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By Colleen Howe BEIJING, Aug 21 (Reuters) – China, the world’s largest builder of coal-fired power stations, cut the number of permits for new plants by nearly 80% in the first half of 2024, an environmental group report finds, saying time would tell whether it was a turning point. The Greenpeace East Asia report, based …
China Has Cut New Coal Power Plant Permits by Nearly 80%, Greenpeace Says Read More »
By Sourasis Bose Deal creates one of the largest US coal companies Combined company to export bulk of production to Asia Arch stockholders to own about 45% of combined company Consol shareholders to own rest Aug 21 (Reuters) – Arch Resources (ARCH.N) will merge with Consol Energy (CEIX.N) in an all-stock deal to create a …
Consol Energy, Arch Resources Strike Merger Deal to Create $5 Billion Coal Mining Giant Read More »
There’s little doubt that avoiding the most dire effects of climate change requires phasing out power stations that burn coal, the biggest source of carbon dioxide emissions. Yet the opposite is happening. Even as temperatures on Earth smash new records and scientists warn the climate is reaching dangerous tipping points, the amount of coal being …
We’re Burning More Climate-Warming Coal Than Ever. Why? Read More »
(Reuters) – Global electricity demand is set to grow at its fastest pace in nearly 20 years this year, spurred by increasing demand for air conditioning as temperatures rise, the International Energy Agency (IEA) said in a report on Friday. The trend, expected to continue into 2025, will support ongoing use of coal power, even …
Rising Cooling Demand to Keep Coal Plants Online This Year, IEA Says Read More »
(Reuters) – Major Chinese asset managers have billions of dollars invested in fossil fuels with no plans for a phase out, a new Greenpeace report said. The environmental organisation’s analysis of 16 major Chinese asset managers released on Thursday said that they have invested a combined 267.2 billion yuan ($36.79 billion) in high-carbon sectors and …
Major Chinese Asset Managers Have No Plans to Phase Out Fossil Fuel Investments Read More »
(Reuters) – More than 800 coal-fired power plants in emerging countries could be decommissioned and profitably replaced by cleaner solar energy starting from the end of the decade, research on Monday showed. Though only a tenth of existing coal plants are scheduled to shut down by 2030, more could close if efforts are made to …
Summary Proposal would restrict private finance for new coal plants Aims to increase finance to retire existing plants early OECD countries considering proposal, want deal by COP29 Backers include France, U.S., UK. Japan pushes back (Reuters) – Some of the world’s major economies want to finalise a plan ahead of this year’s U.N. climate summit …
Major World Economies Seek to Halt New Private Sector Coal Financing Read More »
Bloomberg Australia’s leaders like to portray the nation as a trailblazer in the energy transition, touting a solar buildout that has installed panels on almost one in three rooftops and rapid growth in battery storage. The more valuable lesson, though, may be in its struggle with coal. Eraring, the country’s largest power plant, burns through as much as 6 million …
Coal’s Australian Reprieve Is an Energy Transition Reality Check Read More »
The Dog Ate Japan’s Plan to Phase Out Coal Power By David Fickling David Fickling is a Bloomberg Opinion columnist covering climate change and energy. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times. With blistering speed, the rich countries that built their wealth on coal-powered industrialization are turning their …
Italy is pushing for an agreement among the Group of Seven wealthy nations to set a target date for the phase-out of coal in power generation, diplomatic sources said ahead of a meeting of G7 energy ministers in Turin. An agreement on this would be one step in the direction indicated by the COP28 United …
Italy Pushes G7 For Coal Phase-Out Date Ahead of Energy Meeting, Sources say Read More »
