ARCHIVE

The 'serious consequences' of kicking coal

THE decision by the governments of Denmark, Finland, Iceland, Norway and Sweden to end the public funding of coal projects, except in rare circumstances, has been labeled as "disappointing" by the World Coal Association.

Staff Reporter
The 'serious consequences' of kicking coal

In a joint statement late last week, the five Nordic nations joined the US in its commitment to ending overseas coal funding during US President Barack Obama’s visit to Sweden.

“For developing countries in desperate need of energy, these decisions have serious consequences,” WCA chief executive Milton Catelin said.

“Rather than taking decisions that simply restrict the energy choices available to developing countries, these governments should be supporting steps to increase energy access, while encouraging the use of best available technologies.”

Catelin says the decision is particularly disappointing considering that some of the Western countries “repeatedly refusing to acknowledge the vital role coal plays” in the energy mix actually rely heavily on coal for their own domestic supplies.

“Denmark uses coal for over 30% of its electricity. The US relies on coal for over 40% of its electricity,” Catelin said.

“Western governments should be working to ensure that rather than simply avoiding coal projects, they encourage countries to utilize all energy sources available to them and promote the use of the most efficient, cleanest technologies available.

“This would mean coal is supported not in ‘rare circumstances’ but where it’s needed and can lift people out of energy poverty.

Catelin used China’s recent development as an example of the way that coal use could fuel an economy and lift thousands of people from poverty.

“When billions of people do not have access to modern energy services we should not be cutting off energy supplies,” he said.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions

editions

Mining Magazine Intelligence Exploration Report 2023 (feat. Opaxe data)

A comprehensive review of current exploration rates, trending exploration technologies, a ranking of top drill intercepts and a catalogue of 2022 Initial Resource Estimates and recent discovery successes.