Discover and read the best of Twitter Threads about #coal

Most recents (24)

Coking coal futures rise more than 4% in Dalian, while stainless steel and hot-rolled coil contracts in Shanghai up 2.5%.
#China #futures #steel #coal
China's most-traded iron ore futures fall over 3.5% in the morning trade.
#China #ironore #commodities #futures
Iron ore futures extend loss to 5%, back to 1066 yuan per ton, the lowest since May 31.
The steel capacity limitation set by the industrial department still has negative impacts on the iron ore demand.
#Iron #Ironore #steel
Read 8 tweets
[THREAD]

What is The #Coal Bearing Areas (Acquisition and Development) Amendment Bill, 2021 proposed in the #ParliamentMonsoonSession ? #CBA2021

#coal #mining #FossilFuels #land #lawforall

@iep_india @CBA_Raipur @JharkhandJanad1 @AdivasisMatter @ForestRightsAct

1/10
#CBA2021 amends #Coal Bearing Areas Act, 1957 which currently allows #CentralGovernment to acquire #land only for Govt Companies i.e #CoalIndiaLimited & only for #mining purposes.

#Land was not be used for permanent infrastructure e.g.roads, rail

coal.nic.in/major-statisti… 2/10
The #CBA2021 will allow central government to do three things:

1. Give rights to #State Govts to lease #land to successful bidders of 2020 #CoalAuctions.

Private sector is incentivised and spared of #landacqusition #compensation
Read 11 tweets
[thread] We are seeing a lot of #greenwash from Adani Group lately, so we dug through its corporate reporting to get the full picture regarding its #coal, #oilgas ambitions. The results were alarming.

Despite #renewables being cheaper than coal in India there's this👇#StopAdani
Adani Group not only plans to increase coal burning, it is also planning a major increase in thermal #coal mining. Both in #Australia and #India.

#StopAdani
Adani Ports apparently has a "carbon neutrality by 2025" goal 🤣🤔 - and yet it is building new coal and LNG terminals at its ports.

#StopAdani
Read 6 tweets
Been thinking on a chart @trader_ferg shared the other week. How global energy use growth has historically predicted GDP growth. Some think this relationship will decouple over the next couple decades. I do not believe that view.
We know that since 2000 (and much further back) that this relationship holds. It’s worth asking the question what drove energy growth world wide. Thankfully, BP puts out a world energy review every year that provides a good basis to see the historical trend.
Interestingly world primary energy growth between 2000 - 2019 is focused in Non-OECD countries, specifically China. Of the 189.4 Exajoules (EJ) of WW energy growth, 99.25 EJ of growth came from China. Just over 52% of world energy growth from the last 19 years occurred in China.
Read 16 tweets
Around the world, we're seeing momentum towards #netzero pick up speed says @MLiebreich. Countries are turning commitments into formal contributions. #IEEFA2021
Are we in a world where countries are meeting their #netzero pledges—or a world in which promises are empty and nothing's being done? We'll look at that question says @MLiebreich. #IEEFA2021
We are at or near peak emissions says @MLiebreich. #IEEFA2021
Read 17 tweets
We released a report yesterday w/ @350Montana & @GridLabEnergy on "Affordable & Reliable
Decarbonization Pathways for
Montana." Here is a short thread...
First, report is here: vibrantcleanenergy.com//wp-content/up…

Second, Exec summary is here: vibrantcleanenergy.com//wp-content/up…

Third, More can be found @350Montana: 350montana.org/2021/05/27/the…
We performed five scenarios for the MT #grid. Long-story-short, the MT grid can run #reliably without #coal or #naturalgas & become 100% #renewable by 2035. MT still needs import/exports w/ other regions; but exports far more than imports. Image shown is 2050.
Read 15 tweets
(2) Who wants to tell the World’s Smartest Man how electricity is generated in China? $TSLA
(3) From our notes from the $TSLA 2Q 2019 10-Q. Note the power source for the Shanghai factory, per the specifications. #Coal Image
Read 3 tweets
New report: ‘The Sky’s The Limit’ finds huge falls in the cost of #solar & #wind power have unlocked an energy reserve that can meet world demand 100x over! Most is already economic compared with #FossilFuels carbontracker.org/reports/the-sk…
At current growth rates, #renewables will push #FossilFuels out of the electricity sector by 2035, & 2050 could see a world powered entirely by electricity. Author @KingsmillBond says: “we're entering a new era, comparable to the industrial revolution” carbontracker.org/reports/the-sk…
.@KingsmillBond continued: "Geopolitics will be transformed as nations are freed from expensive imports of #coal, #oil & #gas. Clean #renewables will free the planet from the impact of fossil fuel pollution." carbontracker.org/reports/the-sk…
Read 6 tweets
What is happening in #India’s #coal sector?
#Coalblock auctions find few bidders; @CoalIndiaHQ mulls diversification into manufacturing; power producers like @ntpclimited and @AdaniOnline eye not just coalblocks but also discoms. 1/10
In this set of articles, @carboncopyinfo and I argue much of this churn is explained by the ongoing crisis in coal-based power. As the sector drifts, India’s coal-majors – be it miners or coal-based power generators – are planning their own pivots. 2/10
And so, this thread.
Story One: Why Coal-Based power is in trouble (and why things won’t improve). carboncopy.info/strange-times-… 3/10
Read 12 tweets
⚡️ 10 Tweet Thread - Global Power Sector in 2020

What happened in 2020?
⏸️Pandemic paused electricity demand growth
⏩Wind and solar grew +315 TWh (+15%)
⏪Replacing coal generation -346 TWh (-4%)

[1/10] Ember's #GER21 Report
ember-climate.org/global-electri…
Growth in #wind and #solar helped drive global #coal power to a record fall of 4%.

Except in China. Despite impressive wind & solar growth, this didn’t keep up with electricity demand, so coal rose to fill the gap.

[2/10] #GER21
ember-climate.org/global-electri…
Almost a TENTH of global electricity in 2020 was supplied by wind turbines and solar panels.

Impressively, it has doubled since 2015, from 4.6% to 9.4%.

Most G20 countries are on the same journey, around the global average 🇮🇳🇨🇳🇯🇵🇧🇷🇺🇸🇹🇷

[3/10] #GER21
ember-climate.org/global-electri…
Read 10 tweets
10 march: #victoria announces deal to subsidise #coal power station to stay operating.

17 march: #victoria introduces legislation to add a ~$5000 tax on electric vehicles.

🚗🔋➡️💸➡️🏭

taxing climate solutions & subsidising coal.

welcome to the upside down. #springst #auspol
$330/year x 15 years = $4,950

the new MG ZS EV costs $43,990 on the road.

ie. #victoria's new #EV tax works out to be about 11%.

…buy an #EV in victoria and pay more in #EV tax than GST.
with #EVs at 0.7% market share and #victoria's transport emissions rising…

now is the *worst* time to slap on an 11% #EV tax.
Read 4 tweets
11 March 2021 marks the 10th anniversary of the #Fukushima nuclear accident. Due to Fukushima, Germany reinstated in 2011 the nuclear phase-out decided in 2000, after a short 10-month-period of abandoning it - and the #Energiewende became political consensus. A thread on FAQs: /1
To start: Where do we currently stand in the #nuclear phase-out in DE? Since 2000, 13 nuclear power plants have been shut down, 11 of which since 2011. Six more will follow by the end of 2022. So far, we have achieved a good half of the nuclear phase-out. /2
Now to the FAQs:
(1) How has the share of nuclear power changed since 2011? The share of #nuclear power in the #electricity mix in DE has halved from 22% (2010) to 11% (2020), while the share of #renewables has more than doubled from 17% (2010) to a full 45% (2020). /3
Read 15 tweets
@JesseJenkins @ERCOT_ISO spokesman says 34 GW went offline. "Majority" were thermal—#gas, #coal, #nuclear. "We don't know exactly why, but ... we'll figure out why that happened."
@JesseJenkins @ERCOT_ISO I'm awaiting @ERCOT_ISO clarification on precisely which generators/capacity went out or are still out, and how #wind and #solar capacity is factored into or compared as basis of total outage. 34 GW is a lot—ERCOT total installed capacity at 2020-end was ~77.2 GW.
@ERCOT_ISO @ERCOT_ISO: "Most of those generators that went offline ... last night, were either—there a few additional wind generators that went offline during the night—but the majority of them were thermal generators, like generation fueled by gas, coal, or nuclear"
Read 3 tweets
I watched original The Corporation and watched “The New Corporation” on @CraveCanada today. If you care about the state of affairs un your world watch it! thenewcorporation.movie & agree with @terry_truchan & @Shratno to just watch it... sharing my takeaways in what follows 1/12
Beware of Corporate branding that uses “friend & ally” brand messaging “we are a good company” we’re innovating to help you etc ... this could be big corporations simply white washing their brand to conceal their true agenda 2/12
Another one to watch out for is “our business has innovated & solved this problem” & then they take over government operations & lobby 4 deregulation edicts creates a monopoly for them i.e. Alberta’s privatizing Alberta Registries department with exclusive 35 yard contract 3/12
Read 15 tweets
🧵 my theory is that everybody knows they're being lied to, but few have the time to find out just how. i'm here to help.

here's how @mattjcan🤥 is lying to you:

#1. he says "gas _now_ sets australian electricity prices". the truth is it has for years…
…gas generation in the NEM hit a 15 year low last year, yet it still plays a major role in setting the price.

why? because coal and hydro plants "shadow price" gas.

ie. they set their bids just below the cost of gas to maximise their profits.

see
#2. @mattjcan🤥 tries to make a connection between rising gas prices and blackouts in sydney.

that's just soooo wrong!

these blackouts were due to problems in the distribution network ("poles and wires").

there have been no incidents of load shedding in NSW recently.
Read 8 tweets
"Science is telling us we don't have a moment to lose to fight," says @Gina_McCarthy, the @WhiteHouse national climate adviser. Image
"We're going to take a whole-of-government approach" to combatting the #ClimateCrisis, vows @Gina_McCarthy.
"Climate change is the most significant public health challenge of our time," according to @Gina_McCarthy.
Read 21 tweets
1/ As a big fan of disruptions I truly recommend to check this @stevenmarkryan video, where he is underlining the points of #RethinkX presentation "Rethinking Energy 2020-2030". In addition of remarks to $TSLA also #TonySeba and #CathieWood mentioned.

2/ The original video here
3/ ARK Invest Big Ideas 2020

1. Deep Learning
2. Streaming Media
3. Electric Vehicles
4. Automation
5. 3D Printing
6. Autonomous Ridehailing
7. Aerial Drones
8. Next Generation DNA Sequencing
9. Biotech R&D Efficiency
10. Digital Wallets
11. Bitcoin
Read 6 tweets
Two centuries of energy transitions in one animated graphic: see how U.S. energy use has changed from 1800 to today using our interactive Sankey animation at us.sankey.rdcep.org. 1/x
#EnergyTransition #EnergyPolicy
Our work on U.S. energy history is the subject of a new article by @yayitsrob at @TheAtlantic
In this thread, we’ll highlight some of the most exciting findings and figures from our research. 2/x
theatlantic.com/science/archiv…
A historical puzzle: the U.S. is a strange outlier in its "energy intensity", using far more energy per dollar of GDP than most other countries, even over the same historical period. See our answer at bit.ly/3o8o8Qu. 3/x
#EnergyHistory
Read 8 tweets
Thread on #coal

Thermal Coal Demand

The narrative is that thermal coal is in terminal decline & will be replaced by renewables and nat gas moving forward

Coals in decline in developed countries, but we often overlook the fact that developed countries are the minority globally
Coal still accounts for almost 40% of global electricity production

It pays to remember is that developed countries comprise of 1.3B people while developing is 6.5B people which based on demographics is on the way to 8-8.5B people by 2050.

This doubles the energy system.
Where does coal demand stand currently?

There is 1,790,642 MW operating globally (1m MW is in China)

There is 199,572 MW under construction or +11%

There is 297,829 MW planned or +17%

So in total, this means adding nearly 1/3 to the current global coal plants

Decent growth..
Read 5 tweets
So a decade ago @Gautam_Adani invested $1bn in a HALE thermal #coal deposit 400km from anywhere in the Galilee.

At the same time Mr Adani invested $40m in a 40MW #solar project.

So fast forward to 2020: which investment is doing better?
So @AdaniAustralia's Carmichael coal remains a stranded HALE coal deposit with zero revenues, nets debts of A$2.1bn and negative A$786m shareholders "equity" (plus a royalty holiday for the rest of this decade, thanks to @AnnastaciaMP & @glencore's @mattjcan).
In contrast, #Adani Green Energy - with a US$15bn market capitalisation - is by value now the largest energy firm in India, by a mile (having overtaken the 65GW @ntpclimited giant last month)! 🇮🇳✅
Mr Adani owns 75% worth US$11bn!
And zero subsidies, emissions or pollution.
Read 4 tweets
Wow - the biggest thermal power generator in Japan - JERA commits to net zero emissions by 2050 and as an interim measure, will close all outdated polluting supercritical / subcritical coal-fired power plants by 2030. 🇯🇵✅
energy.economictimes.indiatimes.com/news/coal/japa…
This follows Mitsui & Co's announcement to exit coal fired power generation in Asia by 2030 earlier this week! 🇯🇵✅
And follows Marubeni Corp's landmark pivotal September 2018 announcement to exit coal fired power plant EPC and progressively divest from its existing #coal power.
Which I'm proud to saw @simonjnicholas & I suggested in July 2018. 🇯🇵✅
ieefa.org/ieefa-report-m…
Read 16 tweets
The world's largest investor in #RenewableEnergy, @NextEraEnergy, sees US wind costs declining by 10% annually for the next four years, so even as subsidies cease, #wind will be the low cost source of new supply. #coal can't compete. 🇺🇸✅
investor.nexteraenergy.com/~/media/Files/…
And @NextEraEnergy expects ~10% annual solar deflation to continue as well, remaining the second lowest source of new electricity in the US.
And batteries are seeing deflation of ~16% pa, meaning 4 hour storage will cost ~US$4-9/MWh by 2022, challenging peaking applications for fossil gas (solar already destroys that antiquated idea of gas base-load).
Other than @ScottMorrisonMP, who thinks a gaslit recovery works?!
Read 8 tweets
The Sullivan Creek #coal mine, before and after!
It's one of several mines reclaimed around #AlderPoint #CapeBreton in the late 1900s/early 2000s - examples of how mining makes temporary use of land and then land can be used other ways.
#nspoli #cbpoli #novascotia @JaimeBattiste ImageImage
The first mine in the area was the Scotia Mine, or #NovaScotia Steel & Coal Company No. 4 Colliery, on Toronto Road, which operated on the Sydney Main (Harbour) Seam from 1915 to 1921.
#nspoli #cbpoli #novascotia @JaimeBattiste ImageImage
Coal quality and structural issues (including water inflow) plague the Harbour Seam west of Florence so upon closure of the colliery, production on the Harbour Seam was limited to the Company’s No. 3 Colliery in Florence, which had opened in 1902...
#nspoli #cbpoli #novascotia ImageImage
Read 19 tweets
1/10 Tomorrow, @EU_Commission President @vonderleyen will make her 1st #SOTEU speech. The #VdLCommission’s been off to a good start with an ambitious #green agenda & the #EUGreenDeal, but the real test of her green credentials is yet to come...
2/10 Our #EU experts @manondf + @Pieter_de_Pous will be live-tweeting highlights during tomorrow’s #SOTEU speech at 9:00AM CEST.

If you’re interested in #euclimate be sure to follow along! In the meantime, here are some major areas we’ll be looking out for 🧐👇
3/10 Pressure by many including @Fridays4future and a #Green wave during last year’s @Europarl_EN elections left @vonderleyen with little alternative than to elevate the #green agenda to unprecedented prominence.

e3g.org/publications/t… #SOTEU @QuentinGenard
Read 43 tweets

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