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June 10, 2021

Coal

China considers price controls on surging coal market – Bloomberg

Reuters
A coal-burning power plant can be seen behind a factory in the city of Baotou, in China’s Inner Mongolia Autonomous Region, October 31, 2010. REUTERS/David Gray China is considering imposing a cap on the price of thermal coal as it struggles to contain high energy costs ahead of peak demand......

Two dead, six missing after accident at central China coal plant – state media

Reuters
Two people died and six were missing after an accident in a coal mine in central China, state broadcaster CCTV reported on Saturday. The “accidental outburst” occurred at a coal mine run by Henan Hebi Coal and Electricity Co in the late afternoon on Friday, and the authorities in Henan......

In climate push, G7 agrees to stop international funding for coal

Reuters
Heavy equipment excavate anthracite coal from a strip mine in New Castle, Pennsylvania, U.S., July 13, 2020. Picture taken July 13, 2020. REUTERS/Dane Rhys/File Photo The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year,......

End new oil, gas and coal funding to reach net zero, says IEA

Reuters
Investors should not fund new oil, gas and coal supply projects if the world wants to reach net zero emissions by mid-century, the International Energy Agency (IEA) said on Tuesday, in the top global watchdog’s starkest warning yet to curb fossil fuels. Any abrupt halt to new oil and gas......

Merkel rejects bringing forward Germany’s exit from coal

Reuters
German Chancellor Angela Merkel in Berlin, Germany May 8, 2021. John MacDougall/Pool via REUTERS German Chancellor Angela Merkel on Saturday rejected demands to bring forward an exit date for ending coal generation in Germany, currently set at 2038. read more “Those affected need some reliability on the path to climate......

China has ‘no other choice’ but to rely on coal power for now, official says

CNBC
CNBC – For more and to sign up click here A coal fired power plant in Jiayuguan, Gansu province, China, on Thursday, April 1, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — China has ambitious goals for cutting its carbon emissions, but it won’t be abandoning coal power......

China could save $1.6 trillion by replacing coal with clean energy, report finds

CNBC
CNBC – For more and to sign up click here China could stand to benefit economically if it can successfully replace coal with renewable energy, according to a report by financial analytics company TransitionZero. The study looked at the costs, or savings, that the Chinese government would incur if it......

A coal miners union indicates it will accept a switch to renewable energy in exchange for jobs.

@BreaknNews
The country’s largest mine workers union signaled on Monday that it would accept a transition away from fossil fuels in exchange for new jobs in renewable energy, spending on technology to make coal cleaner and financial aid for miners who lose their jobs. “There needs to be a tremendous investment......

Biden takes on Democrats’ ‘Mission Impossible’: Revitalizing coal country

Politico
Politico.com – For more and to sign up click here Biden teased some of these concepts in his $2.2 trillion infrastructure package, including tying labor standards to tax credits for renewable energy, directing money to union-run apprenticeships, targeting economic development grants to former mining towns and using overlooked programs to......

China generated over half world’s coal-fired power in 2020: study

Reuters
SHANGHAI (Reuters) – China generated 53% of the world’s total coal-fired power in 2020, nine percentage points more that five years earlier, despite climate pledges and the building of hundreds of renewable energy plants, a global data study showed on Monday. Although China added a record 71.7 gigawatts (GW) of......

UPDATE 1-Flooding stops Australian coal rail deliveries to Newcastle port

Reuters
(Adds details of port, background) MELBOURNE, March 22 (Reuters) – Australia’s Hunter Valley coal rail lines have been shut due to flooding in the state of New South Wales, the Australian Rail Track Corp said on Monday, halting deliveries into the port of Newcastle, the world’s biggest coal export port.......

The Rock Standing in the Way of China’s Climate Ambitions: Coal

@BreaknNews
Xi Jinping, China’s top leader, has promoted an uplifting vision for growth increasingly freed from greenhouse gas pollution, but turning that plan into action is already proving contentious. The big issue is coal. Mr. Xi’s climate-saving ambitions are a pillar of a plan for the country’s post-pandemic ascent that was......

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