Two new reports examining coal's role in the global energy mix suggest that declining demand poses serious social risk for communities that rely heavily on coal mining and that more nations are turning to carbon capture technology to keep coal-fired plants in operation.
The World Bank called on governments to develop plans to help miners and mining communities transition away from coal through job training programs and relocation support. The agency forecast that Asia will be most significantly affected by future coal mine closures, since global coal production in the West has fallen considerably by comparison.
Meanwhile, the Global CCS Institute said governments around the world have started to "include CCS in their armory" to combat climate change and 2018 "may well go down as the year when the stars started to again align" for carbon capture. Eighteen large-scale facilities are capturing nearly 40 million tons of carbon per year and have injected more than 230 million tons for underground storage, the Dec. 11 report said, with 25 more under construction or being developed.
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Australia
Coal railway workers at Aurizon Holdings Ltd. have postponed parts of a planned strike in Queensland amid warnings of Cyclone Owen possibly hitting the Australian state in the north, Reuters wrote Dec. 14, citing a union official. The Queensland president of the Rail, Tram and Bus Union, Bruce Mackie, said that planned stoppages went ahead but some other strikes were deferred by seven days due to safety concerns of its members.
The 10.5 million tonne per year Mount Pleasant thermal coal project in Australia remains on schedule to see first coal this month, a spokeswoman for owner MACH Energy Australia Pty Ltd said Dec. 11. The project, which was bought from Rio Tinto in August 2016 for $220.7 million plus royalties, is based in Australia's thermal coal dominant region of the Hunter Valley and is planned to export via the Port of Newcastle.
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