Page 29 - January 6 2020
P. 29
For many developing countries, especially those across emerging Asia, excluding coal from the energy mix is simply not an option because improved energy access drives
economic development.
According to the IEA's Energy Access Outlook 2017 report, nearly all of those who gained access to electricity worldwide in the last 16 years, did so through new grid
connections, mostly from fossil fuels – 45% of which came from coal. It currently provides 38% of the world's electricity and is essential in the production of 71.5% of the
world's steel and 70% of cement.
Rising coal use in Asia also highlights a need for greater focus on emissions reduction. This is why as an organisation, the WCA works with stakeholders to promote the
role that technology can play in helping coal-reliant countries to develop a pathway for zero emissions coal. This way countries can balance economic priorities with climate
objectives.
Since the Paris Agreement in 2015, the World Coal Association has encouraged and supported the 24 countries, representing half of the world's emissions, that identified a
role for cleaner coal technology within their climate pledges.
Raising capital for long-term energy infrastructure investments:
With this in mind, power producers need to raise project capital at the lowest cost possible in order to build energy infrastructure that will deliver reliable electricity at
affordable prices and, at the same time, have the required environmental controls to reduce emissions.
In less developed economies, however, raising this finance can present significant challenges as local capital markets may not support the type of long-term financing
required for energy infrastructure investments.
A number of international financial institutions, such as multilateral development banks (MDBs), have been established to address these challenges and promote growth in
emerging economies. Since 2013, however, the World Bank and several other similar bodies have adopted policies that concentrate lending on a narrow portfolio of
technologies, while excluding others. Support for coal-fuelled power, for instance, may only be given in 'rare and exceptional circumstances'.
The introduction of such measures appears at odds with the role coal-fuelled power is expected to play in many developing and emerging countries. In 2018, there was 492
GW of coal capacity under construction or in development globally, complementing the 2TW in operation.
Rather than curtailing demand for coal, there is growing evidence that the approach followed by the World Bank has created a void filled by alternative funding partners
that often may not apply the same stringent efficiency standards and environmental protections that MDBs have historically championed.
Supporting low emission coal technologies:
There is growing momentum towards reviewing international coal financing. The WCA would encourage any new approach to be based on these two-steps:
- Support the switch to best available high efficiency low emissions (HELE) technology: the construction of the most suitable HELE coal plant with modern emission
control technologies where that facilitates the delivery of commitments made by a country within their NDC under the Paris Agreement. Wherever practical, the involvement
of the World Bank or other MDBs in financing such projects should facilitate the inclusion of concepts of CCUS-readiness in plant design.
- Help drive the pathway to zero emissions from coal: engage with the relevant national government to support strategies for the development of CCUS technology as part
of that country's long-term climate action plan under the Paris Agreement.
The World Coal Association sees a critical role for the World Bank and other financial institutions in extending financing to encourage cleaner forms of power from coal.
Coal will have a continuing part to play in the global energy mix for decades to come. Accordingly, we should work to ensure the best available technologies are deployed.
ENERGY EDUCATION: MINING
Reforming World Bank policy also provides the opportunity to help drive zero emissions from coal by adopting long-term climate action plans that support the deployment of
carbon capture, use and storage (CCUS).
A MONTHLY UPDATE ON THE MINING INDUSTRY
ACE & WCA are Partnering for Clean Coal Technology
THE WEEKLY ANCHOR
PAGE 28 MONDAY NOVEMBER 18, 2019
THE WEEKLY ANCHOR MONDAY JANUARY 6, 2020 PAGE 29 Reducing emissions from coal: A role for the World Bank
A Monthly Update on the Coal Industry
IEA Coal Market Report 2019
‘Decision the result of a failure to build a genuine coalition on climate action...’
A wake-up call for our global community
Environment
“The IEA Coal Market Report 2019 is stakeholders. Reflecting on her time she success to deliver both meaningful
The Canadian coal industry is committed to operating in an a reminder that coal and coal use is a commented: economic and environmental outcomes.
environmentally responsible manner, and to continuously searching reality. It's time for a sensible “The world simply cannot ignore the It's vital that we see a level playing field
for ways to reduce or eliminate what impact it may have associated discussion and collaboration to bridge reality of coal – global demand is expected for all low emission technologies, to
with the mining and use of coal. the gap between the real and ideological to reach 5624 Mtce in 2024. If we are to ensure rapid and mass deployment of
clean coal technologies.”
worlds,” Michelle Manook, World Coal
have any chance at meeting our global
At the Mine Site
WCA comments on the IEA's 2018 Association Chief Executive. environmental aspirations – we must come which is driving demand for coal. These
“This is particularly important in Asia,
The environment is a fundamental consideration in the production,
together. Most concerning is that there is
The WCA Chief Executive, Michelle
transportation and use of coal in Canada and the coal industry has
initatives that address land use, waste, air and water quality, noise Manook, today ends her first six messaging being perpetuated that coal economies require abundant and low-
cannot be part of the low carbon solution.
cost sources of energy to power
months, attending the IEA Coal Market
and emissions.
World Energy Investment report Report 2019 launch in Johannesburg, This is simply untrue. The entire coal economic transformation and continue
following roadshows throughout
Some of the ways that environmental impacts are reduced:
value chain needs to unite in support of the to identify a role for coal in their future
coal industry to educate a global public
Australia, Canada, China, Europe,
energy systems. It is for this reason that
·
mining trucks have increased significantly in size reducing
the amount of trips needed to haul coal India, Indonesia, Japan and the United that is largely unaware of how coal in 2018 China, India and Southeast Asia
have commissioned a total additional
contributes to economic growth and
States, where she met with key
· railway cars made of aluminum mean one locomotive can government ministers and senior everyday life.” 50Gw of coal-fired capacity.”
haul more coal using the same amount of fuel bureaucrats, investors and industry Acknowledging that this cannot be done
· mining drills include dust collection systems in isolation of governments or investors,
she highlighted:
· air quality and monitoring stations measure air quality on “The IEA Executive Director's 'all fuels
site and all technologies' mantra is a
Several years before a mine begins operation, planning goes into framework for industry, government and
how the mine can be reclaimed to the same or even better investment policy collaboration and
conditions. Environmental impact assessments take place, public
consultations are held and thorough reviews are undertaken by
regulatory agencies at the provincial and federal level. Mining Sponsored by The Weekly Anchor and
companies are required to report on their reclamation plan and industry supporters of responsible energy
progress to the government.
More than 75 of the land disturbed by coal mining in Alberta has
been reclaimed.
At the Power Plant THE
The use of any natural resource for energy will have varying GERING GRAVEL SALES WEEKLY
degrees of impact on the natural environment. Effective ANCHOR
technologies have been developed to tackle environmental
challenges, including the release of pollutants – such as sulfer and 5040 3rd Avenue
nitrogen. More recently, the focus has been on developing and 780-723-5787
deploying technologies to tackle greenhouse gas emissions
associated with the use of coal, including carbon dioxide and
methane.
CRUSHED GRAVEL - PIT RUN - WASHED ROCK -
PEA GRAVEL - SAND - LOADERS - GRADERS
economic development.
According to the IEA's Energy Access Outlook 2017 report, nearly all of those who gained access to electricity worldwide in the last 16 years, did so through new grid
connections, mostly from fossil fuels – 45% of which came from coal. It currently provides 38% of the world's electricity and is essential in the production of 71.5% of the
world's steel and 70% of cement.
Rising coal use in Asia also highlights a need for greater focus on emissions reduction. This is why as an organisation, the WCA works with stakeholders to promote the
role that technology can play in helping coal-reliant countries to develop a pathway for zero emissions coal. This way countries can balance economic priorities with climate
objectives.
Since the Paris Agreement in 2015, the World Coal Association has encouraged and supported the 24 countries, representing half of the world's emissions, that identified a
role for cleaner coal technology within their climate pledges.
Raising capital for long-term energy infrastructure investments:
With this in mind, power producers need to raise project capital at the lowest cost possible in order to build energy infrastructure that will deliver reliable electricity at
affordable prices and, at the same time, have the required environmental controls to reduce emissions.
In less developed economies, however, raising this finance can present significant challenges as local capital markets may not support the type of long-term financing
required for energy infrastructure investments.
A number of international financial institutions, such as multilateral development banks (MDBs), have been established to address these challenges and promote growth in
emerging economies. Since 2013, however, the World Bank and several other similar bodies have adopted policies that concentrate lending on a narrow portfolio of
technologies, while excluding others. Support for coal-fuelled power, for instance, may only be given in 'rare and exceptional circumstances'.
The introduction of such measures appears at odds with the role coal-fuelled power is expected to play in many developing and emerging countries. In 2018, there was 492
GW of coal capacity under construction or in development globally, complementing the 2TW in operation.
Rather than curtailing demand for coal, there is growing evidence that the approach followed by the World Bank has created a void filled by alternative funding partners
that often may not apply the same stringent efficiency standards and environmental protections that MDBs have historically championed.
Supporting low emission coal technologies:
There is growing momentum towards reviewing international coal financing. The WCA would encourage any new approach to be based on these two-steps:
- Support the switch to best available high efficiency low emissions (HELE) technology: the construction of the most suitable HELE coal plant with modern emission
control technologies where that facilitates the delivery of commitments made by a country within their NDC under the Paris Agreement. Wherever practical, the involvement
of the World Bank or other MDBs in financing such projects should facilitate the inclusion of concepts of CCUS-readiness in plant design.
- Help drive the pathway to zero emissions from coal: engage with the relevant national government to support strategies for the development of CCUS technology as part
of that country's long-term climate action plan under the Paris Agreement.
The World Coal Association sees a critical role for the World Bank and other financial institutions in extending financing to encourage cleaner forms of power from coal.
Coal will have a continuing part to play in the global energy mix for decades to come. Accordingly, we should work to ensure the best available technologies are deployed.
ENERGY EDUCATION: MINING
Reforming World Bank policy also provides the opportunity to help drive zero emissions from coal by adopting long-term climate action plans that support the deployment of
carbon capture, use and storage (CCUS).
A MONTHLY UPDATE ON THE MINING INDUSTRY
ACE & WCA are Partnering for Clean Coal Technology
THE WEEKLY ANCHOR
PAGE 28 MONDAY NOVEMBER 18, 2019
THE WEEKLY ANCHOR MONDAY JANUARY 6, 2020 PAGE 29 Reducing emissions from coal: A role for the World Bank
A Monthly Update on the Coal Industry
IEA Coal Market Report 2019
‘Decision the result of a failure to build a genuine coalition on climate action...’
A wake-up call for our global community
Environment
“The IEA Coal Market Report 2019 is stakeholders. Reflecting on her time she success to deliver both meaningful
The Canadian coal industry is committed to operating in an a reminder that coal and coal use is a commented: economic and environmental outcomes.
environmentally responsible manner, and to continuously searching reality. It's time for a sensible “The world simply cannot ignore the It's vital that we see a level playing field
for ways to reduce or eliminate what impact it may have associated discussion and collaboration to bridge reality of coal – global demand is expected for all low emission technologies, to
with the mining and use of coal. the gap between the real and ideological to reach 5624 Mtce in 2024. If we are to ensure rapid and mass deployment of
clean coal technologies.”
worlds,” Michelle Manook, World Coal
have any chance at meeting our global
At the Mine Site
WCA comments on the IEA's 2018 Association Chief Executive. environmental aspirations – we must come which is driving demand for coal. These
“This is particularly important in Asia,
The environment is a fundamental consideration in the production,
together. Most concerning is that there is
The WCA Chief Executive, Michelle
transportation and use of coal in Canada and the coal industry has
initatives that address land use, waste, air and water quality, noise Manook, today ends her first six messaging being perpetuated that coal economies require abundant and low-
cannot be part of the low carbon solution.
cost sources of energy to power
months, attending the IEA Coal Market
and emissions.
World Energy Investment report Report 2019 launch in Johannesburg, This is simply untrue. The entire coal economic transformation and continue
following roadshows throughout
Some of the ways that environmental impacts are reduced:
value chain needs to unite in support of the to identify a role for coal in their future
coal industry to educate a global public
Australia, Canada, China, Europe,
energy systems. It is for this reason that
·
mining trucks have increased significantly in size reducing
the amount of trips needed to haul coal India, Indonesia, Japan and the United that is largely unaware of how coal in 2018 China, India and Southeast Asia
have commissioned a total additional
contributes to economic growth and
States, where she met with key
· railway cars made of aluminum mean one locomotive can government ministers and senior everyday life.” 50Gw of coal-fired capacity.”
haul more coal using the same amount of fuel bureaucrats, investors and industry Acknowledging that this cannot be done
· mining drills include dust collection systems in isolation of governments or investors,
she highlighted:
· air quality and monitoring stations measure air quality on “The IEA Executive Director's 'all fuels
site and all technologies' mantra is a
Several years before a mine begins operation, planning goes into framework for industry, government and
how the mine can be reclaimed to the same or even better investment policy collaboration and
conditions. Environmental impact assessments take place, public
consultations are held and thorough reviews are undertaken by
regulatory agencies at the provincial and federal level. Mining Sponsored by The Weekly Anchor and
companies are required to report on their reclamation plan and industry supporters of responsible energy
progress to the government.
More than 75 of the land disturbed by coal mining in Alberta has
been reclaimed.
At the Power Plant THE
The use of any natural resource for energy will have varying GERING GRAVEL SALES WEEKLY
degrees of impact on the natural environment. Effective ANCHOR
technologies have been developed to tackle environmental
challenges, including the release of pollutants – such as sulfer and 5040 3rd Avenue
nitrogen. More recently, the focus has been on developing and 780-723-5787
deploying technologies to tackle greenhouse gas emissions
associated with the use of coal, including carbon dioxide and
methane.
CRUSHED GRAVEL - PIT RUN - WASHED ROCK -
PEA GRAVEL - SAND - LOADERS - GRADERS
