coal – Karma

China, Japan Adding Coal Plants While Rest of the World Moves On

Mark Shenk — Fri, 03 Apr 2020 10:00:08 +0000

Global coal capacity grew last year grew for the first time since 2015 At the same time, coal plants retired at an accelerating pace in the U.S. and Europe, coal use dropped overall and capacity utilization fell. Coal burning will have to be slashed 80% by 2030 in order to meet the goal of keeping […]

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Miner Threats: Industry Not Addressing Global Warming, While Flooding, Drought Risks Rise, McKinsey Says

Mark Shenk — Thu, 30 Jan 2020 01:39:09 +0000

The world’s mining industry is doing little to curb greenhouse gases and combat global warming, raising the possibility of a backlash from governments and society, McKinsey says. At the same time, physical challenges to the industry, exacerbated by climate change, threaten mining operations around the world, the consultant said. McKinsey’s new report warns that the […]

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Madrid Climate Talks End With Whimper, as Countries Negotiate Non-Binding Statement

Mark Shenk — Mon, 16 Dec 2019 21:49:32 +0000

This year’s United Nations climate talks ended with a weak statement calling for greater efforts to tackle greenhouse emissions, a result that many observers, including U.N. Secretary-General Antonio Guterres, called a disappointment. Hopes ran high two weeks ago when talks began in Madrid that agreements might be reached on binding emissions targets and rules of […]

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As Coal Use Declines, Increases in Global Emissions Rate Slows, Study Says

Bruce Rule — Wed, 04 Dec 2019 19:29:01 +0000

Carbon dioxide emissions around the world are rising less than last year, thanks to the developed world’s shift away from coal and into more renewable energy sources. But the drop isn’t steep enough, scientists caution. Emissions are expected to rise 0.6% this year from 2.1% in 2018 as coal use fell in the U.S. and […]

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BNP Paribas, Feeling the Heat from Critics, Says It Will Quit Financing Coal Projects by 2040

Bruce Rule — Fri, 22 Nov 2019 21:21:18 +0000

BNP Paribas, criticized as one of the leading Western financiers of coal expansion, says it will cease all financing of the sector worldwide by 2040. The Paris-based bank, and the French financial sector in general, is being pressured by the country’s Ministry of Economy and Finance and environmental activists to abandon coal and help achieve […]

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Renewables Still a Better Bet Than Coal After Trump Rolls Back Waste Regulations

Mark Shenk — Mon, 04 Nov 2019 22:35:27 +0000

The Trump administration’s rolling back of rules protecting the environment from hazardous coal plant waste comes late in the game — coal isn’t growing, nor is there much financial impetus to revive the industry. Coal is losing market share to renewables and natural gas. The rollback today of two measures enacted in 2015 is the […]

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Utilities Face a Choice to Stand in the Way of Renewables or Switch and Profit

Mark Shenk — Fri, 16 Aug 2019 19:51:34 +0000

America’s utilities are facing a choice when it comes to renewables: Jump in and profit or dig in their heels and risk becoming unprofitable. About 64% of the 4.2 billion megawatt-hours of electricity the U.S. generated by utility-scale facilities last year came from fossil fuels, while only 17% came from renewables, according to the Energy […]

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US-China Trade War Risks Creating ESG Black Hole

Michael Moran — Tue, 18 Jun 2019 19:16:04 +0000

The escalating tariff war between the world’s two largest economies isn’t just hurting Chinese investment in the U.S. It may lead China to abandon its baby steps toward adopting ESG principles. Chinese direct investment in the U.S. has plunged 90% — to $5 billion last year from a record $46 billion in 2016, according to […]

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Norway’s Sovereign Fund Tightens Ban on Coal Assets, While Seeking Renewable Energy Investments

Michelle Lodge — Fri, 05 Apr 2019 19:55:54 +0000

On Our Radar: Deals we are paying attention to for their impact on industry. Coal assets aren’t going away, but renewable-energy infrastructure ones are seeing the welcome mat in Oslo. That’s the latest news on Norway’s $1 trillion sovereign wealth fund, according to Bloomberg on April 5. Specifically, the fund is tightening its ban on coal assets, […]

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