Tuesday, February 4

Tag: Coal

India to be main engine of global coal demand growth: IEA
15Dec By adminNo Comments
Business

India to be main engine of global coal demand growth: IEA

NEW DELHI: India will be the main engine of global coal demand growth through 2026, even as global consumption is estimated to top 8.5 billion tonne for the first time in 2023, the International Energy Agency said on Friday, days after the COP28 climate declaration called for driving out all fossil fuels.The IEA coal market report and forecast 2023 projected India’s coal demand rising 8% this year and 3.5% annually thereafter to 1,397 million tonnes (mt) to say this will be a key driver of upward pressure on demand, although the global trend will be set in China.India’s coal use will rise sharply is in spite of an expected trebling of solar power capacity by 2026, compared to 2021, and a target of raising the share of green power to 50% by 2030. Coal-fired generation currently accounts fo...
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What India Needs to Ditch Coal
11Dec By adminNo Comments
Money

What India Needs to Ditch Coal

India’s climate ambitions are a paradox. The South Asian giant has set aggressive targets for clean energy deployment, and is seen as one of the most attractive developing markets for renewable investment. Yet it refuses to turn its back on coal.India, along with China, has opted out of the Global Renewables and Energy Efficiency pledge at the COP28 climate conference in Dubai—which included a commitment to curtail investment in new coal power. Coal currently meets nearly three-quarters of India’s growing energy needs. Moreover higher electricity capacity will, ironically, be key to survival in its increasingly hot weather as air conditioning needs rise.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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What India Needs to Ditch Coal
11Dec By adminNo Comments
World

What India Needs to Ditch Coal

India’s climate ambitions are a paradox. The South Asian giant has set aggressive targets for clean energy deployment, and is seen as one of the most attractive developing markets for renewable investment. Yet it refuses to turn its back on coal.India, along with China, has opted out of the Global Renewables and Energy Efficiency pledge at the COP28 climate conference in Dubai—which included a commitment to curtail investment in new coal power. Coal currently meets nearly three-quarters of India’s growing energy needs. Moreover higher electricity capacity will, ironically, be key to survival in its increasingly hot weather as air conditioning needs rise.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Health Care Roundup: Market Talk
6Nov By adminNo Comments
World

Health Care Roundup: Market Talk

The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0833 GMT – Hong Kong shares closed higher amid positive sentiment fueled by expectations the Federal Reserve is finished hiking rates, Saxo market strategist Redmond Wong said. However, investors should be wary of potential misses in corporate earnings due to still-high interest rates, Natixis senior economist Gary Ng said. The healthcare sector topped gains in the Hong Kong bourse. Sino Biopharmaceutical rose 5.7% and Wuxi Biologics (Cayman) advanced 4.5%. The property sector also gained, with Longfor Group Holdings and Country Garden Services rising 5.85% and 5.1%, respectively. The energy sector led losses, with PetroChina down 3.4% and China Shenhua E...
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Why Indian Railways sees need for dedicated coal corridors in line with DFCs to meet India’s surging power demand
19Sep By adminNo Comments
Business

Why Indian Railways sees need for dedicated coal corridors in line with DFCs to meet India’s surging power demand

Dedicated Indian Railways corridors for coal movement: A recent Railway Board study underscores the imperative need for dedicated coal corridors to meet the escalating power demand in India, according to an ET report. The study highlights that the bulk of coal transportation originates from Odisha, Jharkhand, and Chhattisgarh to various regions in the north, west, and southeast of the nation. The report emphasizes the necessity of establishing exclusive railway tracks for coal transportation along these routes. The report, focused on estimating coal transportation by rail until 2030, stresses the alignment of coal corridors with dedicated freight corridors (DFC).Specifically, it recommends prioritizing the development of coal corridors with the east coast DFC and the eastern section of th...
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