Sun, Feb 1, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Environmental Trading more

‘Carbon emission reduction to backfire on coal dominance’

Posted on 15 October 2013

Efforts at carbon emission reduction could backfire on the domiance of coal surpassing Crude oil as fuel later this decade, accordign to William Durbin, Wood Mackenzie’s President of Global Markets.
Durbin pointed out that increasing demand for coal from power utilities in China and India apart from US, Europe and other nations is responsible for the dominance of coal. As such, Wood Mackenzie expects existing carbon policies to have a muted impact. Instead, the pace of coal demand will be influenced more by local governments of emerging markets needing to balance economic growth, energy demand and environmental needs………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39041 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
February 2015
S M T W T F S
« Jan    
1234567
891011121314
15161718192021
22232425262728