The Ministry of Coal has notified Coal Blocks Allocation Rules, 2017. The coal ministry has deferred indefinitely the fifth round of captive coal block auctions citing lack of demand from steel makers, despite a request from the steel ministry to continue the bidding for interested firms.
This report is the first output of a major international research project coordinated by IDDRI and Climates Strategies, entitled “Coal Transitions: Research and Dialogue on the Future of Coal”, bringing together leading research institutes in several major coal producing and consuming countries.
Some of the world’s top banks are continuing to lend tens of billions for extracting the most carbon-intensive fossil fuels, according to a report of top lenders. Finance provided for these fossil fuels – tar sands and other unconventional oil and gas, as well as coal and liquefied natural gas – amounted to $87bn for the top 37 banks in 2016.
China’s coal-and-chemical industry has long been controversial for its high level of carbon emissions. In the recently released “13th Five-year Plan for Energy”, the coal-to-chemical industry was set a number of key construction regions. Meanwhile, global fossil fuel carbon emissions have seen a zero growth rate for three years in a row.
To prepare the modalities for allocation of coal mines through auction for sale of coal by private companies, a discussion paper containing proposed eligibility conditions and proposed methodology has been prepared in the first instance to consult the stake holders.
The number of coal-fired power plants under development worldwide saw a dramatic drop in 2016, mainly due to shifting policies in Asia, according to a new report released by Greenpeace, the Sierra Club, and CoalSwarm.
Coal cost constitutes 60 to 70 percent of the total generation tariff of coal based power stations and has significant impact on cost of supply of power to consumers. Keeping this in view, a performance audit of fuel management in coal based power stations of NTPC Limited was taken up.
The government is considering capping the amount of coal blocks that a company can hold. The clause is part of the draft coal block allocation guidelines issued for public comments by the coal ministry and would apply to mines other than the 204 blocks that were cancelled by the Supreme Court in October 2014.