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SECTOR / INDUSTRY
ENERGY / Coal
Coal was at the core of the industrial revolution, but employment levels have been in decline since the 1920s
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The Human Cost of Coal
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Coal miners were able to earn good money extracting coal from mother nature.
There was, however, a terrible cost in terms of human health. Black lung disease was endemic among coal miners and extracted a terrible toll among mining communities.
Sadly, the social safety net for miners has been weak, both at a governmental level and from mining companies.
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Stranded Assets
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Bloomberg Carbon Risk Valuation Tool
In the last two years, the issue of ‘stranded assets’ has started to loom larger and larger, particularly in relation to the idea that climate change policy could induce the stranding of some conventional assets. Here we introduce a first-cut tool that helps illustrate the potential impact of stranding on a company’s earnings and share price.
- Investors are trying to understand what the valuation impacts of stranded assets could be on their holdings and whether these are material risks or not.
- The Bloomberg Carbon Risk Valuation Tool (CRVT), available on the Bloomberg Professional service at XLTP XCO2, offers a starting point to illustrate the potential impact on earnings and share price of companies, particularly those in extractive industries, under carbon pollution constraints.
- The tool offers five pre-built scenarios, plus the ability to adjust assumptions. The scenarios provide the ability to apply some of the ways in which stranded asset risks could manifest themselves.
'http://www.truevaluemetrics.org/DBpdfs/Energy/Bloomberg/BNEF_WP_Carbon-Risk-Valuation-Tool_131125.pdf'
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http://www.truevaluemetrics.org/DBpdfs/Energy/Bloomberg/BNEF_WP_Carbon-Risk-Valuation-Tool_131125.pdf
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Open PDF ... BNEF_WP_Carbon-Risk-Valuation-Tool_131125
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One of Trump’s attempts to save coal was just killed by his own people.
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Ngataringa/Getty Images
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In January 2018, the five-member Federal Energy Regulatory Commission unanimously squashed a Trump administration plan to give coal, hydroelectric, and nuclear power plants a boost. Trump had nominated four of those five commissioners.
The rejected rule was proposed by Department of Energy Secretary Rick Perry in September. It would have subsidized power plants that have enough fuel onsite to keep making electricity for 90 days. (Only coal, hydropower, and nuclear power plants would meet this standard.) The justification was that America needed to provide an incentive for generators that can reliably provide electricity in all sorts of situations.
FERC commissioners were fine with that goal — they asked electric grid operators to report back to them about their plans to keep systems resilient in the face of emergencies. But the regulators said that giving a subsidy to certain kinds of power would violate the law.
It’s a big victory for natural gas and renewable electricity, and another strike against coal, nuclear, and hydro.
Written by Nathanael Johnson Jan 8, 2018
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Using government regulation to give incentive to coal
'http://grist.org/briefly/one-of-trumps-attempts-to-save-coal-was-just-killed-by-his-own-people/'
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Open external link
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There Is No Energy Crisis, There is a Crisis of Ignorance
There Is No Energy Crisis, There is a Crisis of Ignorance
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Open file 1107
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