Page 4 - Repi Coal News Today

Indonesia plans to launch a carbon exchange in the second half of this year, its financial regulator said on Friday, as part of efforts to boost renewable energy use and achieve net-zero emissions by 2060.

Australia's exports to China surged to record highs in March as the Asian giant sucked in more iron for its steel industry and lowered barriers to thermal coal shipments amid thawing diplomatic relations.

India plans to stop building new coal-fired power plants, apart from those already in the pipeline, by removing a key clause from the final draft of its National Electricity Policy (NEP), in a major boost to fight climate change, sources said.

India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers, two Indian government officials and a source with direct knowledge of the matter said.

Texas is emerging as an unlikely catalyst for energy transition efforts across the United States by rolling out clean energy supplies at a faster pace than long-time renewables hub California and the rest of the country.

Australia's biggest hydropower project faces a delay of up to two years, likely pushing its start-up out to 2028, the company said on Wednesday, in the latest setback for the A$5 billion ($3.33 billion) renewable energy project.

China is already on track to emit the most coal-fired power emissions in history in 2023, but may now push coal use up another gear after the manufacturing sector unexpectedly contracted in April following a strong start to the year.

More than three years since China first blocked a range of Australian imports in a political dispute, restrictions are easing, but reviving trade is proving more challenging than stopping it in the first place.

India, backed by China, is trying to build a consensus within the G20 group to let countries choose a roadmap to cut carbon emissions instead of setting a deadline to end the use of fossil fuels, three Indian government officials said.

Refining giant Sinopec Corp sees China's diesel and gasoline demand growing more in the second quarter than in the first three months of 2023, a trend set to bolster the firm's profitability further this year.