Interested? Request a quote
India has announced plans to auction off 41 coal mines which would put an end to 4 decades of state-controlled coal mining. The Indian government hopes the privatization of coal mining will solve a fuel shortage that is threatening the country. India has felt the economic toll steaming from the COVID-19 pandemic and they are hoping the auctions will also help aid the economic struggles.
Coal
Over the past 18 months the coal-fired capacity outside of China has shrunk, but China continues to drastically increase the amount of coal-fired power plants, according to a study from Global Energy Monitor. China grew their coal-fired plants by 42.9 gigawatts (GW), while the rest of the world saw a decrease of 8.1 GW, averaging out to a net growth of 34.9 GW globally. While the country is a clean energy leader, the amount of coal usage has yet to slow. According to Global Energy Monitor, this large growth of coal is not compatible with the Paris Agreement’s plan to keep global warming to below 2 degrees Celsius.
Guttman Energy Daily Market Update Disclaimer – The information contained in this market update is derived from sources believed to be reliable; however this update could include technical inaccuracies or typographical errors and Guttman Energy does not guarantee the accuracy, completeness or reliability of this update. FURTHERMORE, THIS UPDATE IS PROVIDED "AS IS," WHERE IS, WITH ALL FAULTS AND WITHOUT ANY WARRANTY OR CONDITION OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY. GUTTMAN ENERGY ALSO SPECIFICALLY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES. YOU USE THIS UPDATE AT YOUR SOLE RISK. This update and any view or comment expressed herein are provided for informational purposes only and should not be interpreted in any way as recommendation or inducement to buy or sell products, commodity futures or options contracts.
