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FILE PHOTO: a chimney at Laziska power station, a thermal power plant, is seen behind the Boleslaw Smialy coal mine in Laziska Gorne, Poland, December 5, 2018. REUTERS/Kacper Pempel/File Photo
LONDON (Reuters) - Analysts have raised their European carbon market average price forecasts for 2021 and 2022 after record highs this month on growing confidence in the EU’s Emissions Trading System (ETS) and soaring gas prices that drove up the cost of carbon permits.
EU Allowances (EUAs) are expected to average 39.24 euros a tonne in 2021 and 46.24 euros in 2022, according to a Reuters survey of eight analysts. That is up 3.6% and 11.1% respectively from forecasts in October.
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Edenville Energy Plc, an AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, has provided the following corporate update.
Funding agreement with Lind Partners LLC: update
The company has provided an update regarding its outstanding funding agreement with Lind Partners LLC, that was first announced on 6 November 2018 (the funding agreement).
As announced on 6 October 2020, Lind requested Edenville repay the total outstanding balance of the funding agreement, being US$580 000, by 30 November 2020. The company has since been engaged in a constructive dialogue with Lind regarding the repayment terms of the funding agreement and is pleased to report the revised repayment schedule has been agreed as follows:
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NEW YORK, Jan. 18, 2021 /PRNewswire/ Global coal handling system sales are set to grow at 4.2% y-o-y in 2021, and surpass US$ 6.5 billion in valuation. Demand from thermal power generation will continue to sustain momentum, however, long-term prospects of coal handling equipment industry will contract as a shift toward renewable energy sources is underway. Leading research and consulting firm, Fact.MR, in its latest study, opines market revenues to grow at over 4% during the period 2020-2030. While US and Europe are making a gradual exit from coal energy, cost-efficiency will continue to drive demand in China and India. To boost efficiency and mitigate energy losses, use of integrated coal handling management system is likely to grow in these countries. Especially, material handling and stockyard management will witness an increasing level of automation in the next decade , says Fact.MR in the latest 2020-2030 edition of the study.
China’s ban on Australian coal drives diversification, but can it fill the gap?
China has begun importing coal from Colombia and South Africa, underscoring its reluctance to buy from Australia amid a diplomatic spat
But questions have been raised about whether China can do without Australian coal and how it will diversify its supply in the years ahead
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