Katowice Summit To Hammer Out Rule Book To 2015 Paris Agreement
Steel Insights|December 2018

This year’s United Nations Climate Conference could be a landmark one for the global coal industry as well.

Kingshuk Banerjee
Katowice Summit To Hammer Out Rule Book To 2015 Paris Agreement

While coal is a crucial energy mix for India and China, the world’s two leading energy spenders, the US on its part too is gearing up for the coal lobby. So after Paris, the centre of attention would be shifted to Katowice, the Polish coal town, in 2018.

The 24th Conference of the Parties to the United Nations Framework Convention on Climate Change or COP24 would be held in Katowice in December. The pivotal 2018 UN climate conference would be held in the heart of Poland’s coal mining industry, in a move that has angered some campaigners but offered others hope that it symbolises transition away from fossil fuels.

The coal town of Katowice – founded on coal mining – is in the heart of the Upper Silesian coal basin and plays host to one of the European mining industry’s biggest trade fairs. Ironically, the choice of town was announced by the United Nations Framework Convention on Climate Change (UNFCCC) on the day US President Donald Trump was on the verge on quitting the Paris Climate agreement.

This year’s talks in Katowice are intended to hammer out a rule book to the 2015 Paris agreement on climate change, which set a sweeping goal of ending the fossil-fuel era in this century by spurring a trillion-dollar transition to cleaner energy sources such as solar and wind power. But the coal lobby is not that disheartened too. It perceives that Katowice could be a landmark in reviving the global coal sector as well.

As said one expert, “Quite frankly, the US is the only party to the convention that appears to be willing to push a rational discussion on the role of cleaner, more efficient fossil (fuels) and the role of civilian nuclear energy.”

Washington’s coal stance: more resolute

Esta historia es de la edición December 2018 de Steel Insights.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 2018 de Steel Insights.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE STEEL INSIGHTSVer todo
Steel's Net Zero mission
Steel Insights

Steel's Net Zero mission

The country’s commitment to achieving Net Zero within a targeted timeframe will now propel its steel sector towards a sustainable future in line with global trends.

time-read
10+ minutos  |
November 2021
Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
Steel Insights

Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales

Supply chain disruptions and fuel price hikes have hurt festive sales in a big way as most auto majors posted decline in sales in October.

time-read
5 minutos  |
November 2021
Seaborne coking coal offers remain range-bound
Steel Insights

Seaborne coking coal offers remain range-bound

Seaborne coking coal offers moved in a narrow range in October amid global supply tightness and healthy spot demand.

time-read
3 minutos  |
November 2021
Global crude steel output down 8% in September
Steel Insights

Global crude steel output down 8% in September

China manufactured 74 mt in September, fall of 21% y-o-y while India’s production went up by 7% to 10 mt.

time-read
1 min  |
November 2021
MOIL embarks on expansion projects
Steel Insights

MOIL embarks on expansion projects

“Even though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.” Ram Chandra Prasad Singh, Steel Minister

time-read
5 minutos  |
November 2021
Iron ore handled by major ports down 17% in H1
Steel Insights

Iron ore handled by major ports down 17% in H1

The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.

time-read
1 min  |
November 2021
Shrinking China output to boost India exports
Steel Insights

Shrinking China output to boost India exports

“In the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.” Baoshan Iron and Steel Co Ltd

time-read
4 minutos  |
November 2021
Indian Railways' iron-ore handling up 25% in H1
Steel Insights

Indian Railways' iron-ore handling up 25% in H1

Indian Railways in April-September of 2021 (H1) transported 84 mt of iron ore, up by 25% over 67 mt during April-September 2020.

time-read
1 min  |
November 2021
September crude steel production up 7.2% y-o-y
Steel Insights

September crude steel production up 7.2% y-o-y

India’s crude steel production in September 2021 grew 7.2 percent to 9.547 million tons (mt) over September 2020 but was down by 3.2 percent from August 2021 output, provisional steel ministry data showed.

time-read
2 minutos  |
November 2021
“Five enablers: way forward to sustainable cleaner steel”
Steel Insights

“Five enablers: way forward to sustainable cleaner steel”

Right and scalable technology, appropriate policy guidance by government, access to finance to fund transition, willingness of customers to pay for cleaner products and infrastructure for use of new technologies are the need of the hour for the sustainable and cleaner steel industry, according to Madhulika Sharma, Chief Corporate Sustainability, Tata Steel.

time-read
10+ minutos  |
November 2021