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Beleggen in steenkool
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Re: Beleggen in steenkool
Coal India to spend US$8 bil on coal-fired plants near mines
(Sept 10): Coal India Ltd is planning to invest about 670 billion rupees (RM34.65 billion) to build coal-fired power plants close to its mines, signalling the fast-growing economy will remain reliant on the fossil fuel for decades to come.
The state-owned miner has already won approval for 4.7GW of generation to be built over the next six to seven years, with most of the facilities to be in the state of Odisha on India’s east coast, Business Development Director Debasish Nanda said in an interview. Another 2GW are currently under discussion and may take longer to complete, he said.
The new power stations are in addition to a plan, announced by New Delhi late last year, to add 88GW of thermal generation capacity through 2032. The world’s most populous country is forecasting electricity demand to surge over the next few years, making it tough to wean itself off coal, which accounts for around three-quarters of the power mix.
The fossil fuel will remain relevant to the country’s electricity mix for at least three decades, Nanda said. Putting these plants near mines will allow the company to avoid transport costs, keeping them competitive, he said, adding that Coal India is also looking to build renewable power stations and get into mining critical minerals.
India has a goal of getting to net zero by 2070, later than other major economies, reflecting the fact that both its population and economy are still growing quickly. However, environmentalists say the government should be doing more to decarbonise the power system.
“Coal is already unsustainable on the four key parameters of climate, environment, social justice and economics,” said Sunil Dahiya, a New Delhi-based analyst at the Centre for Research on Energy and Clean Air. “The government needs to form policies that allow wise use of resources instead of burdening the power system and the economy with expensive coal-fired electricity.”
Uploaded by Arion Yeow
https://theedgemalaysia.com/node/726203
(Sept 10): Coal India Ltd is planning to invest about 670 billion rupees (RM34.65 billion) to build coal-fired power plants close to its mines, signalling the fast-growing economy will remain reliant on the fossil fuel for decades to come.
The state-owned miner has already won approval for 4.7GW of generation to be built over the next six to seven years, with most of the facilities to be in the state of Odisha on India’s east coast, Business Development Director Debasish Nanda said in an interview. Another 2GW are currently under discussion and may take longer to complete, he said.
The new power stations are in addition to a plan, announced by New Delhi late last year, to add 88GW of thermal generation capacity through 2032. The world’s most populous country is forecasting electricity demand to surge over the next few years, making it tough to wean itself off coal, which accounts for around three-quarters of the power mix.
The fossil fuel will remain relevant to the country’s electricity mix for at least three decades, Nanda said. Putting these plants near mines will allow the company to avoid transport costs, keeping them competitive, he said, adding that Coal India is also looking to build renewable power stations and get into mining critical minerals.
India has a goal of getting to net zero by 2070, later than other major economies, reflecting the fact that both its population and economy are still growing quickly. However, environmentalists say the government should be doing more to decarbonise the power system.
“Coal is already unsustainable on the four key parameters of climate, environment, social justice and economics,” said Sunil Dahiya, a New Delhi-based analyst at the Centre for Research on Energy and Clean Air. “The government needs to form policies that allow wise use of resources instead of burdening the power system and the economy with expensive coal-fired electricity.”
Uploaded by Arion Yeow
https://theedgemalaysia.com/node/726203
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Re: Beleggen in steenkool
Southeast Asia expected to boost coal trade as China approaches peak
NUSA DUA, Indonesia (Sept 10): Southeast Asian countries such as Vietnam and Philippines are expected to boost coal trade and consumption this decade, industry officials say, even as demand from top consumer China approaches its peak.
The Indonesian Coal Miners Association (ICMA) expects imports by China and India to peak in 2025, ending growth in global seaborne trade volumes of the polluting fuel, its chairman Priyadi said in a presentation to the Coaltrans Asia conference.
However, the ICMA expects annual coal imports by Southeast Asian countries including Vietnam and Philippines to grow nearly 3% on average per year to 170.9 million metric tons in 2030, from 140.9 million tons in 2023.
Power generation in Vietnam, the fastest growing economy in Southeast Asia, is seen as the most promising growth market for coal, traders and industry officials said at the conference.
Dinh Quang Trung, deputy general manager of coal trading at state-run Vinacomin, said he expected Vietnam to ship in 66 million tons by the end of this year. That compares with 47.8 million tons in 2023, according to analytics firm Kpler.
"We reach peak imports by year 2035 of 86 million tons of coal per year. About 70%-75% of our total consumption will be for electricity," he said.
Coal imports by the Philippines have grown 7.6% during the eight months ended Aug 31, while Malaysian shipments grew 4%, Kpler data showed.
While Southeast Asian countries are expected to replace China and India as key growth markets for exporters, industry officials still expect consumption in the larger economies to remain high. Imports are expected to grow in the near-term, and remain largely steady for the rest of this decade.
Thermal coal imports by China are expected to rise 6.3% year-over-year to 391 million tons in 2024, said Feng Dongbin, vice general manager at Fenwei Digital Information Technology, which operates Chinese coal analytics platform Sxcoal.
Riya Vyas, senior analyst at Indian coal trading firm I-Energy Natural Resources, said she expects coal imports to grow through this decade. Data from Indian consultancy Bigmint shows Indian imports are 11% year-on-year higher as of end-August.
While Southeast Asian countries are not adding new coal-fired capacity to connect to the grid, they are ramping up utilisation of existing power plants to address higher electricity demand, industry officials say.
In Malaysia, data centres are emerging as key drivers of growth in coal-fired power use, two officials from state-run TNB Fuel Services said. Malaysia has increasingly relied on coal for power generation at the expense of natural gas, data from energy think-tank Ember shows.
Alongside the Philippines, Indonesia counts as the most significant contributor to the growing use of the fuel in the region.
"The average age group of Indonesian installed capacity is relatively young and therefore it suggests the long-term demand would remain robust," said Patricia Lumbangaol, senior market research manager at Adaro International.
Nickel smelters in Indonesia, which are supplying battery manufacturers and helping address demand for electric vehicles, are pushing up coal-fired power generation, ICMA's Priyadi told Reuters.
Malaysia, Philippines and Indonesia have among the lowest renewable energy penetrations in Asia outside the Middle East, and significantly lag large green energy producers such as China and India.
The lack of progress on a plan by rich nations to provide cheaper financing to hasten early retirement of coal-fired power plants has stalled efforts by the world's seventh-largest producer of coal-fired power to cut emissions.
"Governments' focus on energy security and affordability has supported the continued use of coal, particularly as it helps to keep electricity tariffs relatively low," said Arthur Simatupang, chairman of the Independent Power Producers Association of Indonesia.
Uploaded by Chng Shear Lane
https://theedgemalaysia.com/node/726188
NUSA DUA, Indonesia (Sept 10): Southeast Asian countries such as Vietnam and Philippines are expected to boost coal trade and consumption this decade, industry officials say, even as demand from top consumer China approaches its peak.
The Indonesian Coal Miners Association (ICMA) expects imports by China and India to peak in 2025, ending growth in global seaborne trade volumes of the polluting fuel, its chairman Priyadi said in a presentation to the Coaltrans Asia conference.
However, the ICMA expects annual coal imports by Southeast Asian countries including Vietnam and Philippines to grow nearly 3% on average per year to 170.9 million metric tons in 2030, from 140.9 million tons in 2023.
Power generation in Vietnam, the fastest growing economy in Southeast Asia, is seen as the most promising growth market for coal, traders and industry officials said at the conference.
Dinh Quang Trung, deputy general manager of coal trading at state-run Vinacomin, said he expected Vietnam to ship in 66 million tons by the end of this year. That compares with 47.8 million tons in 2023, according to analytics firm Kpler.
"We reach peak imports by year 2035 of 86 million tons of coal per year. About 70%-75% of our total consumption will be for electricity," he said.
Coal imports by the Philippines have grown 7.6% during the eight months ended Aug 31, while Malaysian shipments grew 4%, Kpler data showed.
While Southeast Asian countries are expected to replace China and India as key growth markets for exporters, industry officials still expect consumption in the larger economies to remain high. Imports are expected to grow in the near-term, and remain largely steady for the rest of this decade.
Thermal coal imports by China are expected to rise 6.3% year-over-year to 391 million tons in 2024, said Feng Dongbin, vice general manager at Fenwei Digital Information Technology, which operates Chinese coal analytics platform Sxcoal.
Riya Vyas, senior analyst at Indian coal trading firm I-Energy Natural Resources, said she expects coal imports to grow through this decade. Data from Indian consultancy Bigmint shows Indian imports are 11% year-on-year higher as of end-August.
While Southeast Asian countries are not adding new coal-fired capacity to connect to the grid, they are ramping up utilisation of existing power plants to address higher electricity demand, industry officials say.
In Malaysia, data centres are emerging as key drivers of growth in coal-fired power use, two officials from state-run TNB Fuel Services said. Malaysia has increasingly relied on coal for power generation at the expense of natural gas, data from energy think-tank Ember shows.
Alongside the Philippines, Indonesia counts as the most significant contributor to the growing use of the fuel in the region.
"The average age group of Indonesian installed capacity is relatively young and therefore it suggests the long-term demand would remain robust," said Patricia Lumbangaol, senior market research manager at Adaro International.
Nickel smelters in Indonesia, which are supplying battery manufacturers and helping address demand for electric vehicles, are pushing up coal-fired power generation, ICMA's Priyadi told Reuters.
Malaysia, Philippines and Indonesia have among the lowest renewable energy penetrations in Asia outside the Middle East, and significantly lag large green energy producers such as China and India.
The lack of progress on a plan by rich nations to provide cheaper financing to hasten early retirement of coal-fired power plants has stalled efforts by the world's seventh-largest producer of coal-fired power to cut emissions.
"Governments' focus on energy security and affordability has supported the continued use of coal, particularly as it helps to keep electricity tariffs relatively low," said Arthur Simatupang, chairman of the Independent Power Producers Association of Indonesia.
Uploaded by Chng Shear Lane
https://theedgemalaysia.com/node/726188
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Re: Beleggen in steenkool
Britse rechtbank blokkeert bouw nieuwe kolenmijn door mogelijke milieu-impact
Een Britse rechtbank heeft de plannen om in het noordwesten van Engeland een nieuwe steenkolenmijn te bouwen, naar de prullenbak verwezen.
De bewering van de ontwikkelaar dat de mijn geen broeikasgassen zou uitstoten, noemt de rechter "juridisch onjuist". De zaak was aangespannen door de klimaatgroepen Friends of the Earth en South Lakeland Action on Climate Change.
De ontwikkelaar van de mijn, West Cumbria Mining, beweerde dat de mijn een "uniek project zonder uitstoot" zou worden. Maar volgens de rechter is "de veronderstelling dat de mijn geen toename van broeikasgassen zou veroorzaken, juridisch onjuist".
De ontwikkelaar bracht volgens de rechter namelijk alleen de uitstoot van de productie van de steenkool in rekening, en niet de uitstoot die het verbranden ervan later veroorzaakt. De steenkool uit de mijn zou worden gebruikt door de Britse staalindustrie.
Ook de Labourregering van premier Keir Starmer had zich uitgesproken tegen het project.
Een advocaat die de klimaatgroepen bijstond, spreekt van "een enorme overwinning voor het milieu" en voorspelt dat de uitspraak implicaties zal hebben voor andere fossiele projecten
https://www.msn.com/nl-be/nieuws/other/ ... 5148&ei=61
Een Britse rechtbank heeft de plannen om in het noordwesten van Engeland een nieuwe steenkolenmijn te bouwen, naar de prullenbak verwezen.
De bewering van de ontwikkelaar dat de mijn geen broeikasgassen zou uitstoten, noemt de rechter "juridisch onjuist". De zaak was aangespannen door de klimaatgroepen Friends of the Earth en South Lakeland Action on Climate Change.
De ontwikkelaar van de mijn, West Cumbria Mining, beweerde dat de mijn een "uniek project zonder uitstoot" zou worden. Maar volgens de rechter is "de veronderstelling dat de mijn geen toename van broeikasgassen zou veroorzaken, juridisch onjuist".
De ontwikkelaar bracht volgens de rechter namelijk alleen de uitstoot van de productie van de steenkool in rekening, en niet de uitstoot die het verbranden ervan later veroorzaakt. De steenkool uit de mijn zou worden gebruikt door de Britse staalindustrie.
Ook de Labourregering van premier Keir Starmer had zich uitgesproken tegen het project.
Een advocaat die de klimaatgroepen bijstond, spreekt van "een enorme overwinning voor het milieu" en voorspelt dat de uitspraak implicaties zal hebben voor andere fossiele projecten
https://www.msn.com/nl-be/nieuws/other/ ... 5148&ei=61
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Re: Beleggen in steenkool
Chinese steenkoolproductie stijgt aanzienlijk door toename thermische energieopwekking en sterke vraag vanuit de chemische industrie
De Chinese steenkoolproductie steeg in augustus met 2,8 procent ten opzichte van een jaar eerder. Deze stijging was vooral te danken aan de toegenomen opwekking van thermische energie en de robuuste vraag van de chemische industrie.
In augustus werd 396,55 miljoen ton steenkool gedolven, een toename ten opzichte van de 390,37 miljoen ton in juli.
Oorzaken van de vraag naar steenkool
De hittegolven die China in juli in hun greep hielden, hielden aan in augustus, wat leidde tot een hoger energieverbruik. Omdat huishoudens en bedrijven meer gebruik gingen maken van airconditioning, steeg de productie van thermische energie, die voornamelijk afhankelijk is van kolen, met 3,7 procent ten opzichte van vorig jaar, tot 614,9 miljard kilowattuur (kWh).
Kolenvraag in de chemische industrie
Naast de elektriciteitssector melden analisten een sterke vraag naar steenkool in de chemische industrie. Hoewel de productie voor de eerste acht maanden van het jaar licht daalde met 0,3 procent ten opzichte van het voorgaande jaar, tot 3,05 miljard ton, blijft de industrie aanzienlijke hoeveelheden steenkool verbruiken.
https://www.msn.com/nl-be/nieuws/other/ ... 5cc0&ei=58
De Chinese steenkoolproductie steeg in augustus met 2,8 procent ten opzichte van een jaar eerder. Deze stijging was vooral te danken aan de toegenomen opwekking van thermische energie en de robuuste vraag van de chemische industrie.
In augustus werd 396,55 miljoen ton steenkool gedolven, een toename ten opzichte van de 390,37 miljoen ton in juli.
Oorzaken van de vraag naar steenkool
De hittegolven die China in juli in hun greep hielden, hielden aan in augustus, wat leidde tot een hoger energieverbruik. Omdat huishoudens en bedrijven meer gebruik gingen maken van airconditioning, steeg de productie van thermische energie, die voornamelijk afhankelijk is van kolen, met 3,7 procent ten opzichte van vorig jaar, tot 614,9 miljard kilowattuur (kWh).
Kolenvraag in de chemische industrie
Naast de elektriciteitssector melden analisten een sterke vraag naar steenkool in de chemische industrie. Hoewel de productie voor de eerste acht maanden van het jaar licht daalde met 0,3 procent ten opzichte van het voorgaande jaar, tot 3,05 miljard ton, blijft de industrie aanzienlijke hoeveelheden steenkool verbruiken.
https://www.msn.com/nl-be/nieuws/other/ ... 5cc0&ei=58
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Re: Beleggen in steenkool
New Hope eyes growth as it bids for Anglo American coal assets
Australian coal miner New Hope has built up a war chest to fund its growth plans which could include the coal assets of Anglo American in Queensland if its bid is successful, CEO Rob Bishop said on Tuesday.
The Brisbane-headquartered miner has profited from a spike in prices for energy coal over the past few years, first from supply constraints during the Covid-19 pandemic and then from the Ukraine war.
While thermal coal prices fallen from peaks above $400 a metric ton two years ago to around $137 a ton on Tuesday, they are still double the levels seen in early 2020.
That has helped New Hope build up available cash of A$824.5 million ($556.46 million). The miner in July also completed an offering of $A300 million of senior unsecured convertible notes due in 2029.
“We want to make sure we have the firepower to execute if we see something attractive in the market,” Bishop said in an interview after the company released results.
“We’re not desperate. It depends what type of assets come up,” he said, adding that New Hope had submitted a bid for five metallurgical coal mines Anglo is selling.
First-round bids for the Anglo mines were due by Sept. 9 as Anglo CEO Duncan Wanblad takes initial steps to simplify the company after it rejected a $49 billion takeover offer from BHP earlier this year.
An acquisition would be a big move from the thermal coal miner into steel-making coal.
Separately, New Hope expects to spend around $A500 million on its internal growth projects, mostly on the restart of its New Acland mine. It has also raised its stake in privately held coal miner Malabar Resources to 19.97% from 15%.
“It ticked the boxes for our strategy, it’s cash generative, permitted, already selling coal, it will be very low on the cost curve,” he said, adding that a minority stake would allow it an opportunity to “get smarter” in underground mining.
Earlier on Tuesday, New Hope reported an annual profit on Tuesday that fell 56.2% because of lower coal prices.
The miner reported a full-year net profit attributable of A$475.9 million ($321.33 million), compared with A$1.09 billion a year earlier.
New Hope’s average realized prices during the reported period fell to A$183.25 per ton from A$346.73 per ton in 2023, while its saleable coal production for the year increased 26% to 9.1 million metric tons.
The company declared a final dividend of 22 Australian cents, compared with 21 cents a year earlier. Shares rallied as much as 5.4% and were last at A$4.35, up 2.4%.
($1 = 1.4817 Australian dollars)
(By Sherin Sunny and Sneha Kumar; Editing by Shounak Dasgupta, Alan Barona and Christian Schmollinger)
https://www.mining.com/web/new-hope-eye ... al-assets/
Australian coal miner New Hope has built up a war chest to fund its growth plans which could include the coal assets of Anglo American in Queensland if its bid is successful, CEO Rob Bishop said on Tuesday.
The Brisbane-headquartered miner has profited from a spike in prices for energy coal over the past few years, first from supply constraints during the Covid-19 pandemic and then from the Ukraine war.
While thermal coal prices fallen from peaks above $400 a metric ton two years ago to around $137 a ton on Tuesday, they are still double the levels seen in early 2020.
That has helped New Hope build up available cash of A$824.5 million ($556.46 million). The miner in July also completed an offering of $A300 million of senior unsecured convertible notes due in 2029.
“We want to make sure we have the firepower to execute if we see something attractive in the market,” Bishop said in an interview after the company released results.
“We’re not desperate. It depends what type of assets come up,” he said, adding that New Hope had submitted a bid for five metallurgical coal mines Anglo is selling.
First-round bids for the Anglo mines were due by Sept. 9 as Anglo CEO Duncan Wanblad takes initial steps to simplify the company after it rejected a $49 billion takeover offer from BHP earlier this year.
An acquisition would be a big move from the thermal coal miner into steel-making coal.
Separately, New Hope expects to spend around $A500 million on its internal growth projects, mostly on the restart of its New Acland mine. It has also raised its stake in privately held coal miner Malabar Resources to 19.97% from 15%.
“It ticked the boxes for our strategy, it’s cash generative, permitted, already selling coal, it will be very low on the cost curve,” he said, adding that a minority stake would allow it an opportunity to “get smarter” in underground mining.
Earlier on Tuesday, New Hope reported an annual profit on Tuesday that fell 56.2% because of lower coal prices.
The miner reported a full-year net profit attributable of A$475.9 million ($321.33 million), compared with A$1.09 billion a year earlier.
New Hope’s average realized prices during the reported period fell to A$183.25 per ton from A$346.73 per ton in 2023, while its saleable coal production for the year increased 26% to 9.1 million metric tons.
The company declared a final dividend of 22 Australian cents, compared with 21 cents a year earlier. Shares rallied as much as 5.4% and were last at A$4.35, up 2.4%.
($1 = 1.4817 Australian dollars)
(By Sherin Sunny and Sneha Kumar; Editing by Shounak Dasgupta, Alan Barona and Christian Schmollinger)
https://www.mining.com/web/new-hope-eye ... al-assets/
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Re: Beleggen in steenkool
We zijn pro-klimaat maar we exporteren graag onze kolen
Australia approves coal mine expansions in hit to green goals
Australia granted approval to expand three coal mines, sparking criticism against Prime Minister Anthony Albanese’s administration and its effort to check emissions.
The government approved an extension of operations at Whitehaven Coal’s Narrabri, MACH Energy Australia’s Mount Pleasant and Ashton Coal Operations’ Ravensworth coal mines. The Narrabri underground mine was granted permission to operate until 2044 and Mount Pleasant to 2048.
“These are not new projects, these three approvals are all extensions of existing operations,” said Environment Minister Tanya Plibersek, according to the Australian Associated Press. “The government will continue to consider each project on a case-by-case basis.”
Australia, one of the world’s top shippers of fossil fuels, has struggled to curb coal and gas production, even as the Albanese government pursues more ambitious cuts to domestic emissions. The export of fuel is a major source of revenue for the nation, and the recent extension is expected to secure jobs of more than 1,800 miners, ABC News reported.
The move faces backlash from environmental groups demanding stricter action from the government.
“These approvals are inconsistent with Australia’s climate goals and reinforces our country’s reputation as one of the world’s major fossil fuel exporters,” Rod Campbell, research director at the Australia Institute, said in a statement.
(By Stephen Stapczynski)
https://www.mining.com/web/australia-ap ... een-goals/



Australia approves coal mine expansions in hit to green goals
Australia granted approval to expand three coal mines, sparking criticism against Prime Minister Anthony Albanese’s administration and its effort to check emissions.
The government approved an extension of operations at Whitehaven Coal’s Narrabri, MACH Energy Australia’s Mount Pleasant and Ashton Coal Operations’ Ravensworth coal mines. The Narrabri underground mine was granted permission to operate until 2044 and Mount Pleasant to 2048.
“These are not new projects, these three approvals are all extensions of existing operations,” said Environment Minister Tanya Plibersek, according to the Australian Associated Press. “The government will continue to consider each project on a case-by-case basis.”
Australia, one of the world’s top shippers of fossil fuels, has struggled to curb coal and gas production, even as the Albanese government pursues more ambitious cuts to domestic emissions. The export of fuel is a major source of revenue for the nation, and the recent extension is expected to secure jobs of more than 1,800 miners, ABC News reported.
The move faces backlash from environmental groups demanding stricter action from the government.
“These approvals are inconsistent with Australia’s climate goals and reinforces our country’s reputation as one of the world’s major fossil fuel exporters,” Rod Campbell, research director at the Australia Institute, said in a statement.
(By Stephen Stapczynski)
https://www.mining.com/web/australia-ap ... een-goals/
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Re: Beleggen in steenkool
Focus on coal miners, power grid as South Africa spends just sixth of climate aid
South Africa’s donor-funded climate programme has spent just over a sixth of its allotted $11.6 billion, with a focus on expanding the power grid and preventing its coal-mining region slipping into decline as it shifts to renewables, two sources said.
A donor and a South African official involved in the plan, neither of whom were willing to be named because they were not authorised to speak publicly, said about $1.9 billion had been spent, half of it on policy-based loans to the government.
Of the rest, about $488 million had gone towards electricity, a breakdown seen by Reuters showed. The remaining quarter was for projects to revive the coal belt province, Mpumalanga, a planned green hydrogen hub and skills training, among other things.
Britain, France, Germany, the European Union and United States initially pledged $8.5 billion at COP26 climate talks in 2021. That figure – all but a fraction of it in the form of concessional loans – grew last year, as Denmark, Canada, Spain, the Netherlands and Switzerland joined the initiative.
Owing to its complexity, the number of donors involved and South Africa’s internal politics, the climate programme has been moving more slowly than planned, and South Africa has told donors it will not meet its 2030 emissions-reduction targets.
Environment Minister Dion George was quoted in the national press this month as saying that German officials had told him South Africa was moving away from fossil fuels too slowly.
A spokesperson for the German embassy declined to comment.
Easy win?
Africa’s most industrialised nation, where 80% of the power is generated from coal, is seen as an easy win for donor-assisted green energy programmes, with its well-developed infrastructure and abundant sun and wind.
But politicians are nervous about winding down a 160-year-old coal business that directly employs 90,000 people and supports whole communities, even while it poisons their air and water.
“It’s about …the mine workers, the coal truckers…the entire ecosystem (around coal) whose material interests are threatened,” said Joanne Yawitch, head of the Just Energy Transition at President Cyril Ramaphosa’s climate commission.
Yawitch said the focus was on new skills and economic opportunities for coal-belt residents, especially its most vulnerable: informal workers, youths and women.
“With South Africa’s levels of poverty and unemployment…if we don’t take care of the needs of that community…(the) transition…will just be resisted all the way.”
Burning coal has rendered South Africa one of the world’s most carbon intensive economies, central bank data shows. South Africa is in the top 15 greenhouse gas emitters, ahead of France and Britain.
The policy loans have funded reforms such as a law enacted last month to bring private companies and competition into a power sector long dominated by state monopoly Eskom, the donor source said.
Grants are only $676 million of the total, and Ramaphosa has complained that they make up too small a portion.
(Reporting by Tim Cocks; Editing by Kirsten Donovan)
https://www.mining.com/web/focus-on-coa ... imate-aid/
South Africa’s donor-funded climate programme has spent just over a sixth of its allotted $11.6 billion, with a focus on expanding the power grid and preventing its coal-mining region slipping into decline as it shifts to renewables, two sources said.
A donor and a South African official involved in the plan, neither of whom were willing to be named because they were not authorised to speak publicly, said about $1.9 billion had been spent, half of it on policy-based loans to the government.
Of the rest, about $488 million had gone towards electricity, a breakdown seen by Reuters showed. The remaining quarter was for projects to revive the coal belt province, Mpumalanga, a planned green hydrogen hub and skills training, among other things.
Britain, France, Germany, the European Union and United States initially pledged $8.5 billion at COP26 climate talks in 2021. That figure – all but a fraction of it in the form of concessional loans – grew last year, as Denmark, Canada, Spain, the Netherlands and Switzerland joined the initiative.
Owing to its complexity, the number of donors involved and South Africa’s internal politics, the climate programme has been moving more slowly than planned, and South Africa has told donors it will not meet its 2030 emissions-reduction targets.
Environment Minister Dion George was quoted in the national press this month as saying that German officials had told him South Africa was moving away from fossil fuels too slowly.
A spokesperson for the German embassy declined to comment.
Easy win?
Africa’s most industrialised nation, where 80% of the power is generated from coal, is seen as an easy win for donor-assisted green energy programmes, with its well-developed infrastructure and abundant sun and wind.
But politicians are nervous about winding down a 160-year-old coal business that directly employs 90,000 people and supports whole communities, even while it poisons their air and water.
“It’s about …the mine workers, the coal truckers…the entire ecosystem (around coal) whose material interests are threatened,” said Joanne Yawitch, head of the Just Energy Transition at President Cyril Ramaphosa’s climate commission.
Yawitch said the focus was on new skills and economic opportunities for coal-belt residents, especially its most vulnerable: informal workers, youths and women.
“With South Africa’s levels of poverty and unemployment…if we don’t take care of the needs of that community…(the) transition…will just be resisted all the way.”
Burning coal has rendered South Africa one of the world’s most carbon intensive economies, central bank data shows. South Africa is in the top 15 greenhouse gas emitters, ahead of France and Britain.
The policy loans have funded reforms such as a law enacted last month to bring private companies and competition into a power sector long dominated by state monopoly Eskom, the donor source said.
Grants are only $676 million of the total, and Ramaphosa has complained that they make up too small a portion.
(Reporting by Tim Cocks; Editing by Kirsten Donovan)
https://www.mining.com/web/focus-on-coa ... imate-aid/
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Re: Beleggen in steenkool
Verenigd Koninkrijk zet punt achter kolentijdperk
De laatste kolencentrale van het Verenigd Koninkrijk sluit voorgoed de deuren. De sluiting van de energiecentrale die dateert uit 1968, staat symbool voor een land dat vol gas de groene transitie in wil gaan.
De sluiting van Ratcliffe-on-Soar luidt het einde van een tijdperk in. De Uniper-centrale was de laatste die nog iedere dag op kolen stookte om elektriciteit op te wekken. Met 2000 MW was Ratcliffe een aanzienlijke energiebron in de regio. Ter vergelijking, de grootste kolencentrale van Nederland (Eemshaven) heeft een vermogen van 1.560 MW.
Het is bijna niet voor te stellen dat het VK in de negentiende en twintigste eeuw een van de grootste kolenproducerende land ter wereld was. Sinds de jaren negentig heeft het land de ene na de andere centrale gesloten als onderdeel van de nationale energiestrategie en strengere milieu-eisen.
Op gebied van het uitbannen van steenkool loopt het VK al een tijdje voor op het overgrote deel van Europa. "Het land kon ook best ambitieus zijn, want net als Noorwegen en Nederland had het gasvelden," vertelt Louise van Schaik, hoofd EU & Global Affairs bij Clingendael.
Al in 2009 verbood de Britse energieminister Ed Miliband de komst van nieuwe kolencentrales, tenzij die effectief gebruikmaakten van CCS (het afvangen en opslaan van CO2). Maar die technologie stond in de praktijk in de kinderschoenen.
De regering van Theresa May stelde in 2016 een ultimatum: op 1 oktober 2025 zouden alle centrales gesloten zijn. Na de klimaattop in Glasgow werd dat nog eens met een jaar vervroegd. Met andere woorden: morgen is het zover.
https://www.nu.nl/klimaat/6329583/veren ... dperk.html
De laatste kolencentrale van het Verenigd Koninkrijk sluit voorgoed de deuren. De sluiting van de energiecentrale die dateert uit 1968, staat symbool voor een land dat vol gas de groene transitie in wil gaan.
De sluiting van Ratcliffe-on-Soar luidt het einde van een tijdperk in. De Uniper-centrale was de laatste die nog iedere dag op kolen stookte om elektriciteit op te wekken. Met 2000 MW was Ratcliffe een aanzienlijke energiebron in de regio. Ter vergelijking, de grootste kolencentrale van Nederland (Eemshaven) heeft een vermogen van 1.560 MW.
Het is bijna niet voor te stellen dat het VK in de negentiende en twintigste eeuw een van de grootste kolenproducerende land ter wereld was. Sinds de jaren negentig heeft het land de ene na de andere centrale gesloten als onderdeel van de nationale energiestrategie en strengere milieu-eisen.
Op gebied van het uitbannen van steenkool loopt het VK al een tijdje voor op het overgrote deel van Europa. "Het land kon ook best ambitieus zijn, want net als Noorwegen en Nederland had het gasvelden," vertelt Louise van Schaik, hoofd EU & Global Affairs bij Clingendael.
Al in 2009 verbood de Britse energieminister Ed Miliband de komst van nieuwe kolencentrales, tenzij die effectief gebruikmaakten van CCS (het afvangen en opslaan van CO2). Maar die technologie stond in de praktijk in de kinderschoenen.
De regering van Theresa May stelde in 2016 een ultimatum: op 1 oktober 2025 zouden alle centrales gesloten zijn. Na de klimaattop in Glasgow werd dat nog eens met een jaar vervroegd. Met andere woorden: morgen is het zover.
https://www.nu.nl/klimaat/6329583/veren ... dperk.html
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