OECD Export Credit Agencies Spending Spree on Coal
“Japan and South Korea are the world’s biggest financiers of coal through export credit agencies, a new report has found, with coal projects in Australia among the major beneficiaries of their support. WWF said that the three countries are attempting to derail talks that could cut international coal finance from such agencies, which are state-owned mechanisms that fund or underwrite overseas projects that domestic companies are involved in,” writes Karl Mathiesen in the Guardian.
Suggested Tweet: @OECD countries spend billions in public money for coal despite #climate crisis. Time 2 end export finance for #coal bit.ly/1QmoHOD
The Pitfalls of the US Energy Information Administration’s Policy-Neutral Approach
“From Capitol Hill to the Motor City, marble statehouses to mud-strewn shale plays, lawmakers, policy wonks and industry leaders repeatedly invoke US government energy forecasts to call for more drilling, more fracking and more nuclear plants. These predictions are made by the Energy Information Administration. They are ostensibly apolitical, certified with a federal seal of approval and are ripe fodder for the journalists, analysts and government agencies responsible for painting a picture of the country’s energy future. But in truth, some experts say, we’d have better luck calling Miss Cleo [an American psychic who ran a pay-per-call service],” writes Alan Neuhauser in US News & World Report.
Suggested Tweet: The pitfalls of the US Energy Information Administration’s policy-neutral approach http://bit.ly/1QipCiM @alneuhauser
How Did WoodMac Get China’s Coal Demand So Wrong?
“Back in June 2013 Wood Mackenzie, a high-profile mining and energy consultancy favoured by the coal industry, boldly proclaimed that Chinese thermal coal demand would double to approximately 7 billion tonnes a year by 2030. Just on two years later it is clear that the company hopelessly misread crucial factors affecting demand, not least the determination of the Chinese Government to take decisive action on the country’s appalling air pollution. How did WoodMac – as the consultancy is widely referred to – get China’s coal demand so wrong?,” writes Bob Burton in RenewEconomy.
Suggested Tweet: How did WoodMac get #China’s #coal demand so wrong? asks @bobburtonoz @renew_economy http://bit.ly/1GjMgbs