Page 29 - July 1, 2019
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 JUNE 17, 2019
THE WEEKLY ANCHOR MONDAY JULY 1, 2019 PAGE 29 Reducing emissions from coal: A role for the World Bank
A Monthly Update on the Coal Industry
Reflecting on WCA's “powering Asia” conference
‘Decision the result of a failure to build a genuine coalition on climate action...’
With Asia still looking to harness coal this in mind, participants agreed that the Responding to calls for accelerated
as a fuel for socio-economic deployment of advanced technologies will innovation, the last panel looked at the
Environment development, the World Coal be crucial for reducing greenhouse gas latest successful applications of carbon
(GHG) emissions.
capture use and storage (CCUS), in
Association held a one-day conference
The Canadian coal industry is committed to operating in an in Tokyo last month to explore advanced In the first panel session, speakers countries such as Japan, China and
environmentally responsible manner, and to continuously searching coal technologies for a zero emissions explored current and future trends for coal Australia. Experts investigated
for ways to reduce or eliminate what impact it may have associated future. as well as the major factors affecting potential strategies to unlock
with the mining and use of coal. Held on 21 May and attracting around investments; and agreed that countries’ investments in CCUS and discussed
100 participants, the ‘Cleaner coal: a needs for energy security should be the contribution of the coal industry in
At the Mine Site
WCA comments on the IEA's 2018 sustainable choice for powering Asia’ high efficiency low emission (HELE) coal that CCUS will be an indispensable
balanced with climate priorities.
this space.
The environment is a fundamental consideration in the production,
With the final session acknowledging
The second session examined the role of
event was organised with the support of
transportation and use of coal in Canada and the coal industry has
initatives that address land use, waste, air and water quality, noise WCA member JCOAL and brought technologies both in Asia and globally. technology to a zero emissions future,
together energy experts, policymakers,
and emissions.
World Energy Investment report non-governmental organisations, and financial mechanisms necessary to HELE power plants – fitted with
the event concluded that deploying
Speakers identified the policy incentives
government representatives, academics
Some of the ways that environmental impacts are reduced:
drive deployment of HELE technologies
CCUS technologies – will be key to
and other industry stakeholders.
·
mining trucks have increased significantly in size reducing
and the opportunities available for
Today, coal still represents the largest
the amount of trips needed to haul coal single source of electricity in most Asian international cooperation among leading ensuring zero emissions from coal
while allowing countries to continue to
· railway cars made of aluminum mean one locomotive can nations and demand is expected to countries to deliver greater innovation and meet their energy needs.
haul more coal using the same amount of fuel increase over the coming decades. With embrace a low-emission pathway.
This need for enhanced collaboration
· mining drills include dust collection systems was an overarching theme throughout the
· air quality and monitoring stations measure air quality on conference, particularly between
site government representatives, investors and
Several years before a mine begins operation, planning goes into the energy community.
how the mine can be reclaimed to the same or even better
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 WEEKLY
degrees of impact on the natural environment. Effective GRAVEL SALES 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 JUNE 17, 2019
THE WEEKLY ANCHOR MONDAY JULY 1, 2019 PAGE 29 Reducing emissions from coal: A role for the World Bank
A Monthly Update on the Coal Industry
Reflecting on WCA's “powering Asia” conference
‘Decision the result of a failure to build a genuine coalition on climate action...’
With Asia still looking to harness coal this in mind, participants agreed that the Responding to calls for accelerated
as a fuel for socio-economic deployment of advanced technologies will innovation, the last panel looked at the
Environment development, the World Coal be crucial for reducing greenhouse gas latest successful applications of carbon
(GHG) emissions.
capture use and storage (CCUS), in
Association held a one-day conference
The Canadian coal industry is committed to operating in an in Tokyo last month to explore advanced In the first panel session, speakers countries such as Japan, China and
environmentally responsible manner, and to continuously searching coal technologies for a zero emissions explored current and future trends for coal Australia. Experts investigated
for ways to reduce or eliminate what impact it may have associated future. as well as the major factors affecting potential strategies to unlock
with the mining and use of coal. Held on 21 May and attracting around investments; and agreed that countries’ investments in CCUS and discussed
100 participants, the ‘Cleaner coal: a needs for energy security should be the contribution of the coal industry in
At the Mine Site
WCA comments on the IEA's 2018 sustainable choice for powering Asia’ high efficiency low emission (HELE) coal that CCUS will be an indispensable
balanced with climate priorities.
this space.
The environment is a fundamental consideration in the production,
With the final session acknowledging
The second session examined the role of
event was organised with the support of
transportation and use of coal in Canada and the coal industry has
initatives that address land use, waste, air and water quality, noise WCA member JCOAL and brought technologies both in Asia and globally. technology to a zero emissions future,
together energy experts, policymakers,
and emissions.
World Energy Investment report non-governmental organisations, and financial mechanisms necessary to HELE power plants – fitted with
the event concluded that deploying
Speakers identified the policy incentives
government representatives, academics
Some of the ways that environmental impacts are reduced:
drive deployment of HELE technologies
CCUS technologies – will be key to
and other industry stakeholders.
·
mining trucks have increased significantly in size reducing
and the opportunities available for
Today, coal still represents the largest
the amount of trips needed to haul coal single source of electricity in most Asian international cooperation among leading ensuring zero emissions from coal
while allowing countries to continue to
· railway cars made of aluminum mean one locomotive can nations and demand is expected to countries to deliver greater innovation and meet their energy needs.
haul more coal using the same amount of fuel increase over the coming decades. With embrace a low-emission pathway.
This need for enhanced collaboration
· mining drills include dust collection systems was an overarching theme throughout the
· air quality and monitoring stations measure air quality on conference, particularly between
site government representatives, investors and
Several years before a mine begins operation, planning goes into the energy community.
how the mine can be reclaimed to the same or even better
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 WEEKLY
degrees of impact on the natural environment. Effective GRAVEL SALES 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
