BRUSSELS/OSLO—The European Union will temporarily shift back to coal to cope with dwindling Russian gas flows without derailing longer term climate goals, an EU official said on Wednesday as a tight gas market and soaring prices set off a race for alternative fuels. European leaders have rounded on Russia as flows through its Nord Stream…
EU Signals Shift to Coal, Accuses Russia of ‘Rogue Moves’ on Gas
June 23, 2022
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‘No New Investment in Fossil Fuel Expansion’: UN Chief
May 9, 2022
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Antonio Guterres, current head of the United Nations and former president of Socialist International, has asserted there must be “no new investment in fossil fuel expansion” and that private finance must totally divest from coal. “For too long, the financial services sector has enabled the world’s fossil fuel addiction. It is now time for financial…
Green Agenda Moves Forward in Utah, Coal Plants Prepare to Close
Within the arid landscape of Delta, Utah, the state’s largest coal-fired power plant is winding down toward retirement. The Intermountain Power Agency is moving forward with plans to transition the facility into a natural gas-green hydrogen plant by 2025. Utah has 22 coal units, 14 of which are scheduled for closure by 2030. From those…
The Greens Party’s Hypocritical Infatuation With Climate Change and Beijing
Commentary The Greens Party’s election policies are succinctly discussed on its official website. The available information enables commentators and potential members to ascertain the views of the Greens with regard to various issues, including what is called the climate change “crisis” and its relationship with Beijing. With regards to climate change, the Greens promise that:…
New Modelling Suggests Australian Coal Exports to China Could Take a Dive
April 24, 2022
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A study by the Australian National University (ANU) of China’s moves toward the decarbonisation of its economy has noted there is a potential for Beijing’s demand for coal imports, including from Australia, to fall substantially by 2025. Energy economist and lead author of the study, Jorrit Gosens, said that the modelling indicates major coal exporters such…
At World Bank Climate Talk, Speaker Floats End of Conventional Vehicle Sales
April 21, 2022
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In remarks to the World Bank’s “Financing Climate Action” event on April 21, Baron Nicholas Stern, one of the world’s most influential climate economists, spoke about what he sees as necessary global actions on climate change, including on the sale of conventional internal combustion engine (ICE) vehicles. “The right kind of policies have to be…
EU Countries Hunt for Global Coal Stocks as Russian Ban Looms
April 6, 2022
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LONDON—European buyers are increasing shipments of coal from across the globe against a backdrop of a proposed European Union ban on Russian imports and the scramble to relieve tight gas supplies, according to data and shipping sources. The European Commission on Tuesday proposed new sanctions against Moscow over its invasion of Ukraine, including a ban…
Australian Coal Exports Forecasted to Break Records Amid Global Energy Scramble
April 5, 2022
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Australian coal exports are expected to surpass a record $100 billion (US$76 billion) for the 2021-22 financial year, according to the government’s latest Resources and Energy quarterly report. On the back of spiking demand and prices for both metallurgical and thermal coal, the value of Australian coal exports will peak at above $105 billion before…
India Rejects Adani Bids to Supply Imported Coal Over ‘High Prices’
India’s Andhra Pradesh state has canceled two bids from Adani Enterprises Ltd. for tenders to supply imported coal due to the high coal prices, despite the company being the sole bidder for one of the tenders, government officials said April 3. The officials, who spoke on the condition of anonymity, told Reuters that Adani offered…
$760 Million Battery Approved to Support Coal Plant Shutdown in Australia
New South Wales (NSW) has given the go-ahead for Australia’s biggest battery to help replace the Liddell coal-fired power station after its retirement. AGL Energy, Australia’s biggest electricity provider, is retiring the 1,680 MW (megawatt) coal plant due to its age, with the 50-year-old power station reaching the end of its operational lifespan. The first…
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