The Paris Agreement comes into effect today. The Agreement compels countries to move their intentions into action, and to make financial commitments to achieve those targets.
Many commentators have said that the Agreement means the end for coal, but the appetite for affordable, reliable and accessible energy in developing and emerging economies, particularly in Asia means demand for coal continues to grow. Asia’s demand for coal is likely to increase for years to come even as governments in the region commit to steps to limit greenhouse gas emissions
Low emission coal technology features significantly in the plans of about 19 countries who together produce 44% of the world’s emissions.
Benjamin Sporton, Chief Executive, World Coal Association says:
“For many countries, coal will continue to play a significant role in economic development, industrialisation and urbanisation. It’s important to recognise that so far 19 countries have included low emission coal technology in their Intended Nationally Determined Contributions (INDCs), which are the foundation of the Paris Agreement. This means that for the Paris Agreement to be successful, we need to support these countries, most of which are developing and emerging economies, to shift their coal fired electricity to more efficient technologies so they can meet their climate commitments.
That means at the COP22 negotiations on implementing the Paris Agreement that begin next week in Marrakesh, we must look at way to facilitate technology transfer and financial support for low emission coal technologies.
We cannot wish coal away. Coal is part of the solution. We need all energy sources to meet global energy needs, and we need all low emissions technologies to reduce emissions. That means that high efficiency low emissions (HELE) coal technology and carbon capture use and storage (CCUS) must be recognised as essential mitigation technologies.”
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About the World Coal Association
The World Coal Association is a global industry association formed of major international coal producers and stakeholders. The WCA works to demonstrate and gain acceptance for the fundamental role coal plays in achieving a sustainable and lower emissions energy future. Membership is open to companies and not-for-profit organisations with a stake in the future of coal from anywhere in the world, with member companies represented at Chief Executive or Chairman level. WCA is the global network for the coal industry.
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