Paris Climate Deal Signed, China Starts Raising Coal Production

President Obama in Kenya checking out a solar panel.

President Obama in Kenya checking out a solar panel.

Major Chinese coal producers have started raising production, the China Securities Journal reported on Wednesday, potentially unleashing 11 million tonnes of new supply each month onto the market and derailing the meteoric rally in Asian prices. The move followed a meeting earlier this month to draw up a draft proposal that would allow miner to raise daily output by 500,000 tonnes if prices hit 500 yuan ($74.94) per tonne for two weeks. China’s biggest coal producer Shenhua Group has been given the green light to increase output by 2.79 million tonnes a month from 14 mines, said the paper. Reuters, 23 September 2016

Ban Ki-Moon and the rest of the national and UN delegates involved in getting the Paris deal past the “ratification” phase can pat each other on the back til their hands are sore — and we don’t doubt that they will — but it won’t change the fact that this “treaty” is worth little more than the paper it’s printed on. The American Interest, 21 September 2016

President Rodrigo Duterte once again lashed out at the Western powers, singling out the European Union (EU) for what he calls the “hypocrisy” on the part of the highly industrialized countries in trying to regulate the use of non-renewable energy sources of developing nations like the Philippines. Duterte said the EU wanted the third-world nations to lower the emission of carbon in such a way that these countries could not move forward with their development agenda due to the energy protocols being set by the international environment-regulating bodies. “Kataw-anan ning mga puti (these Caucasians are funny),” Duterte said, referring to the EU and the United States. “If we want to industrialize our country, because we are left behind by so many generations, we have to keep up with developments. [And the main option] right now is coal because it’s cheap, it’s available, although it may have impact on the planet,” Duterte said during the inauguration of the FDC Misamis Power Corp. 405-megawatt coal-fired power plant in Villanueva, Misamis Oriental, Thursday afternoon, September 22. Jigger J Jerusalem, Sun Star, 23 September 2016

The ability of policymakers in Beijing to roil global commodity markets has been underlined by a breath-taking rally in a key steelmaking ingredient that has caught consumers cold, but promises a profit windfall for the struggling mining industry.

The price of premium hard coking coal has more than doubled in the past six weeks to more than $200 a tonne as supplies have dwindled and buyers have scrambled to find cargoes in the spot market. –Neil Hume, Financial Times, 22 September 2016

As part of its energy security efforts, the Indian government is planning an ambitious coal project in Mozambique which involves mining and creating infrastructure for transportation of the fuel to India. Coal has an important place in India’s energy mix. Of India’s installed power generation capacity of 304,761 megawatt (MW), 61% or 186,293MW is fuelled by coal. Given that India wants to improve its per capita electricity consumption of 1,010 kilowatt hour and double it in the next seven years, coal will continue to play an important role in its fuel mix. —InfraCircle, 22 September 2016

President Barack Obama’s signature initiative for Africa — a $9.7 billion plan to double electricity access in the world’s poorest continent — has fallen well short of its goals, so far producing less than 5 percent of the new power generation it promised. Obama announced Power Africa three years ago with an ambitious goal: to add 10,000 megawatts of power and supply electricity to 20 million households within five years. As he addressed the U.S.-Africa Business Forum in New York on Wednesday, the project has yielded less than 400 megawatts of new power after running into political and economic difficulties. The program’s shortfalls mean that when Obama leaves office, the nation’s first black president and the son of a Kenyan farmer won’t be able to claim a legacy-defining endeavor in Africa. –Toluse Olorunnipa and Tope Alake, Bloomberg, 21 September 2016

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    This week from the Department of Fruit , Nuts and Flakes comes the story that the City of Vancouver is banning natural gas . According to the oh so green city Manager Sadhu Johnston $9 Billion would be the cost to build dykes due to rising sea levels .
    According to Swedish scientist Dr. Mormer ,the former chair of the International Commision on Sea Level Change “despite fluctuations down as well as up the sea is not rising . “it hasn’t risen in 50 years ” . Now Dr.Mormer has only spent over 35 years studying this matter compared to Al Gore with 1 science course and hypothetical claims of 20 foot sea rise . Clearly Sadhu Johnston subscribes to the Al Gore school of science fiction or some unnamed source . This guy is a city manager ?
    The City of Vancouver isn’t the greenest city in the world yet but they throw some
    world class riots .
    Even the much quoted IPCC , the scientific front for scary global warming promoters ,claims as much as 17 inches by 2100 . So if it hasn’t happened in any meaningful way , or not at all as Dr .Mormer, a leading world expert states , the chances of 17 inches by 2100 are zero .
    Global warming promoters create the fear spin mainly from computer models that do not match reality .
    People like public officials that spew complete bullshit to justify their agenda
    are purposely misleading the public and that is fraud .

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