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World Coal Association COP25 Media Statement

Coal News - Published on Thu, 05 Dec 2019

Image Source: cloudfront.net
The World Coal Association has responded positively to the Paris Agreement, seeing it as an opportunity to renew commitments to financing low emission technologies. Transitioning to clean energy does not mean a transition away from coal. It means transitioning to technologies that can achieve zero emissions, such as carbon capture, use and storage. It said “Many countries have identified high efficiency low emissions coal technologies as part of their Nationally Determined Contributions in the Paris Agreement; while some countries have also included a role for CCUS technology. Most of these countries are developing and emerging economies that have to meet their growing energy needs, ensure energy access, and reduce emissions. These technologies are critical to achieving global climate aspirations. In the International Energy Agency’s most recent Stated Policies Scenario, which incorporates all of the climate pledges announced by governments, coal is predicted to still generate 25% of the world’s electricity in 2040. 70% of world steel production is reliant on coal and it is widely used as a source of energy in the cement industry.”

WCA said “Given the continued role of coal, WCA has been clear that technology and innovation are critical in driving down emissions and ensuring that energy and climate change challenges are addressed as integrated priorities. It is essential that we see responsible investment, development and deployment of clean fossil fuel technologies – including coal.”

WCA added “Technology is the most significant catalyst to achieving our environmental aspirations. This is a multi-faceted goal and requires a balanced and collaborative response from governments, investors and industry.”

WCA concluded “At COP25, WCA will continue to advocate for policy parity for all low emission technologies, including HELE coal and CCUS, alongside calling for greater action on CCUS. The deployment of these technologies will be key to the success of the Paris Agreement and to the clean energy transition.”

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Posted By : Rabi Wangkhem on Thu, 05 Dec 2019
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