Commentary: End of coal era in India coming sooner than many think

first_img FacebookTwitterLinkedInEmailPrint分享Asia Times:On Tuesday last week, Tony Abbott, Australia’s ex-prime minister, was photographed in parliament clutching a document entitled, the “Coal era is not over.”In India, which until recently had the world’s second-largest coal pipeline, two seismic events have signaled the contrary to be true.According to Australia’s pro-coal “Monash Forum” parliamentarians, of which Abbott is a founding member, India is ensuring a rosy future for coal exporters such as Australia due to its plans to construct 116 new power stations, or around 88 GW. Ironically, on the same day the Forum’s “fact sheets” were released, NTPC, the largest owner and developer of domestic coal plants in India, shelved its 4 GW Pudimadaka Ultra-Mega Power Plant, due to be built in the state of Andhra Pradesh.This decision to cancel the largest new coal-fired power station planned in India is another step in the country’s remarkable Indian energy transition. Since the start of 2010, as a result of shelved and cancelled projects, India’s coal plant pipeline has shrunk by a staggering 547 GW. To give this some perspective, that is almost three times the total installed capacity of Germany.Today, 88GW–or rather 84GW–are still reported to be “progressing” through approval processes. Though given current trends, this more accurately translates as “yet to be formally cancelled or put into administration.”In fact, of the remaining pipeline, the Institute for Energy Economics and Financial Analysis (IEEFA) estimates no more than 10-20 GW might actually see the light of day. That means more than 84% of India’s 2010 coal pipeline will have been cancelled. What’s more, if India’s 2018 National Energy Plan forecast of 48GW of end-of-life coal plant closures by 2027 occurs, India is rapidly approaching peak thermal coal.Coal will not be gone in a decade, but the era will end sooner than many expect.More: India is bringing the coal era to an end Commentary: End of coal era in India coming sooner than many thinklast_img read more

A few things you should ax from your budget in 2019

first_img 61SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Details There are just under two weeks left in 2018, so it’s time to think about the future. When it comes to finances, what would you like to do differently next year? When looking at your money and the way you spend it, what needs to change? Here are a few things you should remove from your budget next year, according to the folks over at NerdWallet…Unnecessary daily expenses: We all like coffee every day. But do you really need Starbucks every morning? It’s expensive and it’s not that good (don’t @ me bros). If you spend 4 bucks on coffee each morning on your way to work, you’ll end up spending well over $1,000 at the end of the year. Here’s an idea: Stock up coffee to brew at home and use the price difference to beef up your emergency fund.Phone apps: The vast majority of apps on my phone are free apps, so this one doesn’t really hit home to me. But for a lot of people, spending 99 cents here and there doesn’t seem like a big deal. If you’re one of those people who spends a lot of time on your smartphone throughout the day (and you’re probably more aware of that time these days thanks to Apple’s new obsession with telling us about our daily/weekly screen time) then it might be time to think about which apps are costing you money (whether it’s upfront or from in-app purchases).Spending with coupons: You’re probably thinking, “this sounds like saving money!” While coupons can be helpful tools, they’re only helpful if the coupon is something you were already planning on buying. Don’t be swayed by a deal or discount if it’s not something you need. Buying things you want (and don’t need) is an easy way to throw money away. Only make smart or necessary purchases, and use coupons to make those buys even better.last_img read more

Canada-US border likely to be closed by Saturday: Trudeau

first_imgThe Canada-US border will likely be closed to non-essential travel overnight from Friday to Saturday, Prime Minister Justin Trudeau said Thursday.The planned temporary shutdown of the 8,891 kilometer international boundary — the longest in the world between two countries — was jointly announced by Trudeau and Donald Trump the previous day.”We are continuing to work on the fine-tuning of the agreement between Canada [and] the United States, I think it’s almost there,” Trudeau told a news conference from his home where he and his family are self-isolating after his wife Sophie was diagnosed with the COVID-19 virus. “What continues to concern us is the day by day sharp increasing [number of] cases, and the reports from provinces of new cases with no links to travel,” chief public health officer Theresa Tam said.Her deputy Howard Njoo, meanwhile, commented, “Certainly from a public health perspective, we’ve always said that border measures alone won’t stop the introduction of a virus into the country.”Rather, he said, “border measures are one component, one layer of a multi-layered system.”More than $2 billion worth of goods and 400,000 people cross the Canada-US border each day.”Essential border crossings will not be impeded, trade between our two countries will not be impeded,” Deputy Prime Minister Chrystia Freeland said.Trudeau also took the opportunity on Thursday to again urge Canadians to “come home.” An estimated 3 million Canadians live or work abroad.”All those having trouble coming back, I can tell you we are working hard to resolve that situation,” he said, noting that he has spoken with the chief executives of Air Canada and WestJet to ask them to help facilitate the repatriation of Canadians.The two airlines said recently that they would suspend most or all international commercial flights, respectively. “My understanding is that the measure will probably come into place in the night between Friday and Saturday, so in about a day and a half.”Trump said Wednesday the Canada-US border would likely be reopened in “say 30 days.” “Hopefully at the end of 30 days we’ll be in great shape,” he told reporters at the White House.The move builds on the US president’s barring of visitors from most of Europe, China and other parts of the world as the number of coronavirus cases in the US surged past 9,400, with 150 deaths.In Canada, the number of cases has reached at least 772, with 10 deaths, according to public health officials.center_img Topics :last_img read more