New modelling predicts India is within a decade of peak coal demand for the power sector. This is sooner than anyone has predicted.
While it may take decades yet for renewables to become the dominant form of generation globally, their presence today is permanent, economically rational and their advance inevitable.
‘Defer, delay and pray’ appear to be the unspoken new watchwords for the company that would build the Carmichael Coal Project.
A ‘JKT’ triad—Japan, South Korea, and Taiwan—sets a 21st century course for clean energy.
South Korea is Australia’s second biggest customer for thermal coal, but election of Moon Jae-In as president raises doubts about future of coal generation in that country.
Investors are keen for renewables, a phenomenon that is freshly apparent in Japan’s continuing momentum across both domestic and overseas activity.
Japanese thermal power generation could decline to 40% below 2015 levels by 2030 as government turns to renewables and energy efficiency.
China is now well past its 2013 coal peak, while the utilization rate for coal-fired generators declined to 47.5% – an all time low.
International coal markets are at risk as transformation continues, driven by yet more record low prices for solar power, this time in India.
India’s new draft National Electricity Plan concludes India does not require any new coal-fired power stations and its energy minister says it must look beyond fossil fuels.