Reportlinker Adds Clean Coal Market to 2020
Reportlinker announced the release of a market research report on trends in clean coal to 2020.
Reportlinker announced the release of a market research report on trends in clean coal to 2020.
Emmanuel Fages, Head of CO2, Gas, Coal and Power Research for Orbeo talks with Coal Investing News about the importance trending the use of coal towards the development of “clean” coal technologies.
China has made no secret that it is in the process of diversifying its power production and, logically, through that process thermal coal will begin to represent an increasingly smaller percentage of the total energy produced.
Britain is set to encounter widespread power shortages within eight years due to the country's switch to cleaner energy generation, according to forecasts contained in a government report. A growing reliance on intermittent renewable energy sources, such as wind, is set to exacerbate the problem.
The new president’s inaugural address had the attention of both renewable energy supporters and the coal industry as he addressed topic of climate change. The Obama administration is expected to usher in a new age of greener politics and that has many in the coal industry nervous.
Obama stated: "So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted."
If you are lucky, Santa Claus may leave a huge lump of coal in your stocking this year. With near-month futures contracts trading in the $120-$130 per ton range, the formerly shunned fuel is more valuable than ever.
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