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Sigmetnow

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Re: Coal
« Reply #450 on: September 26, 2015, 08:43:51 PM »
Looking forward to many more videos like this!   :)

Quote
Twin Power Station Chimneys Demolished in Style
SAT, SEP 26

Two 495-foot chimneys at a disused power station near Edinburgh, Scotland, were brought crashing down by coordinated explosions.
http://www.nbcnews.com/video/twin-power-station-chimneys-demolished-in-style-532867139508
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Sigmetnow

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Re: Coal
« Reply #451 on: September 27, 2015, 09:31:53 PM »
Number of U.S. Coal Mines Falls to Lowest on Record
Quote
Cheap gas has knocked coal off its feet, and the need to improve air quality and ever-lower renewables costs has kept coal down for the count,” Carbon Tracker researcher Luke Sussams said in a statement.
http://www.climatecentral.org/news/us-coal-mines-lowest-on-record-19483
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jai mitchell

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Re: Coal
« Reply #452 on: September 28, 2015, 05:43:51 PM »
China lays off 100,000 coal workers

http://timesofindia.indiatimes.com/world/china/In-biggest-layoff-in-China-coal-company-axes-100000-workers/articleshow/49121748.cms

 BEIJING: A coal company announced the biggest layoff seen in China in recent years as it is set to relieve 100,000 workers accounting for 40% of its labour force.

The announcement came in the midst of Chinese president Xi Jinping's ongoing tour to the United States, where he assured politicians and businessmen that China's economy will achieve the targeted 7% growth in gross domestic product.
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TerryM

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Re: Coal
« Reply #453 on: September 28, 2015, 07:20:33 PM »
China lays off 100,000 coal workers

http://timesofindia.indiatimes.com/world/china/In-biggest-layoff-in-China-coal-company-axes-100000-workers/articleshow/49121748.cms

 BEIJING: A coal company announced the biggest layoff seen in China in recent years as it is set to relieve 100,000 workers accounting for 40% of its labour force.


This will send a strong message to Australia & any others whose plans include shipping coal in that direction.


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Re: Coal
« Reply #454 on: September 28, 2015, 07:26:28 PM »
Number of U.S. Coal Mines Falls to Lowest on Record
Quote
Cheap gas has knocked coal off its feet, and the need to improve air quality and ever-lower renewables costs has kept coal down for the count,” Carbon Tracker researcher Luke Sussams said in a statement.
http://www.climatecentral.org/news/us-coal-mines-lowest-on-record-19483

Curious that when comparing 2013 with 2011, there are fewer than half the number of mines, but production is only about 10% lower.  Comparing 2013 with 2008, there are 1/3 as many mines but only 20% less production.
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Sigmetnow

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Re: Coal
« Reply #455 on: September 29, 2015, 01:33:55 AM »
Number of U.S. Coal Mines Falls to Lowest on Record
Quote
Cheap gas has knocked coal off its feet, and the need to improve air quality and ever-lower renewables costs has kept coal down for the count,” Carbon Tracker researcher Luke Sussams said in a statement.
http://www.climatecentral.org/news/us-coal-mines-lowest-on-record-19483

Curious that when comparing 2013 with 2011, there are fewer than half the number of mines, but production is only about 10% lower.  Comparing 2013 with 2008, there are 1/3 as many mines but only 20% less production.
If you are referring to the above graphic, note that these are mine "starts" -- not total mines.  But, regardless, I'm sure they are milking existing mines for all they can, and avoiding the expense of opening new ones.
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Sigmetnow

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Re: Coal
« Reply #456 on: October 01, 2015, 03:51:09 PM »
Glencore, a huge metals and coal mining company, has become overburdened with debt as commodities prices crash, in part due to the slowing Chinese economy.

Glencore Cuts Further 340 South Africa Jobs as Coal Declines
http://www.bloomberg.com/news/articles/2015-09-30/glencore-cuts-further-340-south-africa-jobs-as-coal-prices-drop

An Australian article compares the situation to Lehman Bros. before the 2008 crash:
Quote
Glencore, like other mining companies, essentially built their business model around the notion we would never see economic instability in China and that China would continue to consume all the natural resources miners could dig from the ground and pay a premium,” Mr David said.

“This strategy was more of a leveraged gamble than anything else and it is not going to pay off.”

Glencore, with less than $US3 billion in cash and roughly $US30 billion of debt on its balance sheet has “always held very little cash on the sidelines relative to the size of its business operation for a rainy day”.

“Hence it has quickly become vulnerable to the economic downturn and quite frankly worthless if we continue to see the spot price of various commodities in the Glencore portfolio fall,” he said.

Glencore’s share price has fallen 43 per cent in the last month and 71 per cent since the start of the year.

Should the company suffer a Lehman-style collapse, the knock-on effect would be significant as access to credit would dry up for the miners who have little liquidity, he argues. “On the back of this you would have a lot of mining operations around the world for sale — and no buyers.

“This is precisely what happened to the housing market in the US during the GFC. Essentially it could kill the junk bond market, thus making the international investment and wholesale lending community very jittery about lending to other sectors of the global economy already over-leveraged.”

http://www.news.com.au/finance/business/could-glencore-trigger-the-next-gfc/story-fnkgdg1h-1227550915667 

But CNBC says bad companies should go under.
Quote
Sullivan also hinted that higher U.S. interest rates could eventually force unhealthy businesses to go bust. In every industry, there are companies that shouldn't be operating but because interest rates are zero, they can get access to money that keeps them afloat, he explained.

"Cheap money has fueled companies for so many years, so to an extent we've been living in cuckoo land. But all this money has not had the desired effect. At some point, we have to let companies go bust so the good companies can actually do well."

http://www.cnbc.com/2015/09/28/glencore-may-spark-a-lehman-moment-for-miners.html
Traders start pricing Glencore bonds like junk
http://www.cnbc.com/2015/09/30/traders-start-pricing-glencore-bonds-like-junk.html
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Sigmetnow

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Re: Coal
« Reply #457 on: October 03, 2015, 04:23:11 AM »
Half of World's Coal Output Is Unprofitable, Moody's Says
Quote
Half of the world’s coal isn’t worth digging out of the ground at current prices, according to Moody’s Investors Service.
...
China’s slowing appetite for the power-plant fuel and steelmaking component has depressed the seaborne market, creating a worldwide glut. In the U.S., cheap natural gas is stealing coal’s share of the power generation market. And the strong dollar has tempered exports.
...
Over the next six to 12 months there’s very little relief in sight,” Brandon Blossman, an analyst at Tudor Pickering Holt & Co. in Houston, said by phone Thursday. “You have to right-size the production stack to the demand level. That’s the only way out.”
http://www.bloomberg.com/news/articles/2015-10-01/half-of-the-world-s-coal-output-is-uneconomical-moody-s-says
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Sigmetnow

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Re: Coal
« Reply #458 on: October 07, 2015, 12:55:59 AM »
Why Another Big Bank Is Jumping On The Anti-Coal Bandwagon
Coal is bad for the planet... and it's quickly becoming bad for business.
Quote
Citigroup on Monday became the third banking giant this year to slash its lending to coal-mining companies.

The move, which follows similar pledges this year from Bank of America and Crédit Agricole, will make it more difficult for companies producing coal, a major source of pollution and contributor to climate change, to finance future projects.
http://www.huffingtonpost.com/entry/citigroup-coal-divest_5612beace4b0dd85030cd00a
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Sigmetnow

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Re: Coal
« Reply #459 on: October 07, 2015, 01:15:13 AM »
For 2016:  Analysts "can’t even fathom" ::) another drop in coal demand like there was this year.

Coal's Upside? Things Can't Get Much Worse After a Dire 2015
http://www.bloomberg.com/news/articles/2015-10-06/coal-s-upside-things-can-t-get-much-worse-after-disastrous-2015
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Sigmetnow

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Re: Coal
« Reply #460 on: October 08, 2015, 12:29:43 PM »
Poland!

Poland’s second city to ban coal use after anti-smog law approved
Krakow says it will introduce a ban on burning coal in households, offices and restaurants, despite protection of the industry becoming an election issue
Quote
“In that context the decision in Krakow gives hope,” the Liberal MEP Gerben-Jan Gerbrandy told the Guardian. “All of Poland’s political parties are unanimous about protecting coal consumption so when, at local level, people start questioning its use for health reasons, it might become a game changer in the national debate.”
http://www.theguardian.com/environment/2015/oct/07/poland-krakow-ban-coal-use-anti-smog-law
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Buddy

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Re: Coal
« Reply #461 on: October 08, 2015, 04:23:30 PM »
Quote
Coal's Upside? Things Can't Get Much Worse After a Dire 2015

Coal will "hang around".....and have its ups and downs in the INTERMEDIATE TERM, but LONG TERM....it is "dead man walking."

Too much momentum against it....and global warming isn't going away.  Wall Street will avoid it like the plague.

Thirty years or more from now people will look back and ask:  "You guys used to dig this dirty stuff up and dirty the streams....and then burn it and dirty the air?  Really?"

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Sigmetnow

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Re: Coal
« Reply #462 on: October 17, 2015, 12:20:45 AM »
The Australian government just approved one of the biggest coal mines in the world
Quote
The federal government announced Thursday it had approved a proposal by Indian mining company Adani to build one of the world’s biggest coal mines in the northern state of Queensland.
The $12 billion Carmichael project involves an open-cut and underground mine covering an area five times the size of Sydney Harbor, making it the largest coal mine in Australia.
Up to 60 million metric tons of coal will be dug up and shipped out of Australia via the Great Barrier Reef every year if the project goes ahead.
http://www.globalpost.com/article/6669486/2015/10/15/australia-just-approved-one-biggest-coal-mines-world
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wili

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Re: Coal
« Reply #463 on: October 17, 2015, 09:13:52 PM »
That's another great gash we are making in the hull of our fast-sinking ship.
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icefest

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Re: Coal
« Reply #464 on: October 18, 2015, 06:35:48 AM »
Open other end.

Sigmetnow

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Re: Coal
« Reply #465 on: October 19, 2015, 09:02:41 PM »
Federal Program Sends $15 Million to Help U.S. Coal Communities Adapt
The Obama administration announced the first recipients of funds aimed to help the transition away from the fossil fuel industry.
http://insideclimatenews.org/news/16102015/federal-program-sends-15-million-help-coal-communities-adapt
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Sigmetnow

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Re: Coal
« Reply #466 on: October 30, 2015, 05:07:08 PM »
West Virginia Power Company Admits Coal Is Doomed
Quote
On Tuesday, in front of a roomful of energy executives, the president of Appalachian Power declared that the war on coal was over, and coal had not emerged victorious.

According to the Charleston Gazette-Mail, Charles Patton, president of Appalachian Power, told energy executives that coal consumption is likely to remain stagnant whether or not federal regulations like the Clean Power Plan are allowed to go forward. He also said that in the national debate about coal and climate change, the public has largely settled on the side of climate change.

“You just can’t go with new coal [plants] at this point in time,” Patton reportedly said. “It is just not economically feasible to do so.”
http://thinkprogress.org/climate/2015/10/28/3716919/appalachian-power-coal-not-coming-back/
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sidd

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Re: Coal
« Reply #467 on: November 11, 2015, 08:12:01 AM »
Peabody settles with Schneiderman. Exxon next, in his political career.

http://www.usatoday.com/story/money/2015/11/09/peabody-energy-climate-settlement/75445914/

Sigmetnow

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Re: Coal
« Reply #468 on: November 12, 2015, 02:22:38 PM »
Is Australia the last country standing in defence of coal?
Quote
And here’s the rub: Australia, almost alone, is trying to keep us on a coal-fired track. Late last month – after two years of efforts led by President Obama and supported by activists and NGOs around the world – the US and Japan announced agreement on a plan to phase out coal-plant financing for credit export agencies.

Export credit agencies provide billions of dollars per year in subsidies for coal plants around the world, and until now Japan has been the worst – providing $20bn (A$28bn) in subsidies for its companies to build coal projects overseas over the past seven years. Yet after diplomatic pressure and a strong campaign in Japan and internationally, Japan has agreed to limit its support for coal plants overseas.
http://www.theguardian.com/commentisfree/2015/nov/11/is-australia-the-last-country-standing-in-defence-of-coal
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Sigmetnow

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Re: Coal
« Reply #469 on: November 13, 2015, 01:25:57 PM »
Clinton Releases $30 Billion Plan Targeting ‘Hard-Hit’ Coal Workers
Quote
Democratic presidential candidate Hillary Clinton outlines $30b proposal that would “invest in economic diversification and job creation” in Appalachia and other areas adversely affected by declining demand for coal and the rise of alternative energy sources.
http://www.bloomberg.com/politics/trackers/2015-11-12/clinton-30b-plan-reaches-out-to-hard-hit-coal-workers
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Sigmetnow

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Re: Coal
« Reply #470 on: November 13, 2015, 01:55:14 PM »
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Sigmetnow

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Re: Coal
« Reply #471 on: November 19, 2015, 03:22:38 AM »
Countries Announce Major Phase-Out Of Coal Plant Financing
Quote
On Tuesday, representatives from 34 of the world’s developed and major emerging economies reached an agreement to phase out public financing that supports the construction of new coal power plants around the world. Member countries of the Organization for Economic Cooperation and Development (OECD) announced that starting in 2017, all OECD countries will immediately stop providing export credit support for new coal-fired power plants, except when the most efficient technology is used or in the poorest countries where there are no viable alternatives.
...
This move represents a significant step in limiting financing of new coal generation around the world. The agreement will end public financing for 85 percent of proposed coal-fired power plant projects seeking OECD export support, rendering more than 300 projects currently in the pipeline ineligible for credit. From 2007 to 2014, OECD countries provided over $40 billion in public financial resources for international coal projects, of which 77 percent went to coal-fired power plants. OECD export credit agencies contributed the majority of these resources — over $31 billion. During this time-frame, Japan and Korea — both members of the OECD who did not restrict coal financing before this agreement — were the number one and number three providers of public coal finance respectively.
http://thinkprogress.org/climate/2015/11/18/3723664/oecd-coal-financing-agreement/
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Csnavywx

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Re: Coal
« Reply #472 on: November 21, 2015, 05:20:51 AM »
Global Coal Consumption Heads for Biggest Decline in History
http://www.bloomberg.com/news/articles/2015-11-08/global-coal-consumption-headed-for-biggest-decline-in-history

Using the same faulty data that came up with a decline and massive underestimation of coal usage through 2013/2014 for China.

Chinese coal statistics are like a fine wine. They get better with age.

Take this article seriously at your own risk. I don't suppose we'll get an apology from Greenpeace for ruthlessly extrapolating recent coal data as "peak coal in China", will we?

Well, regardless. I will call out shoddy assumptions where I see them. One (uncertain) data point does not a trend make.

Sigmetnow

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Re: Coal
« Reply #473 on: November 24, 2015, 09:58:14 PM »
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Sigmetnow

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Re: Coal
« Reply #474 on: December 04, 2015, 03:10:15 AM »
Coal Weakness Pulls Down Railroads
Quote
Weakness in domestic coal shipments has been hurting stocks in the railroad space for quite some time now. Since coal is a key revenue-generating commodity for railroad operators, it is only natural that the decline in domestic coal shipments has spelt significant doom in the space. The struggle faced by the railroad operators is evident from the 26.9% year-to-date decline witnessed in the Dow Jones U.S. Railroads Index.
http://www.zacks.com/stock/news/199937/coal-weakness-pulls-down-railroads
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sidd

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Re: Coal
« Reply #475 on: December 04, 2015, 05:23:46 AM »
zacks has some good analysts. Rail is the second leg of the triangle, warren buffet's BNSF will shortly gorge and grow fat. I was wondering how long it would take this shoe to drop. The third leg is electric utilities and i am watching them try scurry away from all that stranded cost in coal power as quick as they can ...  but its kinda hard to scurry with that big coal load on your back ...

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Re: Coal
« Reply #476 on: December 04, 2015, 08:17:24 AM »
Here's a travesty.

http://thinkprogress.org/climate/2015/12/03/3727963/blankenship-found-guilty/

i guess Don had a number or two left in the rolodex that still answered  the fone.

Sigmetnow

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Re: Coal
« Reply #477 on: December 05, 2015, 05:06:24 PM »
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Re: Coal
« Reply #478 on: December 16, 2015, 12:14:15 AM »
The head of Europe’s coal lobby has said that his industry will be “hated and vilified in the same way that slave-traders were once hated and vilified” as a result of the Paris climate deal, in an extraordinary diatribe sent to his members and press outlets.

“The world is being sold a lie, yet most people seem to accept the lie, even if they do not believe it,” Ricketts warned. “The UN has successfully brainwashed most of the world’s population such that scientific evidence, rational analysis, enlightened thinking and common sense no longer matter.”

Desperate times call for desperate messages.

http://www.theguardian.com/environment/2015/dec/15/coal-lobby-boss-says-industry-will-be-hated-like-slave-traders-after-cop21


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Re: Coal
« Reply #479 on: December 18, 2015, 08:57:18 PM »
Golden age of coal in China seems over, peak-demand scenario possible -IEA
Quote
The golden age of coal in China seems to be over," the International Energy Agency (IEA) said on Friday in its Medium-Term Market Report to 2020, adding that a "peak coal" demand scenario was now probable due to stagnating housing and infrastructure development.

Lower-than-expected power demand as the use of electricity drops in heavy industry will also contribute to the decline in coal consumption, the Paris-based group added.
http://mobile.reuters.com/article/idUSL3N1463SN20151218
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Re: Coal
« Reply #480 on: December 19, 2015, 06:08:09 PM »
Quote
Appalachia grasps for hope as coal loses its grip

And the politicians and coal company senior management made out like kings.  Now....their short sightedness has come home to roost....and the whole state of West Virginia is paying for it.

I wonder how many hundreds of years it will take for the lakes, rivers, and streams to recover?
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Re: Coal
« Reply #481 on: December 25, 2015, 03:34:30 AM »
Germany opens another coal burning power station (1.6GW) and now unlikely to meet its 2020 carbon emission reduction goals due to excessive emissions from cars, houses and coal-fired power plants.

http://www.dw.com/en/german-co2-emissions-targets-at-risk/a-18862708

Pity they are phasing out non carbon nuclear power due to anti science political ideology they could have aimed for the same low electricity emissions as France of just 40g/kWh.

See  http://www.rte-france.com/en/eco2mix/chiffres-cles-en

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Re: Coal
« Reply #482 on: December 25, 2015, 04:11:08 PM »
Tombond,

It is not so easy in Germany. Nuclear is not only phased out because of political issues but much more because all german nuclear plants are old and many have not been upgraded properly. Before Fukushima there was a tremendous political pressure in Germany to give the operators the possibility for prolenged drift WITHOUT any upgrading and maintainance. The government took the chance to close these old plants. There have in fact been some serious accidents in the years before closing and in some cases it was an the edge to a catastrophy. (Krümmel and Brunsbüttel plant, complete failure of emergency power after emergency shut down).

Coal is highly subsidized in germany, and this is the case why german companys arebuilding and planing new coal plants. Only for burning 1000 Kg coal the operator gets 100 Euro from the government. 

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Re: Coal
« Reply #483 on: December 26, 2015, 10:46:09 AM »
Tombond,

It is not so easy in Germany. Nuclear is not only phased out because of political issues but much more because all german nuclear plants are old and many have not been upgraded properly. Before Fukushima there was a tremendous political pressure in Germany to give the operators the possibility for prolenged drift WITHOUT any upgrading and maintainance. The government took the chance to close these old plants. There have in fact been some serious accidents in the years before closing and in some cases it was an the edge to a catastrophy. (Krümmel and Brunsbüttel plant, complete failure of emergency power after emergency shut down).

Coal is highly subsidized in germany, and this is the case why german companys arebuilding and planing new coal plants. Only for burning 1000 Kg coal the operator gets 100 Euro from the government.

What a horror. And this in green-minded rich and advanced Germany.

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Re: Coal
« Reply #484 on: December 27, 2015, 12:27:07 PM »
Pity they are phasing out non carbon nuclear power due to anti science political ideology they could have aimed for the same low electricity emissions as France of just 40g/kWh.
Tombond, your wording "anti science political ideology" sounds to me like old fashioned manipulative language. This manipulation did not work and will not work here.
To make it work pro-nuclear ideological politicians first must elect a different populace agreeing to nuclear ;-)
 
If you want to prevent Germany from exiting coal just let them choose between nuclear and coal. No - we have to exit both technologies producing waste which must kept for geological timeframes, since neither for CO2 nor for radioactive waste we have a working storage solution today. Even France, which has the advantage of "dual use" for nuclear, is going to reduce nuclear in the near future. http://www.scientificamerican.com/article/france-plans-to-reduce-nuclear-in-favor-of-renewables/

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Re: Coal
« Reply #485 on: December 27, 2015, 04:15:42 PM »
I am  in the Hansen camp and reluctantly concede that nuclear is a needed transitional technology.

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Re: Coal
« Reply #486 on: December 27, 2015, 05:48:02 PM »
I am  in the Hansen camp and reluctantly concede that nuclear is a needed transitional technology.
It could be better to stay open for various pathways than to sit reluctantly in any camp. The transitional technology here is PV & wind & back-up with coal & gas just for practical reasons: If you would want to build a new load-following nuclear power plant in Germany it would take some decades to complete it and it most probably would never get operational. The time for nuclear is definitly over here. And soon also the time for continous coal will be over, since it just burns money.

The new coal plants will be heaviliy subsidised because they are build to wait for the times with low sun/wind. It is an enomous investion with guaranteed economic suicide because it is build as a reserve.

I think the "transition technology" window for nuclear was 1980-2000. Now it is the time for renewables + load-following fossils until we learn to match our energy demands to the variable energy production. But anyway you have to start with the technologies installed in your region and to transit from the point where you are today. We just can not change German history to the French one. And do not forget to get the people in your boat - any transition will not work if it is not desired by the people, which have to do it. And in Germany any transition with nuclear will be doomed because people will just not do it.

In France or in Belgium this is very different. For some reasons people there have no problems to run the trash-reactors like Tihange or Doel while in nearby German city Aachen people plan to store iodine in private houses because another accident is foreseeable. 

Sigmetnow

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Re: Coal
« Reply #487 on: December 27, 2015, 05:59:54 PM »
...Now it is the time for renewables + load-following fossils until we learn to match our energy demands to the variable energy production. ...
Don't forget energy storage.   ;)

Tesla is in talks with German officials over building ‘Gigafactory 2’
http://electrek.co/2015/11/17/tesla-is-in-talks-with-german-officials-over-building-gigafactory-2/
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SATire

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Re: Coal
« Reply #488 on: December 27, 2015, 06:24:01 PM »

Don't forget energy storage.   ;)

Used car batteries are tested for storage: http://www.gizmag.com/second-use-battery-storage-grid-connection/40290/
But personally I think that is to small scale for a country like Germany. Power-2-gas would fit better or the high power grids to Scandinavia and abroad. You know - grid is more efficient than storage in any case. We have to learn to match production and demand and it is sure it will be possible. Finally we will see what worked best at which place. But be prepared that we will not have a simple answer fitting every needs everwhere. Good answers are local actions derived from global thinking.

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Re: Coal
« Reply #489 on: December 28, 2015, 12:03:50 AM »
Even France, which has the advantage of "dual use" for nuclear, is going to reduce nuclear in the near future.

Funny you should mention France.

There is no scientific CO2 mitigation data to support the move from nuclear to renewables by the French President just political ideology and desperation to hang on to power regardless of the cost to the climate.

http://neutronbytes.com/2015/01/18/french-energy-minister-royal-reverses-course-on-hollandes-plan-to-close-reactors/

Thank goodness wiser heads see the wisdom of retaining nuclear with reactor service life to be extended from 40 to 60 years.   

Note that French electricity CO2 emissions at 40g/kWh (I repeat 40g/kWh) are more than 10 times less than Germany, Japan, UK, USA, China, Korea, Russia and more than 20 times less than India and Australia (we have made nuclear power illegal!).

https://www.iea.org/newsroomandevents/graphics/2015-04-28-carbon-emissions-from-electricity-generation-for-the-top-ten-producer.html

If humanity is to prevent climate change then decision making must be based on the available scientific data and evidence not political beliefs and ideology.

Jim Hansen discusses this issue in great detail in the following paper.

http://www.columbia.edu/~jeh1/mailings/2014/20140221_DraftOpinion.pdf

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Re: Coal
« Reply #490 on: December 28, 2015, 12:26:11 AM »
Quote
I repeat 40g/kWh

Is that including clean-up and storage of radioactive materials, because France is having problems with that (costing way much more money than anticipated, and money often is a proxy for energy use).
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Re: Coal
« Reply #491 on: December 28, 2015, 03:21:41 AM »

Is that including clean-up and storage of radioactive materials, because France is having problems with that (costing way much more money than anticipated, and money often is a proxy for energy use).


Neven
The nuclear waste total volumes are very small, just 2700 cubic metres of high-level waste (HLW) by 2010 and expected to be just 5,300 cubic metres by 2030.

http://www.world-nuclear-news.org/WR-France_details_nuclear_waste_inventory-0608124.html

Compared to the 350 million tonnes of CO2 emissions emitted by Germany annually from electricity generation (unchanged since 1999) this is a relatively simple waste capture and disposal task that will have little impact on the environment.

http://www.indexmundi.com/facts/germany/co2-emissions
(scroll down to electricity and heat production)

http://jmkorhonen.net/2013/08/15/graph-of-the-week-what-happens-if-nuclear-waste-repository-leaks/

Under current legislation, EdF is required to have made provision for its decommissioning and final waste management liabilities.  At the end of 2009, EdF was reported to have €11.4 billion in its dedicated back-end fund, compared with an estimated liability of €16.9 billion.

http://www.world-nuclear.org/info/Country-Profiles/Countries-A-F/France/

This seems a very cost effective way to mitigate CO2 compared to the German EEG surcharge of plus €20 billion annually for 80GW of weather dependent renewable energy generation that has not reduced total electricity CO2 emissions since 1999.

http://www.germanenergyblog.de/?p=19487

Note also the IPCC reports that “The life cycle GHG emissions per kWh from nuclear power plants are two orders of magnitude lower than those of fossil-fuelled electricity generation and comparable to most renewables.”

http://www.ipcc.ch/ipccreports/tar/wg3/index.php?idp=128#3842
« Last Edit: December 28, 2015, 05:36:06 AM by tombond »

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Re: Coal
« Reply #492 on: December 28, 2015, 10:39:13 AM »
Thanks, Tom. I've posted my reply in the nuclear thread.
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Re: Coal
« Reply #493 on: December 30, 2015, 06:00:30 PM »
While the long term future of coal is dismal, the industry is not dead yet.

http://instituteforenergyresearch.org/analysis/as-u-s-shutters-coal-plants-china-and-japan-are-building-them/

Sigmetnow

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Re: Coal
« Reply #494 on: December 31, 2015, 12:53:18 PM »
There's nothing like a lack of breathable air to encourage quick action!

China to Halt New Coal Mine Approvals Amid Pollution Fight
Quote
China will stop approving new coal mines for the next three years and continue to trim production capacity as the world’s biggest energy consumer tries to shift away from the fuel as it grapples with pollution.

China will suspend the approval of new mines starting in 2016 and will cut coal’s share of its energy consumption to 62.6 percent next year, from 64.4 percent now, Xinhua News Agency reported Tuesday, citing National Energy Administration head Nur Bekri. It’s the first time the government has suspended the approval of new coal mines, according to Deng Shun, an analyst with ICIS China.
http://www.bloomberg.com/news/articles/2015-12-30/china-to-suspend-new-coal-mine-approvals-amid-pollution-fight
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Re: Coal
« Reply #495 on: December 31, 2015, 03:59:19 PM »
I am not disagreeing that the long term future of coal is dismal. I am merely pointing out that your suggesting that the imminent demise of coal is at hand is hopelessly optimistic.

Attached is a link that shows a fairly pronounced drop in worldwide coal consumption in 2012 and I would not be surprised if this trend continued through 2015. Yet, despite this dip, certain nations are rapidly expanding their use of coal as they aggressively grow their economies. In the table, India is one of the most notable examples and, while China dropped from 2011 to 2012,  the growth from 2008 has been dramatic.

https://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm?tid=1&pid=1&aid=2

As context for this encouraging trend in coal consumption, I've attached a comprehensive report from the highly respected World Energy Council which provides an in depth analysis of energy across the planet. I would highly recommend that everyone read it. On page 8 of the report, it does forecast a huge increase in renewables by 2020. I have no doubt this forecast is accurate and, if it misses the mark, it likely is too conservative as the shift to renewables is accelerating. Beginning on page 10, it explores the future of coal and because worldwide energy consumption is increasing, coal will continue to play a significant role in meeting that demand, despite the rapid increase in renewables.

https://www.worldenergy.org/wp-content/uploads/2013/09/Complete_WER_2013_Survey.pdf

I am most discouraged by the fact that the current level of coal consumption is pretty much fixed in the developing world. These nations are struggling to grow their  economies, have invested an enormous sum in the infrastructure to exploit coal and simply do not have the wealth to take these new coal plants offline. The average age of a US coal plant is 42 years. It would be foolish to think these new plants in developing countries will not be producing energy 30 years from now.

https://www.washingtonpost.com/business/economy/a-dilemma-with-aging-coal-plants-retire-them-or-restore-them/2014/06/13/8914780a-f00a-11e3-914c-1fbd0614e2d4_story.html

Going back to the first link, if you look at the tables showing current coal consumption by country, the only way we will see a dramatic drop in current consumption levels of coal is if the developed world stops burning coal completely. The U.S currently consumes 10.9% of the world's annual use. Central and South America? A negligible 0.6%. All of Europe? 12.5%

Only the developed world has the wealth to get off coal. We need to do this within a decade. We probably also need to use some of that wealth to help 3rd world nations avoid increasing their consumption. Perhaps we can give them renewable wind and photovoltaic farms as Christmas presents. This is only part in jest as we need to do just that. The developed countries need to pay for renewable energy in the third world and not in the form of loans.
« Last Edit: December 31, 2015, 04:32:45 PM by Shared Humanity »

Sigmetnow

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Re: Coal
« Reply #496 on: December 31, 2015, 05:13:48 PM »
...
Only the developed world has the wealth to get off coal. We need to do this within a decade. We probably also need to use some of that wealth to help 3rd world nations avoid increasing their consumption. Perhaps we can give them renewable wind and photovoltaic farms as Christmas presents. This is only part in jest as we need to do just that. The developed countries need to pay for renewable energy in the third world and not in the form of loans.
This is exactly the thinking behind the UN Green Climate Fund and other philanthropic efforts.  Coal in developing countries will not be allowed to "die a natural death," to coin a phrase.  And the Coal Age won't end because we ran out of coal.

Edit: "China is now adding one idle coal-fired power plant per week."
Quote
Significantly, China is still bringing online new coal capacity. Hart notes, “In 2014, China took hundreds of existing coal plants offline but also added around 39 gigawatts of new coal capacity.” Some of this is new, more efficient plants replacing older, less efficiency capacity. “Some local officials are overbuilding simply because they have the capital to do so, and that is creating a massive capacity bubble in China, driving down plant-utilization rates, as well as the generation of profits nationwide,” explains Hart. “The average utilization rate for China’s thermal-power generations was 54 percent in 2014 — the lowest rate since China first began its reform and opening process in the late 1970s.”

A November report from Greenpeace came to a similar conclusion: “Capacity utilization of the plants has been plummeting. China is now adding one idle coal-fired power plant per week.”
http://thinkprogress.org/climate/2015/12/04/3727779/downward-spiral-chinese-coal/
« Last Edit: December 31, 2015, 05:42:25 PM by Sigmetnow »
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Re: Coal
« Reply #497 on: January 07, 2016, 07:52:38 PM »
Oregon looks to rid itself of coal by 2035.....  Shoo coal....out a' here.....

http://www.oregonlive.com/business/index.ssf/2016/01/utilities_and_enviros_agree_on.html#incart_2box
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Re: Coal
« Reply #498 on: January 12, 2016, 02:26:35 PM »
Mon Jan 11, 2016
Arch Coal files for bankruptcy, hit by mining downturn
http://mobile.reuters.com/article/idUSKCN0UP0MR20160111
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Re: Coal
« Reply #499 on: January 12, 2016, 03:01:11 PM »
Mon Jan 11, 2016
Arch Coal files for bankruptcy, hit by mining downturn
http://mobile.reuters.com/article/idUSKCN0UP0MR20160111

This is significant, not because Arch Coal is going out of business. They will easily reorganize and continue operations, shipping huge amounts of coal as it is the second largest coal company in the U.S. It is significant because the big losers are investors in the coal industry. There is $4.5 billion of debt at risk. Arch will not default on all of it but some lenders are going to be holding an empty bag. Three other coal companies, Patriot Coal, Walter Energy, and Alpha Natural Resources have also filed for bankruptcy. This will make investors far more leery about investing in the industry on the next big upturn in the world economy.

The same is true for the shakeout in the fracking and tar sands.