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How much will it cost to wean Indonesia off coal? This is a pressing question for world leaders and climate policy-makers around the world in the lead-up to this year’s COP27 climate summit, set to take place in Sharm el-Sheikh, Egypt this November. Just before the summit, in which the world’s premier politicians, scientists, policymakers,…
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Global coal-fired power generation reached a record-high level in 2023, per data from environmental think tank Ember reported by Reuters columnist Gavin Maguire. As countries, especially in Asia, looked to meet growing electricity demand and ensure their energy security, coal use in power generation hit record highs. Per Ember data, global electricity generation from coal…
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In October, Ukraine imports have been almost brought to a halt after falling to nearly 50 thousand t of coal (-1.48 mio t or -96.8% y-o-y). Total imports of coal, including anthracite, in January-October 2022, plunged to 4.5 mio t (-11.6 mio t or -71.7% y-o-y). The import volumes have…
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Thousands of products are made with coal or coal by-products, including aspirins, soap, dyes, solvents, plastics, and fibers such as rayon or nylon. Coal is an important ingredient in production of products that require activated carbon, carbon fiber or silicon metal. Activated carbon is an essential ingredient in…
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In 2023, Russia ramped up coal supplies to China almost 1.5 times to all-time high of more than 100 mio t, which became possible due to deepening cooperation between the countries in the energy sector. According to preliminary estimates, exports of Russian material to China totaled 104 mio t (+27.2…
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Warren Buffett-backed Occidental Petroleum is predicting an oil supply shortage by 2025 due to global failure to replace crude reserves at a fast enough pace. “We’re in a situation now where in a couple of years’ time we’re going to be very short on supply,” Occidental CEO Vicki Hollub told CNBC at the Smead Investor…
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Due to high transshipment rates at OTEKO terminal in Taman, that make coal exports unprofitable, Russian mining companies did not submit railroad applications to the port for February 2024. Thus, the exports of Russian coal through the terminal will not be performed until at least March 2024, and export rail shipments to the port in…
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Ukraine’s grain exports have risen sharply in recent months, indicating continued strength in its agricultural sector. Ukraine’s grain exports are up sharply, even though the Black Sea Grain Initiative that used to control trade in the region is no longer in effect. They’re currently shipping around 25 billion tonne miles of grain each month, according…
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Industries such as steel, cement, and heavy transport account for some one-third of global greenhouse gas emissions (GHG), rendering breakthrough zero-carbon industrial products one of the most valuable assets of the world’s climate change portfolio. Heavy carbon emitting manufacturers all over the world are making the switch to cleaner industrial processes such as low-carbon electricity…
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According to the General Administration of Customs of China (GACC), in July 2022, Russian exporters boosted coal supplies to Chinese consumers to 7.4 mio t (+1.3 mio t or +21% m-o-m; +0.9 mio t or +14%y-o-y). The volume of coal exports in July 2022 is an all-time monthly high for…