Not exact matches
He noted that U.S.
coal companies are
already positioning themselves to boost exports, especially to energy - consumptive countries like China, as domestic
demand for
coal continues to drop off.
Beijing's plans to tackle pollution largely target
coal - fired power, which will hit
already slowing
demand in the world's top importer of the fuel.
Australia can't contribute more than a small fraction of just China's
demand for
coal which has
already resulted in the international traded price of
coal increasing with more increases likely in the future.
They hope to continue gaming the system by selling carbon credits of doubtful authenticity on an
already corrupt market, and
demanding climate reparations and technology transfers from the West, while remaining free to build their own clean modern and efficient
coal / gas / nuclear / hydro energy grid.
Enough
Already: Meeting 2 °C Powder River Basin
Coal Demand Without Lifting the Federal Moratorium
Already, the impact of reduced
demand, growing renewables, and rooftop solar, is causing a decline in output in
coal generation, bringing capacity factors down sharply, particularly for black
coal generators.
We've
already seen in Australia how rooftop solar, improved efficiency, and a low carbon price have reduced
demand for grid electricity resulted in the shutdown of gigawatts of
coal power and the shelving of plans for new gas capacity.
But while India's power
demand will double over the next decade, its draft National Electricity Plan (NEP) calls for rising
demand to be met with 275 gigawatts (GW) total renewable energy capacity by 2027, without requiring new
coal plants beyond those
already under construction.
Environmental regulatory requirements may have been the straw that broke a baseload's camel's back — particularly for
coal plants — but it appears that most baseload plants were
already burdened by the effects of low natural gas prices, eroding customer
demand, and lower capacity factors before the incremental burden of new regulations tipped the balance over to retirement.»
At a time when industry analysts laughed at the suggestion, Carbon Tracker was
already modelling the impact of Chinese thermal
coal demand peaking on the seaborne markets.
But many states and regional transmission organizations and grid operators are
already planning for a future with less
coal, and are turning to increased transmission for wind and gas - fired power plants to
demand response to meet future
demand.
The WSJ concludes: «The market distortions caused by over-reliance on expensive but undependable power
already have pushed German utilities to rely more on cheap and dirty
coal - fired power plants to make up the shortfall when renewable sources can't meet
demand.»