Cipher News’ Post

The generated power is needed

In Southeast Asia, the transition from coal to clean energy is a challenging yet vital endeavor. Cipher News' latest article, penned by Bill Spindle, dives into this issue. With coal plants in Southeast Asia accounting for 60% of Asia's energy consumption, the road to phasing out coal is slow but necessary. Read more on Cipher: https://nt-z.ro/3yaOfRo

Interesting article about the future of energy and how we ensure the lights stay on. A few take-aways to whet your appetite: These are the quantities of fossil fuels we consume globally every year…. Oil:  Approx. 96 million barrels per day (bpd), which translates to roughly 35 billion barrels per year. This is equivalent to a sphere with a diameter of about 1.6 kilometres (1 mile) full of oil! Coal:  Roughly 3.8 billion metric tons per year, or a cube of coal with sides measuring approx. 1.4 km (0.85 miles). Natural Gas:  Approx 3.9 trillion cubic meters per year, which is the same as a cube with sides roughly 3.2 kilometres (2 miles) in length filled with gas. However, on the plus side… The sun provides more energy in an hour than the entire world uses in a year.  We just need to get better at harnessing this resource. If you would like to find out more about energy and carbon management, please get in touch with me on 07887 376779 and ed.browning@auditel.co.uk

#DHOpinion | Given the low per capita emissions and the push to enhance #renewable #energy capacity, there should be no compunctions in the continual use of #coal #Opinion Read more

In 2023, global coal-fired electricity generation soared to unprecedented levels, reaching 8,295 terawatt hours (TWh) through October, marking a 1% increase from 2022, as reported by environmental think tank Ember. Despite intensified efforts to reduce reliance on fossil fuels, thermal coal exports breached the 1 billion metric tons milestone for the first time, rising by 6.6% from the previous year, according to Kpler's ship-tracking data. Emissions from coal-fired electricity generation hit new records, surpassing 7.85 billion tons of carbon dioxide and equivalent gases, underscoring the enduring significance of coal in power systems. This expansion raises concerns for climate advocates, emphasizing the ongoing challenge of transitioning to cleaner energy amidst increasing deployment of renewables like solar and wind. . . Reference: https://lnkd.in/dpsNyYZQ . . #coalpower #energygeneration #GlobalEmission #renewableenergy #climateaction #fossilfuel #cleanenergytransition #EnergyStatistics #power #CoalExports #renewablefuture #climatechangemitigation #environmentalimpact #sustainableenergy #powerindustry #energytrends #globalenergy #EmissionsData #carbonfootprint #cleanenergytransition #climatechallenge #aceshipbrokers

The prevalent narrative painting China in a negative light, especially concerning its coal usage and climate initiatives, needs a closer examination. While it is true that China has permitted an extensive number of coal plants in recent years, analysis reveals a more nuanced reality. Full article: https://lnkd.in/gnj7P5gq Global Energy Monitor's global, transparent and source-identified data set on energy sheds light on China’s actual energy landscape and its aggressive strides towards green energy. Coal Usage and Misconceptions: China's coal generation capacity stands at 1,100 GW, raising global concerns. However, it is useful to highlight that 775 GW of Chinese coal plants that were permitted, in construction or in operation have been cancelled, shelved, mothballed or decommissioned. Older plants used less efficient, higher greenhouse gas emitting technologies, and newer ones are still bad, but not as bad. China operates its coal plants primarily as balancing power, maintaining a capacity factor similar to that of U.S. gas plants, ensuring a stable energy supply during peak demand. On average, they run less than 50% of the year and are highly likely to see significant declines from that capacity factor in coming years. The odds of most recently permitted plants reaching operation are low. Green Energy Transition: China is simultaneously making monumental investments in renewable energy, outpacing every other country. Once again, they have increased year-over-year renewables deployments, 15.1% for wind and 45.3% for solar. The nation is on track to meet its 2030 renewable energy targets five years ahead of schedule, with substantial growth in wind and solar capacities. Additionally, China is rapidly electrifying its transport sector, further contributing to its green transition. Economic and Policy Shifts: There are also economic landscape and policy shifts in China. The slowdown in infrastructure development has resulted in a plateau in cement production, a significant coal consumer, with a 2.7% demand reduction expected this year and 61% reduction by 2036. Between electrical generation changes and declining use of coal for heat, analysts like David Fishman of the The Lantau Group predict a decline in coal demand by 2024, aligning with China's ambitious environmental goals. Contrary to the popular "China bad" rhetoric, the data portrays a country in the midst of a significant energy transformation. While challenges remain, particularly in terms of the high absolute levels of coal consumption, China's commitment to low-carbon energy indicates a positive trajectory towards a sustainable future. The narrative needs to reflect these complexities and advancements to foster a balanced and informed discourse on global climate action. #climateaction #china #energy #economy #coal #renewables #climatechange

🔎 The growth in consumption in India (+8%) and China (+5%) drives global demand for #coal to the new record. In 2023, the International Energy Agency (IEA) is predicting a global increase of 1.4%. In absolute terms, the threshold of 8.5 billion tonnes will be exceeded for the first time. Nevertheless, over the next 3 years, the IEA’s Coal 2023 Report estimates that global demand for coal will begin to decline, reaching -2.6% in 2026 compared to this year’s volumes. It is the first time that the agency led by Fatih Birol foresees a bending of the curve. The reasons? The downturn will occur even without more ambitious climate policies than the current ones: the renewable installed capacity expected in the next three years will suffice. #SENnews #environmnent #globalwarming #greeneconomy #solar #eolic #energy #greenenergy #solarenergy #windenergy #sustainable #sustainabledevelopment

In 2023, global coal-fired electricity generation soared to unprecedented levels, reaching 8,295 terawatt hours (TWh) through October, marking a 1% increase from 2022, as reported by environmental think tank Ember. Despite intensified efforts to reduce reliance on fossil fuels, thermal coal exports breached the 1 billion metric tons milestone for the first time, rising by 6.6% from the previous year, according to Kpler's ship-tracking data. Emissions from coal-fired electricity generation hit new records, surpassing 7.85 billion tons of carbon dioxide and equivalent gases, underscoring the enduring significance of coal in power systems. This expansion raises concerns for climate advocates, emphasizing the ongoing challenge of transitioning to cleaner energy amidst increasing deployment of renewables like solar and wind. . . Reference: https://lnkd.in/dwX2E-kY . . #coalpower #energygeneration #GlobalEmission #renewableenergy #climateaction #fossilfuel #cleanenergytransition #EnergyStatistics #power #CoalExports #renewablefuture #climatechangemitigation #environmentalimpact #sustainableenergy #powerindustry #energytrends #globalenergy #EmissionsData #carbonfootprint #cleanenergytransition #climatechallenge #aceshipbrokers

‘Turning Point for Coal on the Horizon’: Demand Exepcted to Decline by 2026 The-14 #CleanEnergy #Coal #CoalDemand #IEA #Energy #CoalDecline #CleanEnergyShift #ClimateAction #RenewableEnergy #GreenTransition #SustainableFuture #AsiaEnergyShift #ClimateGoals

The End of an Era: UK’s Last Coal Plant Closure On September 30, 2024, the UK marked a historic milestone with the closure of its last operational coal power plant, Ratcliffe-on-Soar. This event signifies the end of 142 years of coal-generated electricity in the nation that sparked the Industrial Revolution https://lnkd.in/ectRQPTs. The closure aligns with the UK government’s ambitious goals to transition to renewable energy and achieve net-zero carbon emissions by 2050 https://lnkd.in/ecMJjnRQ. Government Goals and Achievements The UK government has been steadfast in its commitment to phasing out coal. Key milestones include: 2008: The Climate Change Act committed the UK to reduce emissions to 80% of their 1990 levels by 2050. 2015: A commitment to phase out coal by 2025. 2019: The Climate Change Act was amended to target net-zero carbon emissions by 2050. The closure of Ratcliffe-on-Soar is a significant step towards these goals, demonstrating the UK’s leadership in the global energy transition. The UK is not alone in its efforts to move away from coal. Across Europe, there has been a concerted push to close coal plants and transition to cleaner energy sources. As of now, half of Europe’s 324 coal plants have either closed or announced plans to retire by 2030. This is part of a broader strategy to meet the Paris Agreement targets and reduce greenhouse gas emissions. Countries like Germany and France have also set ambitious targets. Germany aims to phase out coal by 2038, while France plans to shut down its last coal plants by 2024. The Cordemais plant, one of the last two, is expected to be converted to biomass by 2026. https://lnkd.in/eHgf3teW These efforts highlight a continental shift towards sustainable energy, with the UK often seen as a frontrunner due to its early and decisive actions. The closure of the UK’s last coal plant is more than just the end of an era; it’s a powerful statement about the future of energy. By aligning with government goals and setting an example for the rest of Europe, the UK is paving the way for a cleaner, more sustainable world. This transition, while challenging, is crucial for combating climate change and ensuring a healthier planet for future generations. Ars Technica, apnews.com/, Energy UK, UK government, Euractiv