Bühler GmbHCleveland Cascades LtdTOC EventsPort of Vancouver USAPort of South LouisianaSailors Society
  • Telestack
  • Coaltrans Global 2021
  • Cleveland Cascades Ltd
  • Cimbria
  • TOC Events
  • The Wolfson Centre for Bulk Solids Handling Technology

WCA statement on IEA report

WCA statement on IEA report

(Posted on 02/06/20)

The World Coal Association Chief Executive Michelle Manook, has released a statement on the IEA World Energy Investment Report 2020.

“The World Coal Association calls on all energy stakeholders to work together to mobilise investment and cooperation to support the clean energy transition.

We need a pragmatic, solution-focused and agnostic mindset if we are to achieve our global economic and environment aspirations.

The World Energy Investment Report 2020 highlights the huge challenges that we are facing because of the COVID-19 pandemic. It makes it even more vital that any credible energy and climate policy must focus on all fuels and technologies.

Reliable, stable electricity grids are vital to supporting the development of industries, businesses and public services that are the foundations of modern societies. Alongside this, coal is key to the materials – the steel, cement, concrete – that are used to build our societies.

The World Energy Investment Report 2020 is a reminder from the International Energy Agency of the importance of grid-based electricity in supporting development. In recent weeks, Governments have taken steps that recognise the vital importance of maintaining stable and abundant energy supply in both the acute stage of the COVID-19 pandemic and subsequent economic recovery.

Despite retirements in Europe and US, significant developments in Asia over the next three years mean there is a net growth in the global coal fleet by around 40 GW. This is the reason so many countries choose coal, particularly governments across Asia, due to affordability and reliability which support a balanced energy mix. It is essential that these countries are supported to use coal cleanly.

Coal technologies are available today that can either significantly reduce or eliminate CO2 emissions and, of equal importance, eradicate the emissions that contribute to air quality issues.

A well-structured policy helps businesses succeed and supports innovation and the clean energy transition. For instance, the 45Q tax credit in America is responsible for CCS investment rising to its highest levels in a number of years.

The current divestment movement is not going to deliver on these aspirations. Calling for divestment from coal does not recognise the reality of growing energy demand, the continuing role of coal and the importance of technology in enabling coal use to be compatible with global efforts to reduce emissions. The significant mitigation potential of clean coal technologies invalidates the central argument of divestment campaigns.

World Coal Association members welcome collaboration with other industries to innovate, and seek to work with governments, industry, and investors to deliver the clean energy transition.”

Latest News

En+ director joins Aluminium Stewardship Initiative board

(Posted on 06/04/21)

En+ Group, the world’s leading producer of low-carbon aluminium and independent hydropower, has... Read more


Project to monitor global fertilizer usage

(Posted on 01/04/21)

The International Fertilizer Association (IFA) and agri benchmark Cash Crop have announced the start... Read more


Rusal invests over $1bn on environment in a decade

(Posted on 01/04/21)

Rusal, a leading global aluminium producer, invested over USD1bn in environmental projects between 2011... Read more


World crude steel production rises

(Posted on 28/03/21)

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel... Read more


Rio Tinto selects solar technology for Boron mine

(Posted on 28/03/21)

International mining and metals company Rio Tinto and renewable energy technology company Heliogen has... Read more


NGFA outlines priorities for transportation bill

(Posted on 22/03/21)

The USA’s National Grain and Feed Association (NGFA) has urged lawmakers to prioritise improvements... Read more


British Steel to invest £100m this year

(Posted on 17/03/21)

British Steel has announced that it is investing £100m this year to support the next stage of... Read more


Rusal announces 2020 results

(Posted on 17/03/21)

Rusal, a leading global aluminium producer, has announced its results for the year ended 31 December... Read more


Power supply launch prepares smelter for commissioning

(Posted on 11/03/21)

En+ Group, the world’s largest producer of low carbon aluminium and independent hydropower, has... Read more


Rio Tinto to build new tellurium plant

(Posted on 11/03/21)

Rio Tinto will begin construction on a new plant that will recover tellurium, a critical mineral used... Read more


TelestackPort of StocktonCimbriaCoaltrans Global 2021TBA GroupThe Wolfson Centre for Bulk Solids Handling Technology
  • Sailors Society
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping