Almost 50 geoscientists have urged the government to commission an urgent review of the fracking earthquake limit, which they suggest should be raised to allow the industry to expand. They say that the scientific rationale of the 0.5 magnitude limit before fracking must cease is debatable. They call for a “realistic regulatory framework”. The letter to the Times, signed by 49 scientists, will increase pressure on the government to accede to the fracking industry’s demand for a review of the limit. The business department repeated this week that it had no plans to review the limit despite Cuadrilla and Ineos both saying that fracking would not be viable unless it was raised.
Times 9th Feb 2019 read more »
The demise of coal in the birthplace of the industrial revolution is meaningless compared to the crucial role it plays in powering Asia’s rapid economic growth, especially in China and India. Coal generates about 70pc of the electricity produced in both countries. The International Energy Agency expects global coal demand to continue rising through to 2023 with Asia offsetting declines in Europe. “The global economy needs coal,” said Alexey Danilov, director of Carbo One, a Cyprus-based coal trader with operations around the world told S&P Global Platts. “Coal played a vital role in the industrial revolution and even today it accounts for about 40pc of the global energy mix. It is used in steel production and other industries like pharmaceutical industries, paper manufacturers etc. People just need to know more about it.” For China, cheap coal-based electricity is essential to maintaining its low-cost industrial advantage. Although China added 40 gigawatts of solar PV last year, the country commissioned about 38GW of new coal-fired capacity, S &P Global Platts Analytics data show. A further 57 gigawatts are currently under construction further underscoring the fuel’s importance to the world’s second-largest economy. Although renewables, natural gas and LNG will eat into coal’s entrenched position in Asian electricity generation the fuel continues to be the lowest cost option for power markets in the world’s fastest growing economies.
Telegraph 8th Feb 2019 read more »