Thursday, December 19

Tag: coal

Germany becomes first country to phase out coal and nuclear
News

Germany becomes first country to phase out coal and nuclear

Berlin, Jul 7, 2020: German lawmakers have finalized the country's long-awaited phase-out of coal as an energy source, backing a plan that environmental groups say isn't ambitious enough and free marketeers criticize as a waste of taxpayer's money. Bills approved by both houses of parliament Friday envision shutting down the last coal-fired power plant by 2038 and spending some 40 billion euros ($45 billion) to help affected regions cope with the transition. The plan is part of Germany's ''energy transition'' an effort to wean Europe's biggest economy off planet-warming fossil fuels and generate all of the country's considerable energy needs from renewable sources. Achieving that goal is made harder than in comparable countries such as France and Britain because of Germany's exist...
China’s Coal Import Increases by 49% in July
CHINA

China’s Coal Import Increases by 49% in July

The coal imports in China witnessed a considerable rise in the month of July that hit a record high in four and a half years. This happened because the demand for coal-fired electricity increased during the summer as mentioned in the reports. Talking about the figures, China imported 29 million tons of coal in July. According to the data from the General Administration of Customs, the import has been up 49 percent year-on-year, the highest monthly volume since January 2014. "The authorities have vowed to ensure coal supplies and keep prices running smoothly during the peak season, therefore checks on imports could not be tightened in the short term," said Cheng Gong, a coal analyst at Zheshang Securities. The value of imports increased 63 percent year-on-year to 17.9 billion yuan ($2....