The UK government is under attack for investing taxpayers’ money in fossil fuel companies, a hospital in Kenya accused of imprisoning patients who couldn’t pay for treatment, and a business in…Continue readingUK government under fire for investing overseas aid in fossil fuel firms
Tag: coal
United Nations climate chief says while the rapid end of burning coal, oil, and natural gas is urgently needed, the topic may not even reach crucial COP28 negotiations.Continue readingWill fossil fuel phase-out make it onto the UN’s climate agenda?
About USD 2.8 trillion is set to be invested in energy globally in 2023, USD 1.7 trillion of which will go to clean technologies. The remaining roughly USD 1 trillion is…Continue readingHumanity still investing in fossil fuels
Climate experts criticised the G7 group of advanced economies for failing to commit to tougher action on fossil fuels after Germany and Japan prevailed on the continued use of gas and…Continue readingG7 disappoints on climate progress without deadlines on gas and coal use
“The Albanese government has to make decisions in accordance with the facts and the national environment law – that’s what happens on every project, and that’s what’s happened here,” a spokesperson…Continue readingAlbanese government approves first new coalmine since taking power
:format(webp)/cdn.vox-cdn.com/uploads/chorus_asset/file/24648457/643866584.jpg "The EPA tightens pollution standards for power plants, with a big loophole for coal and gas")
The proposed mandate requires existing power plants to start limiting their carbon dioxide emissions in 2030, introducing restrictions that would become more stringent over time. Any new gas power plants would…Continue readingThe EPA tightens pollution standards for power plants, with a big loophole for coal and gas
Huawei said the new methods had increased output per shift by almost a third. According to official figures, China had 4,400 coal mines at the end of 2022. But Huawei’s involvement…Continue reading‘Smart mines’ show coal deeply embedded in China’s future
Local governments in energy-hungry Chinese provinces approved at least 20.45 gigawatts (GW) of coal-fired power in the first three months of 2023, Greenpeace said. That is more than double the 8.63…Continue readingChina approves coal power surge despite emissions pledge: Greenpeace
An annual report on fossil fuel financing by a coalition of campaign groups organised by the Rainforest Action Network found that RBC extended $42.1bn in funding to fossil fuel companies and…Continue readingRoyal Bank of Canada becomes top financier for fossil fuel industry
Communities around the world emitted more carbon dioxide in 2022 than in any other year on records dating to 1900, a result of air travel rebounding from the pandemic and more…Continue readingCarbon dioxide emissions reached a record high in 2022
A total of 106 GW of new coal power projects were approved in 2022—the equivalent of two large coal plants per week.Continue readingChina ramps up coal plant approvals despite emissions pledge: report
Risks are cascading and underestimated, new climate extremes recorded, and the conclusion.Continue readingFaster, higher, hotter: What we learned about the climate system in 2022: Part 3
2°C degrees is not a point of system stability, we are heading towards 3°C or more, and system-level change and tipping points are happening faster than forecast.Continue readingFaster, higher, hotter: What we learned about the climate system in 2022: Part 2
Record emissions, the 1.5°C target, what about overshooting 1.5°C and cooling back to that level by 2100?, and the likelihood of achieving the 2°C target.Continue readingFaster, higher, hotter: What we learned about the climate system in 2022: Part 1
Financial institutions signed up to GFANZ initiative accused of acting as ‘climate arsonists’.Continue readingBanks still investing heavily in fossil fuels despite net zero pledges – study
Woodside Energy, Santos and BHP among companies who have sponsorship deals with Australian arts, sport, education and community organisationsContinue readingFossil fuel interests revealed to have sponsored more than 500 Australian community organisations
Wealthy nations have offered Vietnam a $15.5 billion package to help pay for its move from coal to renewable energy, the latest in a total of $44 billion in deals aimed…Continue readingWealthy nations offer Vietnam $15 billion-plus deal to shift from coal
The first coal mine in Britain for 30 years has been given the go-ahead by the government. Michael Gove, the levelling-up secretary, granted approval for the mine in Whitehaven in Cumbria.…Continue readingFirst UK coal mine in 30 years gets government go-ahead
The analysis, by the Global Carbon Project, calculates Earth’s “carbon budget“, which is how much CO₂ humans have released, and how much has been removed from the atmosphere by the oceans…Continue readingGlobal carbon emissions at record levels with no signs of shrinking
At least 8 coalmining projects in Great Barrier Reef catchments and floodplains have been exempted from requiring environmental impact statements (EIS) by the Queensland government, with 6 already gaining state environmental…Continue readingCoal projects in Great Barrier Reef catchments approved without environmental impact statements
The fossil fuel industry is experiencing a remarkable rebound, with sudden momentum behind more than 80 projects that range from coal-fired power plants to hulking gas export terminals, many of which…Continue readingFossil fuel projects were stalled a year ago. Now they’re making a comeback.
Out of 26 countries, Indonesia accounted for 58.2% of the tropical deforestation directly caused by industrial mining activities. The data covered 26 countries representing 76.7% of the total tropical deforestation observed…Continue readingIndustrial mining in Indonesia accounts for 45% of global tropical deforestation
Germany is relying on highly polluting coal for almost a third of its electricity, as the impact of government policies and the war in Ukraine leads producers in Europe’s largest economy…Continue readingGermany turns to coal for a third of its electricity
Norway’s last remaining coal mine on a geopolitically important Arctic archipelago will stay open. Store Norske, the state-owned mining company, said on Friday it had originally planned to close Mine 7…Continue readingNorway prolongs life of Arctic coal mine
The Queensland government has approved the extension of Carborough Downs coal mine, located 25km east of Moranbah in the Bowen Basin, Australia. The Carborough Downs is an underground metallurgical coal mine,…Continue readingAustralian Queensland government approves extension of coal mine
Two months of scorching heatwaves and drought plunged China into an energy security crisis. The energy crisis has seen Beijing shift its political discourse and proclaim energy security as a more…Continue readingChina’s energy crisis sees the world’s top emitter investing in more coal
Woodside Energy, Australia’s largest energy producer, on Tuesday capped a string of bumper results by oil, gas and coal producers. The Perth-based company said its net profit after tax rose five-fold…Continue readingHuge profits for fossil-fuel giants Woodside, Whitehaven and Santos
Global public subsidies for fossil fuels almost doubled to $700 billion in 2021. Despite the huge profits of fossil fuel companies, the subsidies soared as governments sought to shield citizens from…Continue readingGlobal fossil fuel subsidies almost doubled in 2021
New Hope Group has received key approval for its New Acland Stage III coal mine project in Queensland, Australia. Queensland Minister for Resources Scott Stewart said that the government has approved…Continue readingNew Hope’s New Acland Stage III coal project receives key approval
The spot price of Australian thermal coal is higher than that of coking coal, an unprecedented situation that highlights just how the global market for the polluting fuel has been upended…Continue readingSpot Australian thermal coal has surged
Despite enviable earnings, shares of Three Gorges Renewables are down 15% this year and trade at 20 times forward earnings, half the level of a year ago. Strict policy mandates to…Continue readingDroughts push China towards coal power
The Albanese government will continue to support new fossil fuel projects so long as they “stack up” from an economic and environmental perspective, the federal resources minister says. Madeleine King, in…Continue readingAustralian Federal Government to back new fossil fuel projects that ‘stack up’ economically and environmentally
In recent years, Wall Street firms have tried to talk up their commitment to the environment and social justice. Now they are singing a different tune. Large US banks such as…Continue readingUS banks tout fossil fuel credentials
To understand why it is proving so hard to break up with coal, we worked with an international team of around 35 researchers to investigate the political economy drivers of its…Continue readingMany countries continue to invest in coal
Coal – France, Italy, Austria and the Netherlands have all announced plans to reactivate old coal power plants. But nowhere are the plans as extensive as in Germany, which is allowing…Continue readingGermany increases reliance on coal and oil
The $2.17 billion Hunutlu coal fired power plant is the largest foreign direct investment in Turkey by China. Despite the efforts of campaigners, and several pending legal challenges, the first of…Continue readingTurkey’s new power plant exposes ‘huge contradictions’ of net zero pledge
Australian Prime Minister Anthony Albanese says Labor will not support a moratorium on fossil fuel projects. “That’s not in our policy and we won’t be implementing that policy,” Albanese said. “We…Continue readingAustralian Prime Minister rules out banning fossil fuel projects
India’s thermal coal imports hit a monthly record in June of 20.9 million tonnes, after Prime Minister Narendra Modi’s government called for increased purchases in order to overcome a fuel shortage…Continue readingGautam Adani ramps up share of coal imports as power crisis grips India
In the first quarter of 2022, Chinese regulators gave the green light to coal plants with a total capacity of 8.63 gigawatts. That is nearly half of the entire coal-fired capacity…Continue readingChina speeding up approvals for new coal plants
Hungary’s government has declared an “energy emergency” in response to supply disruptions and skyrocketing energy prices in Europe, an official said. There is “unlikely to be enough gas in Europe for…Continue readingHungary declares ‘energy emergency’ over threat of fuel shortages
Queensland has granted environmental approval to a plan to expand an open-cut coalmine near Toowoomba and extend its life for another 12 years, in a move anti-coal campaigners say should be…Continue readingAustralian Queensland state government gives environmental approval to coalmine expansion
The Netherlands said it would lift all restrictions on power stations fired by the fossil fuel, which were previously limited to just over a third of output. Berlin and Vienna made…Continue readingDutch join Germany, Austria, in reverting to coal
Germany will significantly increase its use of coal to preserve energy supplies ahead of the winter, as Russian cuts to gas exports threaten shortfalls in Europe’s largest economy. Russia cut capacity…Continue readingGermany fires up coal plants to avert gas shortage as Russia cuts supply
“China’s influence on coal markets is difficult to overstate”, says the International Energy Agency’s Coal 2021 report, which was published in mid-December China’s overall coal use (i.e, power plus non-power) accounts…Continue readingGlobal coal consumption: Spotlight on China’s consumption for power generation
Coal prices are soaring, hitting $462 per tonne today, up from $186 on the 23rd of February and likely to pass $500 this year. Russia is Europe’s largest supplier of thermal coal. Last…Continue readingOld King Coal: price reaches highest level in more than 200 years, on track for $500
Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push…Continue readingCoal, oil price surges on Ukraine war make Asia’s richest richer
Brussels has given the green light for the EU to burn more coal over the next decade as it tries to end the use of Russian gas and oil. Coal is…Continue readingEU accepts it will burn more coal in move away from Russian gas
India has relaxed environmental compliance rules for coal mines seeking to ramp up production as power outages exacerbate a sweltering heatwave, a government notice showed. Coal makes up more than two-thirds…Continue readingIndia relaxes environment rules for coal mines, citing heatwave
An unusually early and brutal heat wave is scorching parts of India, with acute power shortages affecting millions as demand for electricity surges to record levels. Supplies of coal at many…Continue readingHeat wave sparks blackouts, questions on India’s coal usage
The world has more than 2,400 coal-fired power plants, for a total capacity of nearly 2,100 gigawatts (GW). An additional 176GW of coal capacity is under construction at more than 189…Continue readingBoom and Bust Coal 2022
Chinese leaders pledged ahead of climate negotiations in Glasgow, Scotland, last November to peak national emissions before 2030 and stop building coal power plants abroad. A study published Friday indicates that…Continue readingWith coal surge, China puts energy security and growth before climate
China is in the throes of a building boom to jump start its economy. The government of President Xi Jinping has “scrambled in recent months to try to reverse a slowdown”…Continue readingChina doubles down on coal
A $400 million coal mine expansion that would result in almost half a billion tonnes of greenhouse gas emissions has been conditionally approved by New South Wales planning authorities. The NSW…Continue readingNarrabri coal mine expansion gets final approval from NSW planning commission
China’s National Development and Reform Commission (NDRC), the country’s top economic planner, will launch special investigation into the implementation of medium- and long-term contracts signed by coal suppliers in 2022. The…Continue readingMedium- and long-term contracts signed by Chinese coal suppliers shall account for over 80% of their resources: economic planner
China will help its coal-fired power plants run at full capacity, the government has announced, raising further alarm about the fate of Beijing’s climate pledges. It was decided in the Monday…Continue readingChinese government to help run coal power plants at full capacity
From the U.S. to China, in Europe, India and Japan, fossil fuels are staging a comeback, clean energy stocks are taking a hammering, and the prospects for speeding the transition to…Continue readingThe great climate backslide: How governments are regressing worldwide
China’s coal production reached record levels last year as the state encouraged miners to ramp up their fossil fuel output to safeguard the country’s energy supplies through the winter gas crisis.…Continue readingChina’s coal production hit record levels in 2021
China, under fire for approving new coal power stations as other countries try to curb greenhouse gases, has completed the first 1,000-megawatt unit of the Shanghaimiao plant, the biggest of its…Continue readingChina fires up giant coal power plant in face of calls for cuts
After falling in 2019 and 2020, global power generation from coal is expected to jump by 9% in 2021 to an all-time high. Depending on weather patterns and economic growth, overall…Continue readingCoal power’s sharp rebound is taking it to a new record in 2021, threatening net zero goals
Coal combustion for power generation made up 30% of global CO2 emissions in 2018. To achieve the goal of the Paris Agreement to keep global average temperatures below 2°C, power generation…Continue readingStudy – The Expanding Coal Power Fleet in Southeast Asia
The world likely will generate more electricity from the dirtiest source this year than ever before, indicating just how far the energy transition still needs to run in the fight against…Continue readingThe world is burning the most coal ever to keep the lights on
Hopes for a cleaner future have been fired by pledges from top coal consumer China and other countries to go carbon neutral, but much of the region is making a painfully…Continue reading‘Running out of time’: Asia struggles to kick coal addiction
China’s promise to stop financing coal power abroad is a positive step, but researchers say the emissions savings pale in comparison to those from its domestic coal use. “China is a…Continue readingChina’s pledge on overseas coal — by the numbers
Maps of fossil-fueled power plants’ CO2 emissions. Taller spikes indicate that plants emit CO2 at higher levels. Colors signify plants’ primary fuels (blue = coal, yellow = natural gas, black =…Continue readingReducing CO₂ emissions by targeting the world’s hyper-polluting power plants
Carbon dioxide emissions from the global electric power sector rebounded in the first half of 2021 to above pre-pandemic levels, according to an analysis, signalling that the world has failed to…Continue readingGlobal electric power demand returns to pre-pandemic levels
There is “no longer any realistic chance” for an orderly transition for global financial markets because political leaders will be forced to rely on “handbrake” policy interventions to cut emissions, according…Continue readingPrepare for DISORDERLY shift to low-carbon era