«At 50 MW — 350 MW, modular units could provide efficiency and cost benefits, but probably wouldn't have significant impact
on coal demand given the number of coal - fired unit retirements / closures being considered and the length of time this would take to get to the commercial stage (5 — 10 years).
Not exact matches
A housing and construction rebound has boosted industries including steel and
coal, and while many sectors continue to struggle with overproduction, domestic
demand has held up reasonably well, with trade data
on Thursday showing a surprising improvement in imports.
Peabody Energy, the nation's biggest
coal producer, has been
on a gradual slide down the Fortune 500 over the past few years, as falling
demand for
coal hit it hard.
«Talking to
coal exporters there, «Greed & fear» hears that
demand from China for
coal is strong while, interestingly, in stark contrast to past practice, China SOE steel producers now pay
on time.»
Alberta prides itself
on being the only jurisdiction in North America that
demands coal - fired power plants, oilsands upgraders and other large industrial facilities reduce their greenhouse gas emissions.
To beat the cold, China has temporarily eased restrictions
on coal production until the end of the year as Premier Li Keqiang said there was a need to balance
demand to ramp up power output against pollution control.
With supply remaining abundant and
demand staying weak, the debate continues
on when Peak
Coal will occur in China.
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.
Cele notes that, «the
demand from China for iron - ore continues to grow, but at a declining pace, further exacerbating pricing pressure,» meaning that Vale's considerable investment in nickel,
coal, fertilisers and copper will only partially mitigate the impact of the increase in iron - ore mining capacity globally
on the company.
The prices of other sources of energy, such as
coal and gas, also appear to be affected by oil price movements, though these relationships are quite loose, and depend
on the state of world
demand and stock levels.
Rapid growth in global steel
demand has also boosted contract prices for other bulk commodities; coking
coal contract prices increased,
on average, by 25 — 35 per cent in US dollar terms in recent negotiations, while iron ore contract prices have risen by close to 20 per cent.
Those winter shutdowns were expected to dampen
demand and prices for Australian iron ore and
coal in particular, but prices for both commodities have remained strong; iron ore prices have surged 26 per cent since October 31 to be fetching $ US77.74 per tonne
on Tuesday, according to Metal Bulletin.
It seems that US
coal employment (what remains of it) is now, like US
coal production, dependent
on exports, as domestic
demand inexorably crumbles beneath it.
The reasons are familiar by now: cheap natural gas, cheap renewables, stagnant electricity
demand, and old
coal plants getting outcompeted
on the market.
I wrote a longer post
on the subject here, but the TL; DR version is: In the first decade of the 21st century, Chinese
demand for
coal went through the roof.
Poland could halve its
demand for
coal by 2030 with a shift to renewable energies that would end its image as a laggard in European Union efforts to slow climate change, a study showed
on Friday.
«The CO2 emissions related to China's exports are large not just because they export a lot of stuff or because they specialize in energy -
demanding industries, but because their manufacturing technologies are less advanced and they rely primarily
on coal for energy,» said co-author Klaus Hubacek, a University of Maryland professor of geographical sciences.
Over the years, consumers have learned to expect electricity
on demand from power plants that run
on coal, natural gas or oil.
The industry has faltered because of declining global
demand and low natural gas prices, which have encouraged electric power companies to use gas instead of
coal to generate electricity, said Ray Rasker, executive director of Headwaters Economics, an independent research group focusing
on the economic implications of land management decisions in the West.
Why It Matters: The nation relies
on fossil fuels to meet its residential and industrial energy
demand, with
coal providing about half of the electricity consumed in the United States.
If I understand the above calculation correctly, it would seem that, in the electricity sector, we could mostly concentrate
on meeting additional
demand with efficiency and carbon neutral generation (and avoid some of the fights associated with replacing existing
coal generation plants); but if we need to reduce emissions by 80 % by 2050, then I am not sure whether this makes sense.
«Given that
coal supply is widely available from many sources, our time is better spent working
on leading toward a global commitment to cut carbon pollution
on the
demand side.»
Since they were presumably going to operate as base load as opposed to peaker power, it's likely they were intending to sign long term contracts so that their incremental addition to the
demand for
coal would be absorbed not by creating an additional
demand on the spot market but by identifying a fixed source with a standing order and putting a few American miners to work
on a full - time basis.
Democrats need to develop clean
coal legislation based
on current science and engineering, not sit around wringing their hands and whining, and not denying
coal permits when there is little else that can meet the
demand in the short run.
Coal is dying
on its feet, and, IMO, we're about to see oil
demand start to crater, too — Trumpism won't save it by desecrating US National Monuments.
While campaigners have focused
on stopping
coal export projects in the Pacific Northwest targeting Chinese
demand, there's a boom in American
coal exports to Europe (hey, wasn't Europe a leading supporter of the Kyoto Protocol?).
There is a lesson there for those of you
demanding a moraturium
on coal plants.
Addressing potential investors in Manhattan
on Thursday, Gregory Boyce, the chairman and chief executive officer of the world's biggest
coal company, Peabody Energy, simply gushed as he described how the company is ideally positioned to take advantage of «a long - term supercycle for
coal,» driven by rapidly growing
demand in Asia.
As I've written repeatedly, it's tough to sustain a focus
on long - term needs, like sustained research
on the frontiers of photovoltaics and energy storage, when congressional politics is about building short - term coalitions by satisfying
demands presented by influential players, from
coal companies to unions.
In May 2010, American Electric Power announced it planned to run 10 small
coal - fired power units
on a part - time basis starting in June as «the weak economy reduced
demand and low natural gas prices have made the use of some
coal units less profitable,» according to the company.
Coal companies have lost more than 90 percent of their value since the global coal bubble in 2011, and many companies have declared bankruptcy due to collapsing demand, oversupply on the international market, cheap natural gas prices, and new environmental regulati
Coal companies have lost more than 90 percent of their value since the global
coal bubble in 2011, and many companies have declared bankruptcy due to collapsing demand, oversupply on the international market, cheap natural gas prices, and new environmental regulati
coal bubble in 2011, and many companies have declared bankruptcy due to collapsing
demand, oversupply
on the international market, cheap natural gas prices, and new environmental regulations.
The larger problem is that the energy can be produced
on -
demand with the
coal but with PV it is produced during peak sunlight hours which in the UK is about 6 hours per day in the summer and 2 hours per day in the winter.
EPA - mandated emission limits
on conventional sources of electricity, especially
coal - fired power plants, are so restrictive that current technology can not meet their
demands.
Addressing potential investors in Manhattan
on June 17, 2010 Peabody's chairman and chief executive, Gregory Boyce, stated that «a long - term supercycle for
coal,» driven by rapidly growing
demand in Asia, would be extremely profitable.
But are you sure
coal demand will continue to really go down
on a global basis - I read that global
demand is going up because certain countries are builging alot of
coal fired facilities.
A result of
demand in China and India, he said, is that «Duke and others want to build a new power plant based
on inexpensive
coal, but the capital cost to build that plant is doubling before they even put a shovel in the ground.»
Coal - fired power plants supplementing bunker fuel - based power generating systems feed
on a seemingly endless permanently peaking power
demands of billions of consumers in all countries, sustaining the carbon emissions.
To cope with that exponentially rising
demand, China isn't just focusing
on traditional fossil fuels such as
coal, natural gas and oil.
In response to
demands from environmentalists as well as Senator Barbara Boxer (D - California), chair of the Senate Committee
on the Environment and Public Works, the EPA made public a list of 44 «high hazard potential»
coal waste dumps.
That's because a lot of the supply is in remote areas while the
demand is more
on the coast, and there's inadequate logistics capacity to move the
coal around.
«That
demands a speedy switch to the phaseout pathway, especially regarding conversion of
coal into electricity,» Barbara Hendricks, the German Environment Minister, said by e-mail before the deal was announced
on Saturday.
India's policymakers, for their part, have to deal with rapid development and population growth that make
coal indispensable to meeting the expected 3.5 percent increase in year -
on - year
demand for electricity between now and 2040.
The article discuss the inability to ship
coal on demand.
The group is
demanding an immediate halt to all shipments of fossil fuels through the Northwest and calling
on Governor Inslee to reject permits for all new fossil fuel projects in Washington, including proposed
coal and oil terminals.
Low natural gas prices make gas - fired generation economically attractive during periods of low
demand when operators in many parts of the country have more flexibility to choose between
coal - and natural gas - fired units based
on their dispatch cost.
Forecasts for global
coal demand, made by the IEA in 2011 through 2017 (blue lines), compared to data
on actual use (red), in millions of tonnes of
coal equivalent.
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.
But the impact
on the
coal industry is effectively doubled, because under the current policy scenario under which much of the industry is making its investment,
coal prices would be «significantly» higher, the IEA says, because of increased
demand.
Those are the sort of numbers that led India's Chief Economic Adviser, Arvind Subramanian, to criticize western obsession with renewables and
demand that, for now, the country focus its efforts
on coal.
As my colleague Gordon pointed out in a post last week, India is currently learning the most important lesson about its over-dependence
on outdated, centralized
coal - fired power: It is simply not flexible enough to accommodate India's real problem - peak
demand (the kind that happens when 20 million Delhi inhabitants turn
on their air conditioners or fans all at once).