Mongolia’s coal mine plans $700 million bond, seeking to oust Australia as coal importer to China

Mongolia’s giant Tavan Tolgoi coal mine is aiming to raise 2 trillion tugriks ($700 million) through a bond issue as it tries to build infrastructure needed to replace Australia as one of China’s top coal suppliers. Mongolia needs to invest in railways to take advantage of simmering tensions between Beijing and Canberra, which have reduced […]

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Coal demand to be steady through 2023, thanks to India and China: IEA

After two years of decline and despite growing pressure from environmentalists, coal consumption is expanding, driven by “strong” fuel burning in China and India, the latest report from the International Energy Agency (IEA) shows. According to the Paris-based body, coal consumption will rise by an average of 0.2 per cent a year from 5,355 million tonnes of […]

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Global energy demand grew by 2.1% in 2017, and carbon emissions rose for the first time since 2014

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Global energy demand rose by 2.1% in 2017, more than twice the previous year’s rate, boosted by strong global economic growth, with oil, gas and coal meeting most of the increase in demand for energy, and renewables seeing impressive gains. Over 70% of global energy demand growth was met by oil, natural gas and coal, […]

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Falling output, rising demand to turn Southeast Asia into a significant importer of all fossil fuels by 2040

Decreasing domestic supply and increasing demand is seen pushing Southeast Asia’s annual net import bill for all fossil fuels to over $300 billion in 2040, equivalent to around 4% of the region’s total gross domestic product, the International Energy Agency (IEA) said in a report. It said oil is by far the largest tranche of projected […]

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Deep energy transformation needed by 2050 to limit rise in global temperature – IEA

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Limiting the rise in global mean temperature to well below 2°C would require an energy transition of exceptional scope, depth and speed, according to the International Energy Agency (IEA), including a doubling of annual average energy-related investments from current levels. As recent IEA estimates show, global energy-related CO2 emissions stalled for a third straight year in […]

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