China’s Coal Imports Drop For The First Time Since 2009
“New statistics from August show another first: Chinese coal imports in the first eight months of 2014 dropped by 5.3 per cent. This is the first time the import rate has dropped since the country became a net importer in 2009. More importantly, the industry forecast indicates an even steeper 8 per cent drop by year’s end … China has single handedly driven the growth in coal consumption we’ve seen over the past decade. But, it is increasingly clear that the time of unending coal growth is nearing an end,” write Justin Guay from the Sierra Club and Lauri Myllyvirta from Greenpeace International in Huffington Post.
Suggested Tweet: China’s #coal imports fell for the first time since 2009; down over 5 per cent in 2014 huff.to/1CTemWd @Guay_JG @laurimyllyvirta
German Coal Power Generation in August At A 10-year Low
“This year electricity generation from coal is down in Germany and last month only 14.45 TWh. This is not only a hefty 20% decline compared to the previous year, but also the lowest monthly coal power production in more than a decade … This monthly low is certainly good news, but it is not an indicator of an overall rapid decline of coal power. Despite this year’s decline, coal power generation is still above the low levels seen in 2009 (223 TWh). If the trend of lower year-to-year consumption continues during the last four months of the year, 2014 could, however, still come very close 2010 levels (230 TWh). But clearly, more installed megawatts of coal power capacity will not necessarily lead to more megawatt-hours of coal power, as is often assumed,” writes Thomas Gerke in Renewables International.
Suggested Tweet: German #coal generation in August at lowest level in >10 yrs despite installed coal capacity going up http://bit.ly/1qBOVDA (RenInt)