What is usually missing from
estimates of coal reserves is a rigorous appreciation of how changes in economics (both prices and costs) and technology could affect reserve estimates.
The application, submitted in 2005, covers a tract projected to contain about 56 million
tons of coal reserves.
If we don't take steps to make smarter, cleaner
use of our coal reserves, just tell me which 12 hours of the day you want your lights turned off.
The first and foremost conclusion from this investigation is that data
quality of coal reserves and resources is poor, both on global and national levels.
Other considerations, particularly those regarding the
composition of coal reserves and of coal production, are of equal, if not more, importance.
Yes, we know that there's supposedly centuries worth
of coal reserves in the US Western States.
To stay below that threshold, Citigroup estimates that one - third of oil reserves, half of natural gas reserves, and 80 per
cent of coal reserves need to stay in the ground.
Development
of the coal reserves of the Basin would occur at a time when the world is beginning to shift away from fossil fuels in an attempt to avoid dangerous changes in the global climate system.
With more than 30 years»
worth of coal reserves secured for our use, we'll be providing members with stable energy for decades to come.
Under a 2 - degree scenario, Citigroup says about one - third of oil reserves, half of natural gas reserves, and 80 per cent
of coal reserves need to stay in the ground.
Schumacher's estimated that the UK would still has lots
of coal reserves for the next 200 years although some will have been sterilised by closures of all but a few collieries after the defeat of the NUM..
However, recently Dr. Werner Zittel and Jorg Schindler and their Energy Watch Group have written an important paper «Coal: Resources and Future Production» that shows that there are major problems with the
reliability of coal reserves, and indicates that the reserves may be too high.
The miners lost and the coal industry was savagely reduced Nobody at that period claimed there was a
shortage of coal reserves in the UK.
Additionally both China and India increasingly dominate
ownership of coal reserves with 117 companies identified producing 3 billion tons of coal a year with 150 billion tons of coal in reserves.
Forecasts by the Intergovernmental Panel on Climate Change assume more or less infinite
replenishment of coal reserves, in line with traditional economic theory.
Leading Australian climate scientists and a Nobel Laureate have written an open letter to banks around the world, asking that they refuse to financially support the
exploitation of coal reserves in the Galilee Basin because emissions from the coal would aggravate global climate change and jeopardise the future of humanity.
There are numerous smaller
pockets of coal reserves on the islands of Sumatra, Java, Kalimantan, Sulawesi and Papua but the three largest regions of Indonesian coal resources are:
«
Exploitation of the coal reserves in the Galilee Basin is fundamentally incompatible with the international goal to limit global warming to 2 degrees, a limit that if surpassed, will see millions of people suffer due to sea - level rises and increased intensity of severe weather events such as droughts and floods,» said Professor Karoly.
«Keep it in the Ground» has been a rallying cry for groups working to fight climate change, after researchers calculated that at least a third of known oil reserves, half of gas reserves and 80
percent of coal reserves should not be burned to prevent an average global temperature increase of more than 2 degrees Celsius.
Present
estimates of coal reserves are based upon methods that have not been reviewed or revised since their inception in 1974, and much of the input data were compiled in the early 1970s.
While it viewed the moratorium as «poor policy,» Peabody enjoys «a comfortable
amount of coal reserves,» Svec said.
This shift would mean around 45 per cent of oil, 50 per cent of gas and 80 per
cent of coal reserves are unburnable.
After all, while he attempts to interfere with progress by making such statements, our entire energy infrastructure is crumbling, our natural gas supplies continue to dwindle, we don't have nearly enough engineers and skilled labor to expand nuclear development the way they claim we can, and our decision - makers (until very recently) have been under the false assumption that we have 250 years
worth of coal reserves.
Estimated Recoverable Reserves (coal): An estimate
of coal reserves, based on a demonstrated reserve base, adjusted for assumed accessibility and recovery factors, and does not include any specific economic feasibility criteria.
Murray Energy, together with Foresight, has over three billion tons
of coal reserves.
To hold global warming to 2C, scientists estimate more than 80 %
of coal reserves, half of natural gas and a third of oil can not be burned.
The US has 28 %
of coal reserves and appears to plan to sit on them, using a small fraction for local consumption.
Most (80 % plus)
of the coal reserves of Europe, two - thirds of the coal reserves of Russia and Ukraine and 30 per cent of surface - mineable reserves in the USA are lignite and thus subject to this constraint.
Also in January, a scientific analysis published in Nature concluded that 80 %
of coal reserves, 50 % of gas reserves and 33 % of oil reserves were unburnable if warming is to be limited to 2C.
A study in January indicated that 80 %
of coal reserves, half of gas and a third of oil would have to stay in the ground.