Investors want assurances that capital is not being spent on high - cost, high - carbon projects that may not be competitive
as global coal demand declines.
Not exact matches
FCA's CEO Chris Ragot said «
Demand for export
coal has significantly increased
as global supplies tighten.»
As a result of the strong
global demand for steel, coking
coal producers negotiated an increase of around 120 per cent in contract prices, with iron ore contract prices generally rising by more than 70 per cent (Graph 39).
While the U.S. boom in shale gas helped push the fossil fuel's share of total
global energy consumption from 23.8 to 23.9 percent,
coal also increased its share, from 29.7 to 29.9 percent,
as demand for
coal - fired electricity remained strong across much of the developing world, including China and India, and parts of Europe.
International markets remain outstanding in the Pacific Rim, with China and India
coal import
demand continuing at record rates and developed economies running at higher capacity factors
as they recover from the
global financial crisis.
My sense is that they take green tech seriously
as a
global business sector and a way, internally, to limit
coal and oil
demand and dependence, but I don't perceive the Chinese taking low carbon seriously
as an internal policy goal (if that means a carbon intensity trajectory more than a nudge below what will happen anyway for other reasons).
The
global coal industry regularly cites the IEA's «New Policies Scenario»
as driving huge growth in
demand, and solving energy access problems.
As a result of these contrasting trends,
global coal demand reaches 5 530 Mtce in 2022, which is only marginally higher than current levels, meaning that
coal use all but stagnates for around a decade.
The about - to - retire Executive Director of Greenpeace USA, Phil Radford, unabashedly points to Ross Gelbspan
as «the lone voice, the moral compass, the beacon that has inspired countless people, me included, to
demand our country and our future back from the
coal and oil interests behind
global warming» (full text here).
Disruptions in the
global coal supply chain from natural disasters, such
as typhoons and flooding in Australia's key
coal mining region, have resulted in higher
demand for U.S.
coal worldwide.
(11/15/07) «Ban the Bulb: Worldwide Shift from Incandescents to Compact Fluorescents Could Close 270
Coal - Fired Power Plants» (5/9/07) «Massive Diversion of U.S. Grain to Fuel Cars is Raising World Food Prices» (3/21/07) «Distillery
Demand for Grain to Fuel Cars Vastly Understated: World May Be Facing Highest Grain Prices in History» (1/4/07) «Santa Claus is Chinese OR Why China is Rising and the United States is Declining» (12/14/06) «Exploding U.S. Grain
Demand for Automotive Fuel Threatens World Food Security and Political Stability» (11/3/06) «The Earth is Shrinking: Advancing Deserts and Rising Seas Squeezing Civilization» (11/15/06) «U.S. Population Reaches 300 Million, Heading for 400 Million: No Cause for Celebration» (10/4/06) «Supermarkets and Service Stations Now Competing for Grain» (7/13/06) «Let's Raise Gas Taxes and Lower Income Taxes» (5/12/06) «Wind Energy
Demand Booming: Cost Dropping Below Conventional Sources Marks Key Milestone in U.S. Shift to Renewable Energy» (3/22/06) «Learning From China: Why the Western Economic Model Will not Work for the World» (3/9/05) «China Replacing the United States and World's Leading Consumer» (2/16/05)» Foreign Policy Damaging U.S. Economy» (10/27/04) «A Short Path to Oil Independence» (10/13/04) «World Food Security Deteriorating: Food Crunch In 2005 Now Likely» (05/05/04) «World Food Prices Rising: Decades of Environmental Neglect Shrinking Harvests in Key Countries» (04/28/04) «Saudis Have U.S. Over a Barrel: Shifting Terms of Trade Between Grain and Oil» (4/14/04) «Europe Leading World Into Age of Wind Energy» (4/8/04) «China's Shrinking Grain Harvest: How Its Growing Grain Imports Will Affect World Food Prices» (3/10/04) «U.S. Leading World Away From Cigarettes» (2/18/04) «Troubling New Flows of Environmental Refugees» (1/28/04) «Wakeup Call on the Food Front» (12/16/03) «
Coal: U.S. Promotes While Canada and Europe Move Beyond» (12/3/03) «World Facing Fourth Consecutive Grain Harvest Shortfall» (9/17/03) «Record Temperatures Shrinking World Grain Harvest» (8/27/03) «China Losing War with Advancing Deserts» (8/4/03) «Wind Power Set to Become World's Leading Energy Source» (6/25/03) «World Creating Food Bubble Economy Based on Unsustainable Use of Water» (3/13/03) «
Global Temperature Near Record for 2002: Takes Toll in Deadly Heat Waves, Withered Harvests, & Melting Ice» (12/11/02) «Rising Temperatures & Falling Water Tables Raising Food Prices» (8/21/02) «Water Deficits Growing in Many Countries» (8/6/02) «World Turning to Bicycle for Mobility and Exercise» (7/17/02) «New York: Garbage Capital of the World» (4/17/02) «Earth's Ice Melting Faster Than Projected» (3/12/02) «World's Rangelands Deteriorating Under Mounting Pressure» (2/5/02) «World Wind Generating Capacity Jumps 31 Percent in 2001» (1/8/02) «This Year May be Second Warmest on Record» (12/18/01) «World Grain Harvest Falling Short by 54 Million Tons: Water Shortages Contributing to Shortfall» (11/21/01) «Rising Sea Level Forcing Evacuation of Island Country» (11/15/01) «Worsening Water Shortages Threaten China's Food Security» (10/4/01) «Wind Power: The Missing Link in the Bush Energy Plan» (5/31/01) «Dust Bowl Threatening China's Future» (5/23/01) «Paving the Planet: Cars and Crops Competing for Land» (2/14/01) «Obesity Epidemic Threatens Health in Exercise - Deprived Societies» (12/19/00) «HIV Epidemic Restructuring Africa's Population» (10/31/00) «Fish Farming May Overtake Cattle Ranching
As a Food Source» (10/3/00) «OPEC Has World Over a Barrel Again» (9/8/00) «Climate Change Has World Skating on Thin Ice» (8/29/00) «The Rise and Fall of the
Global Climate Coalition» (7/25/00) «HIV Epidemic Undermining sub-Saharan Africa» (7/18/00) «Population Growth and Hydrological Poverty» (6/21/00) «U.S. Farmers Double Cropping Corn And Wind Energy» (6/7/00) «World Kicking the Cigarette Habit» (5/10/00) «Falling Water Tables in China» (5/2/00) Top of page
Global demand for wooden pellets, used to replace
coal in the generation of electricity, has risen considerably in recent years
as governments seek ways in which to cut carbon emissions and reduce fossil fuel reliance.
In recent years,
global demand for
coal has dropped too,
as China — the world's largest producer and consumer of the energy source — suffers from oversupply.
In fact,
global demand for oil is expected to cross the 100 million bpd threshold within a few years, potentially surpassing
coal as the largest source of CO2 emissions within a decade.
The increase in emissions of the all - important greenhouse gas came
as global energy
demand itself increased thanks to strong economic growth — and that
demand was sated by all types of energy, including renewables but also oil,
coal and natural gas.
By 2022,
global coal demand is expected to reach 5,530 Mtce, the same
as the average of the last five - year period, and meaning that
coal use will have had a decade - long period of stagnation.