Latest news
IEA: Coal demand will continue to grow in the next years to come
According to a new report recently released by the International Energy Agency (IEA) coal could become the world's top energy source by 2017 along with oil. The IEA expects an increase in coal demand all over the world except the US, where natural gas is replacing the black mineral as feedstock for the production of electricity.
read more... 09/08/2013
Germany’s CO2 emissions set to increase for a second year
Germany is likely to increase its carbon emissions by 1.5% in comparison to 2012 levels due to a major consumption of coal. Coal is the most polluting fossil fuel and is responsible for contributing to global warming. Following the opening of two new coal power stations in 2012, six more are expected to open this year, with a total capacity of 5800MW.
read more... 30/07/2013
UK: Last year coal represented one third of energy generation
According to figures from DECC, last year coal accounted 39% of the country's total generation registering a 10% increase in comparison to 2011 levels.
read more... 26/07/2013
Daily: European coal prices boost on Colombian miners’ strike
Crude oil prices dropped on Wednesday, dragged down by pessimistic data from China, with U.S. crude declining more harshly than Brent late in the session as traders took profits on the spread difference between two contracts. Brent crude edged $1.23 down on Wednesday to settle at $107.19 a barrel. U.S. WTI crude lost $1.84 to settle at $105.39, after closing 29 cents higher. Brent's premium to U.S. oil futures diminished to 56 cents in early European trade, then broadened in the U.S. afternoon, settling at $1.80.
read more... 25/07/2013
World Bank to limit financing coal- fired power plants in the future
The World Bank has announced it will help countries to seek alternatives to coal power and will stop funding for new coal power generation projects. Jim Yong Kim, the President of the World Bank has always stressed the need to mitigate the impacts of climate change, making it a main concern for the Bank itself and for its five main organizations which are offering loans and grants to poor and emergent countries worldwide.
read more... 23/07/2013