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Haydn W

Coal India could have helped slash production cost by 12%: Power Companies - The Econom... - 0 views

  • KOLKATA: Coal India Ltd could have helped power companies save their production cost by 12%, or 35 paise a unit
  • The state-run monopoly coal supplier on Tuesday declared a dividend of Rs 29 a share.
  • CIL increased coal prices by a minimum 30% for all thermal coal used by power companies over the past three years
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  • This enabled the company to increase its cash and bank balance from about Rs 45,000 crore during 2010-11 to Rs 62,000 crore in 2012-13,
  • Most of the additional reserves came from higher prices as production did not rise at the same pace. This fiscal year, the company is likely to miss its target on coal production by about 17 million tonnes and sales by some 15 million tonnes.
  • Power tariffs are regulated by Central and state regulatory commissions, however, coal prices are not. Every increase in coal prices leads to increased power generation costs which need to be passed on to consumers.
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    This article explains how production costs in India could have been cut if Coal India had kept prices lower. The article also tells us that the company has a monopoly on the industry and is state-run which has lead some people to criticise the government. The company has been accused of protecting its own interests by raising prices to cache its bank balance. 
Amanda Anna G

China's Coal Tariff Prolongs the Pain--Heard on the Street - WSJ - 1 views

  • China’s Coal Tariff Prolongs the Pain
  • The world’s top coal importer sent shock waves when it announced tariffs on imported coal of up to 6% Thursday.
  • China’s state media explicitly say this move is intended to protect local companies, 70% of whom are making losses as Chinese thermal coal prices have dropped 24% this year.
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  • The import tariff now gives these locals the room to raise prices over the next few months. Higher prices would be supported if they can also cut production, as China’s coal industry association recently advocated.
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    This article is about tariffs, as tariffs on imported coal of up to 6% will take place in China, in order to give local coal miners the opportunity to rise their prices as they will become more demanded. 
Sungmin Lee

China to again levy coal import tariffs after nearly a decade - 1 views

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    Australia, Russia exports seen hit; Indonesia to be exempt * China thermal coal futures, China shares of top coal firms rise (Adds analyst's comments, coal futures and coal firms' shares) By Fayen Wong SHANGHAI, Oct 9 (Reuters) - China, the world's top coal importer, will levy import tariffs on the commodity after nearly a decade, in its latest bid to prop up ailing domestic miners who have been buffeted by rising costs and tumbling prices. China will levy import tariffs between 3-6 percent.
Daniel Soto Aggard

No free pass for China's own on coal tariffs - 2 views

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    This article discusses the tariffs on Chinese coal exports from Australian coal mines to China. It discusses how it protects the local Chinese coal industry and how it affects Yancoal (the exporting coal company) exports.
Jakub B

Coal subsidies 'should' end in 2014 - 0 views

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    The author discusses the problem of coal production, greenhous gases emissions and subsidies that are in use because of many ordinary employees who when fired can make a strike. There is also a detail that can draw one's attention - the article is outdated (it was written in 2010). The main thesis reflected with reality is probably false since coal subsidies are still popular.
Yassine G

Water Demand for Energy to Double by 2035 - 0 views

  • The amount of fresh water consumed for world energy production is on track to double within the next 25 years
  • the IEA calculates that water consumed for energy production would increase from 66 billion cubic meters (bcm) today to 135 bcm annually by 2035.
  • The agency estimates oil and natural gas production together would account for 10 percent of global energy-related water demand in 2035.
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  • "It takes a great deal of energy to supply water, and a great deal of water to supply energy. With water stress spreading and intensifying around the globe, it's critical that policymakers not promote water-intensive energy options."
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  • IEA sees coal-powered electricity driving the greatest demand for water now and in the future
  • Steam-driven coal plants always have required large amounts of water
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    This article gives you an idea of how we get our energy today, and how we will be getting it in the upcoming years. It emphasizes mostly on water, as water is being used in Steam-driven coal plants in a large amount. These plants are increasing as they are more environmental friendly. This means that demand on water is increasing rapidly although water itself is a becoming very scarce. This High demand for this scarce very important natural resource raises many questions about how we would be able to survive in the long run.
Marenne M

Energy challenges: Importing coal will darken balance of payments, says Bengali - The E... - 0 views

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    This article discusses the impact of oil imports on the Pakistani balance of payments. In Pakistan, each year approximately 5 billion dollars worth of oil is imported due to its heavy consumption, which has a large impact on their balance of payments. Their large number of imports gives them a negative balance of payments and therefore slow down economic growth and impacts other parts of the economy. In the article it is suggested that the Pakistani use domestic coal for power production rather than importing as much oil, which could half the amount of money spent on oil imports therefore reforming their balance of payments.
Clemente F

China says to resume levying of import tariffs for coal - 5 views

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    This article talks about article resuming levying of import tariffs for coal.
Fiete M

Vote on Account 2014: Scrapping state monopoly over coal a priority for next government - 0 views

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    This article talks about how the new government is supposed to get rid of the governments monopoly on coal
Yassine G

Aggregate Supply, Aggregate Demand, and Coal - NYTimes.com - 1 views

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    this article talks about how a policy change could affect aggregate supply. It is quit hard to understand but it is very interesting. Of course this is from the point of view of an economist, Paul Krugman 
Pietro AA

Analysis: Energy costs keep Japan's focus on nuclear, despite risks and use of renewabl... - 0 views

    • Pietro AA
       
      Other scarse vaariables introduced: time and technology
    • Pietro AA
       
      safety is a desire of most men and it is also not infitite therefore it is scarse.
  • ctions take about six months for each reactor, and obtaining con
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    • Pietro AA
       
      a conflict between the scarsity of safety and scarsity of energy
    • Pietro AA
       
      a conflict between the scarsity of safety and scarsity of energy
  • Energy costs keep Japan's focus on nuclear, despite risks and use of renewables
  • other plants remained closed for intensified safety checks
  • The issue is cost, and to a lesser extent, concern over a resurgence in climate-changing carbon emissions due to increased use of coal and oil to generate power. Clean energy still only accounts for 10 percent of total consumption — most of it hydropower. Much of the new capacity approved has yet to come online.
  • nuclear power remains essential, even with a surge in generation capacity from solar, wind and other renewable sources, and that the world's No. 3 economy cannot afford the mounting costs from importing gas and oil.
  • Japan has managed to avoid power rationing and blackouts. Industries have moved aggressively to avoid disruptions by installing backup generators and shifting to new sources, such as solar power.
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  • paying 30 percent more for electricity than before, with more rate hikes to come.
  • prompted a rethink of plans to raise nuclear capacity from one-third to over half of total demand.
  • Reliance on imported oil and gas has surged from about 60 percent of energy consumption to about 85 percent.
  • The recent weakening of the Japanese yen has added to the burden on the economy from oil and gas imports.
  • Abe and others in favor of resuming nuclear power contend that renewable energy is too expensive and unreliable — wind doesn't always blow, the sun doesn't always shine.
  • Apart from those issues, national security requires that Japan retain some self-sufficiency
  • Local communities are divided: many have relied heavily on nuclear plants for jobs and tax revenues, but worry over potential risks.
  • hat there's a huge opportunity in power
  • We're also seeing radical efficiency gains.
  • he disposal and security of nuclear waste are issues yet to be resolved.
  • For now, however, it appears any phase-out of nuclear power will be very gradual.
  • "In the long term if we can create new resources that are more efficient than the current oil-based system, then we can rely less on nuclear power, that's quite possible," Adachi said. "But it will take quite a long time."
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    This article shows how, since the meltdown of the Fukushima plant in 2011, the "want" of security (which is scarce) increased and gave energy problems to the country (energy is one of the most important scarce resources . Japan finds itself making decisions limited by the scarcity of energy, safety, time and technology. Should it take risks and stop spending money? Should it keep everybody safe and just go for the hydrocarbur plants? Should it simply invest on renewable energy plants? Should it take time and reaserch   Pietro
Pietro AA

Origin says solar and storage coming quicker than thought - 0 views

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    This is an interesting artice that shows how solar phtovoltaic is taking over, reducing the demand of substitute sources of energy but mostly, increasing their elasticity. With PV on the market, more people will be ready to abandon coal or oil for this clean and durable energy source.
Haydn W

Fossil fuel subsidies 'killing UK's low-carbon future' | Environment | The Guardian - 0 views

  • Fossil fuel subsidies 'killing UK's low-carbon future'
  • despite commitments to cut carbon emissions and reduce "perverse" fossil fuel subsidies.
  • Britain is "shooting itself in the foot" by subsidising its coal, oil and gas industries by $4.2bn (£2.6bn) a year even as government reviews the "green levies" on energy bills which support energy efficiency and renewable power, according to a report published on Thursday.
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  • The figures from the Overseas Development Institute suggest that Britain is now the world's fifth largest subsidiser of fossil fuels
  • For every $1 spent to support renewable energy, another $6 were spent on fossil fuel subsidies
  • In 2011, the latest year for which data is available, Britain gave tax breaks of £280m to oil and gas producers and reduced VAT on fossil fuels by several billion pounds
  • Rich countries have committed to phase out "inefficient" fossil fuel subsidies but the ODI figures, drawn from the International energy agency, OECD and other sources, suggest global subsidies to fossil fuel producers totalled $523bn a year in 2011 – dwarfing subsidies to renewable energies.
  • £2.6bn yearly incentive favours investment in carbon at the expense of green energy, says thinktank
  • In effect, each of the 11.6bn tonnes of carbon emitted from the top 11 developed countries comes with an average subsidy of $7 a tonne – around $112 for every adult
  • The figures have been released as ministers prepare to go to Poland for the deadlocked UN climate talks and as uncertainty surrounds the future of government-mandated levies on energy bills that support fuel poverty schemes and renewable energy.
  • G20 governments accepted in 2009 that fossil fuel subsidies encourage wasteful consumption, reduce energy security, and undermine efforts to deal with the threat of climate change.
  • The report said: "Investors are being sent the wrong signals on two fronts as carbon prices decline and fossil fuel subsidies increase."
  • The report argues that fossil fuel subsidies also fail in one of their core stated objectives, which is to to benefit the poorest.
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    This article describes how the UK government is heavily subsidising fossil fuel producers instead of prioritising and investing money in renewable sources of energy. Although it is essential to keep crude oil and fossil fuel prices low, as they are essential to many businesses, consumers and indeed the country itself, the G20, of which the UK is part of, has made a commitment to phasing out fossil fuels in favour of greener and more sustainable energy sources. 
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