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Index / Coal / Economics

Cecilia Jamasmie reports that water stress, air pollution concerns, new policies, carbon capture and storage challenges, as well as competition from nuclear, natural gas, and renewables are some of the main issues coal companies need to address immediately, a new study suggests. Published by the University of Oxford Smith School of Enterprise, the report details the level of exposure to environment-related risks of the main coal companies in the world.

Ben Caldecott, director of the Stranded Assets Program and lead author, says the coal industry is exposed to uncertainty over future... More →
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Find Out More »  |  Open Resource  |  2016/01/27  |  172 Report Broken   Tell A Friend

Index / Coal / Economics

ROMAN KILISEK reports that recently the Australian Prime Minister, Tony Abbott, warned at the opening of the Caval Ridge coal mine in Queensland against the demonization of coal. According to the Sydney Morning Herald, PM Abbott stressed that coal is good for humanity, coal is good for prosperity, coal is an essential part of our economic future here in Australia, and right around the world. He then went on to praise a great partnership with Japan in the coal industry. The PM Abbott remarks come on the heels of Chinese Ministry of Finance announcement that import tariffs for anthracite coal a... More →
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Find Out More »  |  Open Resource  |  2014/10/29  |  213 Report Broken   Tell A Friend

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Index / Coal / Economics

Zachary Shahan also reports on coal subsidies. The largest and yet most overlooked type of subsidy is related to externalities.

The full cost of a good is often not paid by the producer. That hidden cost is also not included in the price. But that cost is still being paid by others, which means that the price of that good is artificially low and is being subsidized by those others.

Such external costs (costs external to the company) are called externalities. Perhaps the most common type of externality is pollution. Pollution increases the costs of healthcare and degrade... More →
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Find Out More »  |  Open Resource  |  2017/04/17  |  11 Report Broken   Tell A Friend

Index / Coal / Economics

Over a quarter of the illegally constructed coal mines that were ordered to suspend operation and construction are still producing coal, according to China Coal Resource, with annual capacity reaching 235 million tons.

A total of 146 coal mines were ordered to suspend operations, but 38 of these continue to produce coal with 28 of these owned by large state-run firms, including Shenhua, China Coal Group, Shandong Energy and Yankuang Group.

These 28 mines account for 205 million tpy of production, China Coal Resource said, or 87% of the total coal produced the 38 illegally... More →
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Find Out More »  |  Open Resource  |  2016/05/14  |  142 Report Broken   Tell A Friend

Index / Coal / Economics

Greg Klein opines that coal might be perceived as a dirty 19th-century throwback but it is hard to imagine life without steel. For British Columbians, it might be hard to imagine life without the provinces traditional industries. To underscore that point, Resource Works released a study on the economic benefits of five B.C. metallurgical coal mines operated by Teck Resources.

Among the findings, the five mines supported 3,993 jobs in 2014 with a payroll totalling $457.6 million. Teck spent another $1.02 billion on goods and services for the quintet in 2014. Also attributed to the mi... More →
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Find Out More »  |  Open Resource  |  2015/11/18  |  213 Report Broken   Tell A Friend

Index / Coal / Economics

In a new briefing paper released today to coincide with the Intergovernmental Panel on Climate Change’s (IPCC) meeting about the economic impacts of climate change, World Widlife Fund shows that the short-term economics which are driving the use of coal to generate cheap power have created a “fool’s paradise” that will lead to profound long-term problems. The report — Are the costs of using coal higher than the cost of cleaning it up? — outlines the fact that in the last four years, coal use around the world grew by 22% (BP, 2006) – a major factor behi... More →
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Find Out More »  |  Open Resource  |  2010/06/21  |  451 Report Broken   Tell A Friend

Index / Coal / Economics

An interdisciplinary MIT faculty group examined the role of coal in a world where constraints on carbon dioxide emissions are adopted to mitigate global climate change. This follows "The Future of Nuclear Power" which focused on carbon dioxide emissions-free electricity generation from nuclear energy and was published in 2003. This report, the future of coal in a carbon-constrained world, evaluates the technologies and costs associated with the generation of electricity from coal along with those associated with the capture and sequestration of the carbon dioxide produced coal-based ... More →
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Find Out More »  |  Open Resource  |  2010/11/04  |  450 Report Broken   Tell A Friend

Index / Coal / Economics

Coal burning has existed for centuries, and its use as a fuel has been recorded since the 1100s. It powered the Industrial Revolution, changing the course of first Britain, and then the world, in the process. In the US, the first coal-fired power plant Pearl Street Station opened on the shores of the lower East River in New York City in September. Shortly thereafter, coal became the staple diet for power plants across the world.
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Find Out More »  |  Open Resource  |  2010/01/19  |  382 Report Broken   Tell A Friend
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