COAL the future fuel Milton Catelin Chief Executive
- Slides: 14
COAL: the future fuel Milton Catelin Chief Executive WCA Eurasia-MENA Mining, Industrial Minerals, Mineable Energy Trade & Investment Summit ISTANBUL 17 May 2012
World Coal Association WCA provides the global voice for coal COAL provides 25% of world primary energy 40% of world electricity 66% of world steel • • • • • Assocarboni (Italy) Associacao Brasileira do Carvao Mineral Association of UK Coal Importers Australian Coal Association Camara Asomineros CEMBUREAU Coal Association of Canada Coal Association of New Zealand Confederation of UK Coal Producers CO 2 CRC (Australia) German Hard Coal association Indonesian Coal Mining Association Iranian Mines and Mining Industries Japan Coal Energy Center National Mining Association (USA) Shaanxi Coal Industry Bureau Svenska Kolinstituten UK Association of British Mining Companies • World Energy Council (UK) • • EURACOAL Global CCS Institute UCG Association VGB Power. Tech • • • • • • PT Adaro Indonesia Anglo Coal Arch Coal BHP Billiton Energy Coal BHP Billiton Mitsubishi Alliance Carbones del Cerrejon Colombia Caterpillar Global Mining China. Coal India Limited Consol Energy Glencore International Joy Global Katowice Holdings Mitsubishi Development Peabody Energy Rio Tinto Limited SHENHUA GROUP Solid Energy NZ TOTAL SA VALE XSTRATA Coal
Globally, coal has a competitive advantage COAL LASTS 118 YEARS ~ 2 x as long as gas (58 years) ~ almost 3 x as long as oil (46 years) • Abundant • Globally distributed • Affordable & stable in price • Safe & reliable
The 21 st century world has been built on coal
Skepticism of coal’s future
The more things change, the more they stay the same
Good policy provides balanced solutions Balanced Solutions
The energy security difference between oil, gas and coal
Coal has a major role in meeting energy poverty Source: International Energy Agency
Real solutions to climate change
Effective climate actions: efficiency
Global investments necessary to effectively combat climate change
Coal fuels wind power
Coal is the future cor. ner. stone noun. . among other things “something that is essential, indispensible, or basic: the cornerstone of democratic government is a free press “the chief foundation on which something is constructed or developed: the cornerstone of his argument was that all people are created equal”