Clean Coal’s Uncertain Future in Germany
The recently passed Carbon Capture and Storage (CCS) technology bill in Germany is a small victory in the bigger battle to make ‘clean coal’ a reality.
The recently passed Carbon Capture and Storage (CCS) technology bill in Germany is a small victory in the bigger battle to make ‘clean coal’ a reality.
Canada is a significant coal producer and plays a dominant role as a transmission point for North American coal heading to Asian markets. The country recently became a global leader in seeking ways to reduce GHG emissions from coal generation but a nagging issue has been the inability to update the infrastructure in order to meet the growing coal demand.
Finding ways to assess and interpret climate impacts on coal companies and markets is increasingly necessary in order for investors to reap the opportunities that come with a changing climate, and not remain passive in the face of change.
While interest rate hikes could signal a slower phase of growth for coal powered economies like China, the moves are only short-term adjustments as longer term prospects are expected to remain strong.
With a rise in crude oil prices, the price of coal has tagged along for the ride, but will likely diverge in the long run.
For thousands of years coal has been used as an important source of energy, including a crucial role as a driving force in the Industrial Revolution. Today, coal is the largest source of energy for electricity generation in the world. Coal provides 27 percent of global primary energy needs and generates 41 percent of the world's electricity.
In spite of international efforts to phase out the use of coal power plants, global demand and prices for the resource are on the increase fueled largely by China’s growing energy needs.
The International Energy Agency’s announcement that China overtook the United States as the world’s largest power-consuming nation in 2009 is promising news for coal producers. While other nations are turning away from coal power, it accounted for 70 percent of China’s total energy consumption last year. And, even with China’s National Energy Administration predicting coal consumption will supply only 63 percent of the country’s energy by 2015, investor and analysts are still bullish about coal in China.
By Desmond McMahon—Exclusive to Coal Investing News Analysts expect coal prices to continue to rise after a strong first quarter performance with demand from China and the United States putting increased pressure on limited supply. And, The World Bank approved funding for a massive coal-burning plant in South Africa. Steel-making coal prices jumped 22 percent [...]
SouthGobi Energy Resources Ltd. (TSX:SGQ), repoted today that the previously announced global offering of 27,000,000 Common Shares in the capital of SouthGobi has been priced at C$17.00 (HK$126.04) per Common Share.
Get our independent commentary on coal trends and companies delivered to your inbox.