philippines, a country that relies heavily on coal-fired generation for […]
Energy Information Administration: Through 2040, the IEO2017 projects increased world consumption of marketed energy from all fuel sources, except for coal demand, which is projected to remain essentially flat. Renewables are expected to be the fastest-growing energy source, with consumption increasing by an average 2.3% per year between 2015 and 2040. The world’s second fastest-growing […]
Scientific American: Zollverein is a symbol of Germany’s transition away from fossil fuels toward renewable energy—a program called the Energiewende that aims to have 80 percent of the country’s energy generated from renewables by 2050. That program has transformed Germany into a global poster child for green energy. But what does the transition mean for […]
Billings Gazette: “Certainly what we’ve seen is an increase in our sales to our Asia customers primarily in South Korea and Japan,” said Rick Curtsinger, Cloud Peak Energy spokesman. “Last year by the end of the second quarter, we had shipped 200,000 tons of coal to our Asia customers. This year as of June 30, […]
Wall Street Journal: China pumps out machinery, cellphones and smog, but it runs on coal. It is by far the largest burner of the black stuff so, when Chinese factories start slowing down, it is usually time to sell your coal stocks. A sharp economic reversal in China this year remains unlikely, but July data […]
The Australian: Yancoal Australia’s $US2.35 billion ($3bn) equity raising has met with next to no interest from institutional and retail shareholders, leaving its underwriters and Chinese backers on the hook for almost the entire amount. Yancoal, which needed the cash to complete its acquisition of Rio Tinto’s Coal & Allied business in NSW, only attracted […]
Wall Street Journal: China’s reemergence as a coal importer has boosted the fortunes of U.S. producers who are now shipping more coal abroad than any time in the last two years. The trend has helped solidify a business that at the beginning of last year was suffering through a spate of bankruptcies and threatened with […]
The Guardian: For a glimpse into the future of coal power in Australia, go west. The country’s last major investment in coal-fired electricity was in Western Australia in 2009, when Colin Barnett’s state government announced a major refurbishment of the Muja AB station about 200km south of Perth, far from the gaze of the east […]
Bloomberg Businessweek: U.S. electricity demand has stopped growing over the past decade, partly due to recession but more a reflection of structural changes in the economy and rising efficiency. Its tough to make the economics of a new nuclear or coal-fired plant work. By the time they are permitted and built, it can be many […]
IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On
New Coal Mine Makes Even Less Sense than It Did Last Year; Hume Will Find it Hard to Compete with Higher-Quality Coking CoalDespite the significant increase in coking coal prices that began in late 2016, the proposed Hume Coal project in the Southern Highlands of New South Wales seems no more likely to proceed now than it did when IEEFA reviewed it ten months ago. Hume Coal, a subsidiary of South Korea’s largest steel maker POSCO, has […]