Carbon Tracker's «
Coal supply Cost Curve» study published last year found that globally approximately $ 142 billion of future investment (capex) in coal mines for export to 2025 requires a $ 75 per tonne breakeven price to make a return.
Not exact matches
China's demand for resources to
supply its industrial expansion has put upward pressure on prices for steel and its raw materials (iron ore, coking
coal), and on the
costs of shipping.
Currently over 30 % of U.S. met
coal supply has production
costs higher than the current price.
Coal remains a critical component of the world's energy
supply, despite its environmental
costs.
This would include
costs like storing and monitoring nuclear waste indefinitely, CO2 emitted to the atmosphere by fossil fuels, nitrous oxides and sulfur oxides from
coal degrading the environment through acid rain, maintaining a large military to protect our oil
supply lines from the middle east, pollutants entering water
supplies from solar panel manufacture, pollutants generated by drilling for gas, etc., etc..
... In the U.S. electricity
supply sector, the
cost benchmark for reducing carbon dioxide emissions lies with substitution of natural gas for
coal, especially older, less efficient units.
Broadly stated: if you reject a lease and take a large portion of a commodity (here
coal, but it could have been natural gas, tar sands, etc.) off the market, you decrease the
supply, increase the
cost, and, over the long term, decrease the use of that commodity.
At the heart of their case the Clean Power Plan's challengers have painted an enormous fiction: A picture of a stable, healthy
coal - based power industry happily
supplying everyone with low -
cost electricity, until the big bad EPA came along and disrupted everything, forcing the industry into tumultuous change, and destroying the American energy economy.
Since the countries with low
cost power are burning
coal while the countries with high
cost power are using less CO2 intensive energy
supplies, the net result is a gobal increase in CO2.
Lignite of the Living Dead notes that utilities may keep
coal plants running at a loss for many reasons, including: hopes that governments will make capacity payments for guaranteed power
supply or payments to retire plants; expectations that competitors will close plants, pushing power prices up; the clean - up
costs associated with retiring plants; and opposition to closures from governments for political reasons.
At a plausible GHG emissions price of $ 50 / t CO2eq under a future US carbon mitigation policy, such co-production systems competing as power
suppliers would be able to provide low - GHG - emitting synthetic fuels at the same unit
cost as for
coal synfuels characterized by ten times the GHG emission rate that are produced in plants having three times the synfuel output capacity and requiring twice the total capital investment.
It CAN back out
coal from future power
supplies, but only at a relatively high
cost.
Solar PV (with associated energy storage
costs included) could
supply 23 % of global power generation in 2040 and 29 % by 2050, entirely phasing out
coal and leaving natural gas with just a 1 % market share.
Nuclear power would provide many other benefits as well: energy security, reliable energy
supply, reduce shipping
costs and energy used in shipping
coal by a factor of 20,000 to 2 million, provide fresh water, no need for carbon pricing, avoid 1 million fatalities per year by 2050,... https://judithcurry.com/2012/08/17/learning-from-the-octopus/#comment-231867.
Over the same two decades, improving knowledge of global
coal reduced estimates of total reserves by two - thirds, while
costs increased much faster than anticipated by long - range
coal resource models with long and flat
supply curves.
Over the next 10 - 20 years we can expect further dilapidation of the grid, fuel
supply crunches (see South Africa and China) in both gas and
coal, extra
costs imposed by cap & trade, carbon taxes or sequestration equipment, and demand unmatched by
supply.
Historically,
coal and nuclear generation units
supplied most of the baseload power demand in the United States partly because of their low fuel - related operating
costs.
This production and reserve base allows Murray Energy to provide electric utility customers with low
cost, reliable, and high quality
coal supplies.
In 2017, solar or wind power wins most competitive bids for electric
supply: India just announced the closure of dozens of
coal mines and the cancellation of plans for new
coal - fired generating stations because the low
cost of solar power was undercutting fossil fuel.
Reduce dependency on (imported) fossil fuels (balance of payments, reliance on potentially unfriendly or unstable nations as
suppliers, high
cost at the pump, all problems as seen from US viewpoint): — encourage nuclear power generation (cut red tape)-- encourage energy savings and improved efficiency projects (tax breaks)-- encourage basic research into new (non fossil fuel) resources (subsidies)-- encourage imports from friendly neighbor, Canada (Keystone pipeline)-- encourage local oil and gas exploration («drill, baby, drill»)-- encourage «clean
coal» projects (tax incentives)-- set goal to become energy independent within ten years
The analysis, which completes the think - tank's series of Carbon
Supply Cost Curves, follows a similar approach to the oil and coal studies published last year that identify high - carbon, high - cost projects for invest
Cost Curves, follows a similar approach to the oil and
coal studies published last year that identify high - carbon, high -
cost projects for invest
cost projects for investors.
Electricity can be
supplied from a new wind farm in Australia at a
cost of A$ 80 ($ 84) per megawatt hour, compared with A$ 143 a megawatt hour from a new
coal - fired power plant or A$ 116 from a new station powered by natural gas when the
cost of carbon emissions is included, according to a Bloomberg New Energy Finance report.
Wind is now
supplying better than 4 % of the country's electrical generation, with
costs reportedly comparable to those of
coal.
Our carbon
supply cost curves use the IEA 450 scenario allocation of the budget to each fuel —
coal, oil and gas — to test which projects are within the budget.
As electricity demand grows and federal regulation shuts down
coal - fired power plants, SaskPower has concluded that wind energy is a low -
cost source of new
supply that can be reliably integrated into the grid.
Meanwhile in energy
supply, the
costs of renewable energy technologies are tumbling, and with a carbon price are likely to become
cost competitive with
coal and gas fired power.
In the future, mothballed
coal - fired power can play a
cost - effective, highly - constructive ongoing backup
supply role in a future grid as a fully - depreciated source of incremental
supply available on an «as - needed» basis.
In a nutshell, Power demonstrates that the planned
coal export facilities in the Northwest would add to the
supply of
coal to China thereby pushing down the
cost of burning it.
SAWEA argued to the Pretoria court that «planned
coal - fired power station closures were unrelated to the conclusion of RE PPAs, that renewable power purchase
costs did not place additional financial burden on Eskom but had in fact added to Eskom's revenue, that the current
supply surplus may well be short - lived, and that renewables are South Africa's least -
cost and most flexible power investment option».
Today is the day when EPA unveils its regulations intended to solve a minor or more likely non-existent problem by placing restrictive government regulations intended to bias the electric
supply business away from seeking the lowest
cost source of energy (often
coal) at the expense of all American ratepayers, but particularly lower and middle income Americans.
The Carbon Tracker Initiative (CTI) and Energy Transition Advisors (ETA) have presented the second report of the series «Carbon
Supply Cost Curves» to investors, asset managers, investment bankers, analysts and
coal companies representatives at Bloomberg Offices in NYC on 22nd September 2014.
The list is long and worth many billions (sorry for caps); — GREENHOUSE GAS ABATEMENT PROGM (Carbon capture)-- NON-RECOVERY OF PUBLIC AGENCY
COSTS — PETROLEUM EXPLORATION TAX CONCESSIONS — RESEARCH AND DEVELOPMENT ASSISTANCE — DIRECT SUBSIDIES TO FOSSIL FUEL PROJECTS — DIESEL FUEL REBATE SCHEME — EXEMPTION FROM EXCISE FOR ALTERNATIVE FUELS Ethanol production which is an energy sink)-- CONCESSIONAL RATE OF EXCISE FOR FUEL OIL, — HEATING OIL AND KEROSENE — CONCESSIONAL RATE OF EXCISE FOR AVIATION FUEL — EXCISE FREE STATUS FOR CONDENSATE — SUBSIDISED
SUPPLY OF
COAL - FIRED ELECTRICITY TO — ALUMINIUM SMELTERS — STATE ENERGY
SUPPLY CONCESSIONS — ELECTRICITY PRICING STRUCTURES — SUBSIDIES FOR CENTRALISED GENERATION
FACT CHECK: wind power contributes about 6 % of Ontario's electricity
supply, at four times the
cost of other power sources; wind power is not the «lowest -
cost» option — the turbines are cheap to build but there are many other
costs associated with wind power and its intermittency; wind power can not replace hydro and nuclear — the fact is,
coal was replaced by nuclear and natural gas, a fossil - fuel - based power source.
The electricity from the
coal - fired power plant will be utilized during the high peak demand periods of the summer season to ensure security of
supply at a reasonable
cost.
Costs also suddenly could get higher when
suppliers dependent on electricity from
coal - burning generators are hit with a government decision to tax carbon emissions.
If less
supply is available it will increase the energy
costs for burning
coal compared to alternatives.
Though the capital
costs of ZCA2020 are much higher than BAU, more money is saved because solar power plants do not need a constant
supply of
coal and gas for fuel.
Not even counting climate change, the
cost to society from
coal pollution is greater than the benefit it
supplies.
In comparison, emissions from energy to power an electric Nissan Leaf would
cost us $ 840 even if purely powered by
coal, and $ 290 if fueled by electricity
supplied entirely from natural gas.
«Wind energy's major
cost declines have, and will continue to be, critical to opening up new opportunities throughout Canada — whether it is to support the
coal phase - out, or to fill an emerging power
supply gap as nuclear power plants are refurbished in Ontario, or to help the northeast United States reduce its reliance on fossil - fuel powered generation through clean electricity imports from Quebec or Atlantic Canada.
UCS experts work to analyze practical,
cost - effective strategies for lowering America's
coal use — and have consistently demonstrated that closing down the dirtiest
coal - fired power plants would not adversely effect the reliability of our electricity
supply, nor would it significantly increase the
cost of electricity for consumers.
Even in the United States, different interests help shape different attitudes: Poorer Americans in states more dependent upon cheap
coal electricity are far less likely to support policies that would
cost jobs or significantly increase energy prices than are wealthier Americans on the coasts, whose energy
supply is already much cleaner.
In the US, there has been substantial political pressure over the role of
coal in the electricity system, leading to energy secretary Rick Perry to order a study on grid reliability and baseload power, which led to a controversial rule from the US Department of Energy allowing conventional generators to receive
costs from
suppliers to remain available, even when they are not required by the market.
How long will an ever - dwindling
supply of
coal remain the dominant source of global energy, and at what
cost?
Categories excluded are: non-CO2 emissions in buildings and transport, part of material efficiency options, heat production and cogeneration in energy
supply, heavy duty vehicles, shipping and high - occupancy passenger transport, most high -
cost options for buildings, wastewater treatment, emission reduction from
coal mines and gas pipelines, fluorinated gases from energy
supply and transport.
NSPI claimed that Venezuela had breached provisions of the treaty by directing its wholly owned
coal supply company to suspend their agreement and call for its renegotiation, acts that NSPI alleged
cost it at least $ 180 million.
It's goal is to
supply a reliable,
cost - effective
supply of electricity through a variety of sources including clean
coal, natural gas, solar, wind and hydroelectric facilities.