• 5 minutes Trump will capitulate on the trade war
  • 7 minutes China 2019 - Orwell was 35 years out
  • 12 minutes Glory to Hong Kong
  • 15 minutes ABC of Brexit, economy wise, where to find sites, links to articles ?
  • 3 hours Here's your favourite girl, Tom!
  • 8 hours Peaceful demonstration in Hong Kong again thwarted by brutality of police
  • 8 hours Civil Unrest Is Erupting All Over The World, But Just Wait Until America Joins The Party...
  • 4 hours Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 6 hours China's Blueprint For Global Power
  • 2 hours Nigeria Demands $62B from Oil Majors
  • 10 hours Australian Hydroelectric Plant Cost Overruns
  • 2 hours Canada Election Deadlock?
  • 6 hours IMO 2020:
  • 22 hours Brexit agreement
  • 9 hours Ford Planning Huge North American Charging Network
  • 1 day The Problem Is The Economy, Not The Climate
  • 23 hours 5 Tweets That Change The World?
Alt Text

Iran Prepares For War With Israel (Part 2)

Iran has been emboldened by…

Alt Text

Are Sci-Fi Energy Sources Even Possible?

There are some wild and…

Alt Text

Putin’s Plan To Take Control Of The Middle East

Russia is taking advantage of…

MINING.com

MINING.com

MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…

More Info

Premium Content

Chile May Struggle Without Coal

Chile is pushing power companies to phase out coal plants following a government announcement earlier this year that the country wouldn’t build coal-fired power plants unless they were equipped with carbon capture and storage (CCS).

The decision, part of a wider national plan to transition to cleaner energy sources, has already claimed some victims, with French power company Engie SA announcing last week it would close its coal-fired power plants in the country as there was “little point” in trying to sell them. Instead, it plans to replace the capacity with renewable energy.

The agreement, signed by Chile’s major utilities, places the country among roughly 20 other nations seeking to curb greenhouse-gas production.

(Click to enlarge)

Taken from Energy Policies Beyond IEA Countries – Chile 2018 Review.

Currently, coal makes up 21 percent of the nation’s installed capacity. The share of renewable energies in its evolving power mix is 22 percent, but the goal is to meet 70 percent of national electricity needs with solar, wind, hydropower, geothermal, and ocean energy by 2050, the government said in January.

In the last decade, Power Magazine reports, Chile has tripled its generation capacity in from 6.5 GW to 23 GW to meet soaring power demand bolstered by an economy driven by exports:

Yet, the government expects power demand will more than double through 2050. And because it remains an electricity island, with only one cross-border connection, Chile must produce all its own power needs sustainably. Related: Is This Natural Gas Major About To Be Taken Over?

The copper producing country’s decision is in line with predictions, such as the World Bank’s, which expects coal use to nosedive in the next 30 years.

(Click to enlarge)

"The model has been coal plus renewables, the model can be gas plus renewables. I think 10, 12 years from now, we will see renewables and storage and nothing more than that," Riccardo Puliti, the World Bank's global head of energy and extractives, told CNBC.

Yet coal still provides about 40 percent of the world’s electricity, and many countries aren’t willing to commit to a total phase-out just yet. A number of developing countries in Asia — including India, Vietnam and Bangladesh — continue to plan new coal plants and so provide to those who don't have it.

What’s more, according to data released in March by the International Energy Agency, global coal consumption increased in 2017, after two straight years of decline.

By Mining.com

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage



Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play