ContourGlobal scraps plan for new coal power plant in Kosovo

The power generation company announced that it made the decision in order to facilitate the global transition to renewables

Covid-19 impacts India’s coal imports

In the wake of the coronavirus outbreak, the nation’s coal imports have seen a 14% reduction since last year

Governments and investors ‘will waste $600bn if they continue too invest in new coal’

A new report from Carbon Tracker says new investments in coal power must end immediately to minimise the risk of stranded assets

Coronavirus crisis has ‘severe impact’ on global energy and oil markets

Global oil demand in 2020 will be down around 90,000 barrels a day from 2019, according to the latest report from International Energy Agency

Global coal demand and carbon emissions ‘at lowest point in decades’

As coal generation dropped in 2019, wind and solar generation rose by 15%, generating 8% of the world’s electricity

Drax to end coal generation at North Yorkshire power plant in 2021

Having converted a number of its generation units to biomass in recent years, the company is now pursuing an ambition to become carbon negative by 2030

Domestic coal and wet wood burning to be banned across England by 2023

The move aims to encourage the use of cleaner fuels in the home – wood-burning stoves and coal fires are the single largest source of particulate matter pollutants

RBS to stop lending to energy firms ‘without credible climate plan’

It has pledged to stop lending and offering underwriting services to companies with more than 15% activities related to coal as well as major oil and gas producers

Coal in the hands of a miner
Under-construction coal plant in Poland has financing suspended

Polish energy companies Enea SA and Energa SA have announced they have halted financing for the 1GW Ostrołęka C facility due to shifting economic and political contexts

UK financing fossil fuel projects overseas ’emitting 69m tonnes of emissions’

The projects are backed by UK Export Finance – a government agency in the Department for International Trade – that provides loans and financial guarantees to UK companies involved in major projects around the world