Why Higher Pollution Costs Haven’t Dented Coal Demand in Europe

If you thought the surging price of fossil-fuel emissions in Europe would hurt coal demand, think again. The highest prices for carbon credits in a decade have also lifted natural gas, discouraging power stations from making the switch away from coal. As a result, demand remains strong for the dirtiest fossil fuel in the continent
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The Ocean Cleanup, the Dutch non-profit organization developing advanced technologies to rid the oceans of plastic, on 8 September 2018 launched the world’s first ocean cleanup system from the San Francisco Bay says an official release.   The cleanup system (“System 001”) is heading to a location 240 nautical miles offshore for a two-week trial before
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Tighter shipping pollution requirements from 2020 are expected to increase demand for diesel and low sulfur fuel oil, giving ongoing support to already healthy refining margins in Europe, according to speakers at an industry event Thursday. The International Maritime Organization’s global marine fuels sulfur limit is set to drop from 3.5% to 0.5% at the
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China’s iron ore imports rebounded in July, customs data showed on Wednesday, buoyed by record steel production and strong margins as official measures to cut pollution curb the output of cheaper products from small mills. The world’s top iron ore importer bought 89.96 million tonnes of the steel making raw material last month, according to
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China’s construction steel rebar prices gained more ground on Wednesday to trade near last session’s 10-1/2 month high on expectations of lower supplies following the country’s crackdown on pollution and higher demand. The most active rebar on the Shanghai Futures Exchange finished up 0.4 percent at 4,017 yuan ($592.80) tonne. On Tuesday, the market hit
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China’s vast steel sector is currently a study in contrasts, with record output despite ongoing production curbs, and high prices even though there is mounting concern about the demand outlook. It’s becoming increasingly difficult to reconcile the seemingly contradictory signals being sent by China’s steel industry, which accounts for about half of the world’s total
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China’s iron ore imports dropped 11.6 percent in June from the previous month, customs data showed on Friday, hit as Beijing intensifies its push to clean up the country’s environment and by mounting stockpiles at ports. Arrivals into the world’s top importer of the steelmaking material reached 83.24 million tonnes last month, according to the
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China’s rebar steel futures rallied more than 3 percent to their highest in 10 months on Thursday amid potentially tighter supply as the government intensifies efforts to clean up its skies. China’s cabinet launched on Wednesday a new cross-ministerial leadership group, headed by vice-premier Han Zheng, to help draw up plans to tackle air pollution
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A practice and compliances workshop pertaining to Inland Vessels (Control and Prevention of Pollution in Inland Water) Rule 2016 was organised by Gujarat Maritime Board (GMB) in Ahmedabad on June 28, 2018. Inland waterways show exceptional sensitivity regarding the environment and ecology, taking into account the multimodal character of the water use. The purpose of
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Air pollution from sulphur oxides (SOx) emitted from ships has substantially dropped over the past years, a new compliance report issued by the European Commission shows. As explained, this positive trend is the result of joint efforts by member states and the maritime industry to implement EU rules under the Sulphur Directive and opt for cleaner
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