coal: the future fuel milton catelin chief executive wca eurasia-mena mining, industrial minerals,...
TRANSCRIPT
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 providesthe 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• CO2 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 PowerTech
• PT Adaro Indonesia• Anglo Coal• Arch Coal• BHP Billiton Energy Coal• BHP Billiton Mitsubishi
Alliance• Carbones del Cerrejon
Colombia• Caterpillar Global Mining• ChinaCoal• 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
~ 2x as long as gas (58years)
~ almost 3x as long as oil (46 years)
• Abundant
• Globally distributed
• Affordable & stable in price
• Safe & reliable
The 21st century world has been built on coal
Skepticism of coal’s future
Global Coal Demand according to the IEA
World Energy Outlook Reference Scenario
Coal Demand in 2010 (Mtoe)
Average Annual Growth Rates
Growth period
WEO 2000 2820 1.70% 2000-2010
WEO 2002 2702 1.40% 2000-2010
WEO 2004 2763 1.80% 2002-2010
Actual Global Coal Consumption
Actual 2010 coal consumption 3664 Size of underestimation 23% - 26%
Actual Average Annual Growth Rate
4.60% 2000-2010
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
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The Energy Security Difference Between Oil, Gas and Coal
Oil 2% of the People
Control52%
Gas
Coal
3% of the PeopleControl
54%
Control50%
42% of the People
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”