Coal use across the world is set to reach a new record this year amid persistently high demand for the heavily polluting fossil fuel, the International Energy Agency said on Friday. The Paris-based agency said in a new report that while coal use grew by only 1.2 per cent in 2022, the increase pushed it to all all-time high of more than 8 billion metric tons, beating the previous record set in 2013. The world's coal consumption will remain at similar levels in the following years in the absence of stronger efforts to accelerate the transition to clean energy, the agency said, noting that robust demand in emerging Asian economies would offset declining use in mature markets. This means coal will continue to be the global energy system's largest single source of carbon dioxide emissions by far, the IAE said. The use of coal and other fossil fuels needs to be drastically cut to cap global warming at 1.5 degrees Celsius (2.7 degrees Fahrenheit) this century. Experts say the ambitious .
State-owned CIL on Wednesday said it has issued orders for seven coal projects to be developed by mine developer and operators (MDOs). The objective of engaging MDOs through open global tenders is to augment domestic coal production and reduce reliance on import to extent possible. "Coal India Limited (CIL) has issued letters of acceptance for seven coal projects to be pursued through engagement of Mine Developer and Operators," the maharatna firm said in a statement. Of these seven projects, three belong to CIL arm Central Coalfields Ltd (CCL) and two to Mahanadi Coalfields Ltd (MCL)--another subsidiary of CIL. South Eastern Coalfields Ltd and Eastern Coalfield Ltd account for a solitary project each. The coal behemoth is tracking a total of 15 new coal projects to mine coal through MDOs. CIL will invest Rs 20,600 crore on land acquisition, rehabilitation and resettlement issues, and in some cases on railway sidings as well. The role of MDOs would be to excavate, extract and del
National transporter targets FY24 to close critical project pipeline
The war in Ukraine has forced India to review its plans to scale back the fuel in the overall energy mix
Addressing a parliamentary committee, minister in charge of coal Pralhad Joshi said the fuel was an affordable source of energy and demand for it had yet to peak in India
The domestic coal supply to the power sector in October is 12 per cent more than the same period of last year.
South Eastern Coalfields (SECL), the highest coal-producing company among the eight entities of CIL over the years, was outshined by Odisha-based Mahanadi Coalfields (MCL) in FY22
Coal minister Pralhad Joshi on Thursday said that the import of dry fuel which has declined considerably will be stopped by 2024. Speaking at an event at the office of the Comptroller & Auditor General of India here to release a 'Compendium of Asset Accounts on Mineral and Energy Resources', the minister said commercial coal mine auction which was institutionalised by the present government has made the auctioning process totally transparent. Joshi also complemented CAG's office for bringing out the first ever compendium of asset account on mineral assets of the country. The minister said that the report presents comprehensive picture of the mineral resources spread across different states in the country. He said that the compendium will help in further strengthening sustainable mining process which is of great importance for ecology and future generation. Collating the information of the state asset accounts, the government accounting standards advisory board has prepared the ...
Given the global energy crisis, Finance Minister Nirmala Sitharaman has said that coal is going to be back again as gas has become unaffordable. Sitharaman, who attended the annual meetings of the International Monetary Fund and the World Bank, said the western world has seen countries moving to coal. The Western world has seen countries moving to coal. Austria has already said, and todaythey are going back to coal, Sitharaman told a group of reporters from India during an interaction on Saturday. Russia has sharply curtailed natural gas shipments to Europe in retaliation for sanctions that the West put in place after its invasion of Ukraine. In late April, Russia cut off gas supplies to Bulgaria and Poland after they refused Moscow's demand to pay for the deliveries in rubles, Russia's currency. Also, apart from that many countries in the West are moving away from coal to generate electricity as it contributes to climate change and air pollution. Responding to a question on her
Union Coal Minister Pralhad Joshi on Thursday said to meet the coal requirements of the country, it is necessary that all subsidiaries of Coal India Ltd (CIL) achieve their annual targets. Joshi visited Western Coalfields Ltd headquarters in Nagpur and attended various programmes, said a press release issued by WCL. Western Coalfields Ltd (WCL) is one of the eight subsidiary companies of CIL, a central PSU. The minister also presided over a review meeting and took stock of the production, productivity and coal dispatch status of WCL, said the release. Chairman-cum-Managing Director of WCL Manoj Kumar briefed the minister on coal mining activities and assured the company would achieve the production target by the year-end. In order to meet the coal requirements of the country, it is necessary that all CIL subsidiaries achieve their annual targets, the release quoted Joshi as saying. He said to make the country self-reliant in the coal sector, it is necessary to strengthen the ...
The power ministry would also consider reducing coal supply to TPPs not complying with its policy on biomass co-firing, according to a Ministry of Environment, Forest and Climate Change statement
Coal consumers in India are taking evasive action to save their balance sheets
Coal freight revenue rose 42 per cent despite rains, floods during August
The growth in these eight sectors witnessed double digits growth in May and June at 19.3% and 13.2%, respectively
The overall coal production also went up by 11.37 per cent to 60.42 MT in July as against 54.25 MT in the year-ago period
The mineral-rich state contributes about 20 per cent to the country's secondary steel output
After long power outages owing to coal shortages over two years, the government and its principal producer have drawn up an integrated plan to preclude the annual seasonal supply dislocations
India is planning to import nearly 76 million tonnes (MT) of coal this fiscal year to reach the fossil fuel shortfall in power plants
The Union coal ministry is confident that till September-end, there will be 9-10 days of coal stock at the power units
Renewables paired with energy storage are now cheaper than coal after the fuel's price surged in recent months, while fossil sources are also experiencing a lack of investment, RK Singh said