Corporates urged to sign up for RE100 pledge
Coal Insights|July 2020
At an event by the Council for Sustainable Business in June, COP26 president Alok Sharma urged companies to sign up for RE100, a global initiative run by the international non-profit body, the Climate Group, whose 240 members commit to sourcing all their power from renewable sources by 2030. Together, RE100 members now represent a scale of electricity demand that is greater than that of Poland and the Czech Republic combined, according to The Climate Group.
Corporates urged to sign up for RE100 pledge

COP26 stands for the upcoming 26th Conference of the Parties to be attended by countries that signed the United Nations Framework Convention on Climate Change (UNFCCC) - a treaty agreed 1994.

Edited excerpts of the speech:

“Good afternoon everyone, and huge thanks for inviting me to this Council for Sustainable Business COP26 business leaders event.

I am really sorry I can’t be with you live, so to speak, but as this event is taking place, I am in the House of Commons Chamber, setting out our latest set of reforms to help businesses bounce back from the pandemic.

Of course, governments and businesses around the world are having to respond to the immediate and acute challenges posed by the pandemic.

But what we also know is that the climate crisis has not taken any time off.

Of course we do still have some time left to define the future when it comes to combating climate change.

But we have to act now. For this to be successful, it ultimately has to be a joint endeavour between nations, civil society and businesses.

In response to the pandemic, we are seeing countries around the world bring forward green recovery packages.

I do think this will provide an impetus for positive change.

Here in the UK, working with business, we have shown that green growth is absolutely possible.

Between 1990 and 2018, the UK economy has grown by 75 percent and at the same time, we have managed to cut emissions by 43 percent. We have done this by working together and building entirely new industries.

Let me give you some examples. 20 years ago, the UK had two offshore wind turbines, powering just two thousand homes.

This story is from the July 2020 edition of Coal Insights.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the July 2020 edition of Coal Insights.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM COAL INSIGHTSView All
SCCL's coal production up 64% in Q1
Coal Insights

SCCL's coal production up 64% in Q1

Coal production by SCCL during Q1 FY22 stood at 15.57mt, 64% higher than 9.50 mt achieved in Q1 FY21.

time-read
2 mins  |
July 2021
The UK to end thermal coal use in October 2024
Coal Insights

The UK to end thermal coal use in October 2024

The deadline to phase out coal from Great Britain’s energy system has been brought forward by a year as part of the UK government’s decision to go further in driving down emissions and tackling climate change.

time-read
8 mins  |
July 2021
Coal handled by major ports up 38.5% in Q1
Coal Insights

Coal handled by major ports up 38.5% in Q1

The 12 major Indian ports handled 39.37 million tons (mt) of coal (thermal + coking) during April- June of FY22, up by 38.5 percent from 28.42 mt recorded in the corresponding quarter of FY21, according to data released by the Indian Ports Association (IPA).

time-read
1 min  |
July 2021
Cement sector sees demand revival
Coal Insights

Cement sector sees demand revival

Retail demand was under pressure during the first two months of FY22 with April and May production falling by 12 percent and 17 percent respectively month-on-month (m-o-m) as per Index of Industrial Production data.

time-read
3 mins  |
July 2021
Indian Railways' coal handling up 42% in Q1
Coal Insights

Indian Railways' coal handling up 42% in Q1

Indian Railways in April-June of FY22 transported 157.78 million tons (mt) of coal, up by 42.4 percent from 110.80 mt handled in corresponding quarter of FY21.

time-read
1 min  |
July 2021
CIL's coal production up 2.4% in Q1
Coal Insights

CIL's coal production up 2.4% in Q1

Coal India’s (CIL) coal production during April-June quarter (Q1) of FY22 was up by 2.4 percent to 124 million tons (mt) as compared to 121 mt achieved during the same quarter last fiscal (FY21), according to (provisional) data released by the company.

time-read
1 min  |
July 2021
Coal Insights

India's May coal imports up 20% y-o-y

Coal and coke imports in May 2021 were up 20.44 percent year-on-year (y-o-y), according to import data available with Coal Insights. Imports rose to 19.92 million tons (mt) from 16.54 mt during May of previous year.

time-read
1 min  |
July 2021
There is still a long way to go to squeeze coal out: BP
Coal Insights

There is still a long way to go to squeeze coal out: BP

There are worrying signs that last year’s Covid-induced dip in carbon emissions will be short lived as the world economy recovers and lockdowns are lifted, says Bernard Looney Chief Executive Officer of BP in the recently published Statistical Review of World Energy 2021 published by the company.

time-read
4 mins  |
July 2021
“Growing Infrastrcuture is a big opportunity for OTR Tires in India”
Coal Insights

“Growing Infrastrcuture is a big opportunity for OTR Tires in India”

India is now considered to be the largest market for Off-the-Road Tires (OTR) used in construction & mining industry. The opening up of the coal sector has provided further push to the potential usage of such tires. And Balkrishna Industries Ltd, a global player with diversified portfolio under the BKT brand across agriculture, industrial, construction, earthmoving, mining and port is set to seize the opportunity. Rajiv Poddar, Joint Managing Director, Balkrishna Industries Ltd., tells Arindam Bandyopadhyay of Coal Insights about the opportunities and outlook for the sector and the company.

time-read
6 mins  |
July 2021
SCCL's coal production up 69% in May
Coal Insights

SCCL's coal production up 69% in May

After putting up a dismal performance last year, Singareni Collieries Company Ltd (SCCL) has started the new fiscal on a high note. Coal production by SCCL in May 2021 surged to 5.44 million tons (mt), about 68.56 percent higher than 3.23 mt achieved in the same month last year, according to (provisional) data released by the company.

time-read
1 min  |
June 2021