{"id":7603,"date":"2024-06-12T16:47:48","date_gmt":"2024-06-12T16:47:48","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=7603"},"modified":"2024-06-12T16:47:51","modified_gmt":"2024-06-12T16:47:51","slug":"g7-needs-to-adopt-balanced-coal-approach-futurecoal","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2024\/06\/12\/g7-needs-to-adopt-balanced-coal-approach-futurecoal\/","title":{"rendered":"G7 needs to adopt balanced coal approach: FutureCoal"},"content":{"rendered":"\n

The following is a statement from FutureCoal, formerly known as World Coal Association, and has been edited only for style and clarity.<\/em><\/p>\n\n\n\n

Following the announcement to \u201cphase out existing unabated coal\u201d by 2035 at the G7 Ministers\u2019 Meeting on Climate, Energy, and Environment, FutureCoal insists that world leaders must embrace a balanced, pragmatic, and responsible approach to energy policy.<\/p>\n\n\n\n

Chief executive Michelle Manook said the official communiqu\u00e9 released by the G7 is unclear in what they seek to achieve as \u201cmany of the G7 countries do not rely on coal for baseload electricity. The ones in the G7 that continue to use coal, namely Germany and Japan, have publicly stated that they still need coal to keep the lights on.\u201d<\/p>\n\n\n\n

Germany: while German legislation still calls for a coal phase-out by 2038, an earlier phase-out remains unclear. In late 2023, the finance minister dismissed the Government\u2019s aim to phase out coal by 2030 if the country still lacks affordable energy. According to the energy regulator, the lack of sufficient and dependable standby capacity, such as coal, will pose serious problems for the German grid.<\/p>\n\n\n\n

Japan: the most cautious of the G7 nations, has rightly avoided a coal phase-out date. Japan operates the world\u2019s most efficient coal power fleet, a bedrock for electricity supplies after the mass nuclear shutdown in 2011.<\/p>\n\n\n\n

A balanced approach is essential for every nation\u2019s energy future, where affordability, reliability, and security remain crucial, especially as coal is pivotal to over 80 countries. According to the IEA, global coal demand reached an all-time high in 2022 due to increased electricity demand and industrial uses, and set to grow in 2023.<\/p>\n\n\n\n

\n

\u201cThe world needs wider apolitical leadership beyond the G7 to engage the Global South in investing in all technology solutions, including abated coal, to lower global emissions,\u201d said Manook.<\/p>\n<\/blockquote>\n\n\n\n

\u201cIf the G7 or other forums choose to weigh in on these debates, they must adopt a pragmatic, responsible fuel and technology-agnostic position supporting all nations\u2019 sovereign rights.\u201d<\/p>\n\n\n\n

These forums should recognize FutureCoal\u2019s Sustainable Coal Stewardship roadmap, which showcases the existing abatement and commercial opportunities that enable the entire coal value chain to mitigate emissions in line with the 1.5 \u00b0C goal.<\/p>\n\n\n\n

\u201cKnown technologies can abate up to 99% of coal emissions during combustion,\u201d Manook added that \u201cgenuine international cooperation is pivotal for propelling us toward our global sustainability objectives.\u201d<\/p>\n\n\n\n

In the context of the G7 Communique, \u201cunabated coal\u201d typically refers to coal plants not equipped with Carbon Capture and Storage (CCS).<\/p>\n\n\n\n

ABOUT FUTURECOAL<\/strong>
FutureCoal is the global alliance for sustainable coal and the world\u2019s only coal multilateral and neutral representative organization.<\/p>\n\n\n\n

Editor’s note: FutureCoal was formerly known as the World Coal Association.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The following is a statement from FutureCoal, formerly known as World Coal Association, and has been edited only for style and clarity. Following the announcement to \u201cphase out existing unabated coal\u201d by 2035 at the G7 Ministers\u2019 Meeting on Climate, Energy, and Environment, FutureCoal insists that world leaders must embrace a balanced, pragmatic, and responsible approach to energy policy. Chief…<\/p>\n","protected":false},"author":1,"featured_media":7604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[196],"tags":[2976,2670,2669],"coauthors":[1644],"class_list":["post-7603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-final-word","tag-carbon-capture-and-storage","tag-futurecoal","tag-world-coal-association"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t