IEA: Global coal demand to fall in 2019, remain roughly flat to 2024

first_imgIEA: Global coal demand to fall in 2019, remain roughly flat to 2024 FacebookTwitterLinkedInEmailPrint分享The Guardian:Global demand for coal has fallen this year for the first time in two years as Europe and the U.S. turn their backs on coal-fired power plants in favour of cheap gas and renewable energy.A report from the International Energy Agency (IEA) found that the world’s appetite for coal declined in 2019 after a two-year resurgence following the steepest ever drop in the use of coal-fired power plants. The world’s energy watchdog said it is too soon to say whether the global appetite for coal would continue to decline because the fate of the industry rests largely in the hands of China’s policymakers.Coal remains the world’s single largest source of electricity generation, half of which is produced in China and used to power Chinese power plants.The IEA’s annual report on the coal industry revealed that the largest ever decline in the use of coal-fired electricity was led by steep cuts in coal demand from Europe and the U.S. Western countries are weaning their energy systems off coal power due to abundant cheaper alternatives such as renewable energy and gas, and flatlining energy demand.The IEA expects coal-fired electricity to rise only marginally between 2020 and 2024, at less than 1% a year, which should see its share of the global electricity mix fall to 35% in 2024 from 38% last year.But the forecasts could deviate widely, depending on China’s energy policy decisions in its next five-year plan, covering 2021 to 2025. The fossil fuel faces rising public opposition due to concerns over air pollution and the climate crisis. Many governments are now considering stronger climate and environmental policies as renewables and gas become cheaper to use. “If China changes – everything changes,” [Keisuke Sadamori, a director at the IEA] said.[Jillian Ambrose]More: World demand for coal falls despite growth in Asialast_img read more

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NCUA should seek feedback on CAMEL ratings

first_imgThe National Credit Union Administration (NCUA) should seek feedback from credit unions and other stakeholders concerning the current use of CAMEL ratings by the agency.The Federal Deposit Insurance Corporation and the Board of Governors of the Federal Reserve System are currently seeking feedback on how the agencies use their CAMELS ratings in enforcement action and application processes.The two banking agencies stated that this effort is consistent with the agencies’ commitment to increase transparency, improve efficiency, support innovation, and provide opportunities for public feedback.For example, the two banking regulators are looking for input on the extent that they appropriately communicate and support each rating after an on-site examination or at the end of an examination cycle, including communicating the effect of each rating or finding on the composite rating. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

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Binghamton University researcher receives $1.2 million dollar grant

first_imgThe news comes in October, which is Domestic Violence Awareness Month. 12 News spoke with Sutherland who provided more details into her research and the challenges she expects. The release also highlights the importance of this study, adding that, “one in four women experiencing some form of violence in a college setting, according to the Centers for Disease Control and Prevention.”center_img VESTAL (WBNG) — Binghamton University announced in a press release that researcher and Decker College professor Melissa Sutherland, along with a colleague, will be receiving a 4-year, $1.2 million grant to further investigate how screenings are done in college health centers as they relate to study of intimate partner and sexual violence. last_img

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Mikel Arteta offers Arsenal lifeline to Mesut Ozil after criticism from Freddie Ljungberg

first_imgAdvertisement Mesut Ozil has been thrown a lifeline by Mikel Arteta (Picture: Getty)Arsenal boss Mikel Arteta insists there will be a ‘clean slate’ for every player in his squad and that each member will have fresh chance to impress following his appointment.The Gunners appointed Arteta on a three-and-a-half-year deal last week and he watched on from the stands as Freddie Ljungberg’s side played out a 0-0 draw against Everton on Saturday.The Swede made a number of changes to the side at Goodison Park following Arsenal’s 3-0 defeat to Manchester City and Ljungberg revealed that Ozil would have been left out of the squad for his reaction to being subbed in the previous game, even if he had been fit.AdvertisementAdvertisement‘Mesut was injured, but I would not have picked him for the squad because I want to make a stance that it’s not what I accept from an Arsenal football player. That’s my decision,’ said Ljungberg.ADVERTISEMENT Mikel Arteta offers Arsenal lifeline to Mesut Ozil after criticism from Freddie Ljungberg Metro Sport ReporterMonday 23 Dec 2019 3:05 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link863Shares Arteta played alongside Ozil for three years (Picture: Getty)Arteta will take charge for the first time when Arsenal travel to Bournemouth on Boxing Day and, speaking ahead of that trip, he insisted every played will be given an opportunity to impress him.Asked about Ozil’s omission against Everton, Arteta said: ‘It’s a question for Freddie. I just wanted him to pick the best possible lineup for the game.‘You’re not going to be judged on what you done in the past, positive or negative.‘We will try to put the most competitive team out, we are to be ready and nullify them as much as possible.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalThere was good news for Arteta in today’s training session as Dani Ceballos made a return from injury after being sidelined for two months.Nevertheless, Arteta is keen on strengthening in the squad in January and he’s confirmed that he’s held discussions with the board over transfers.‘We had many other conversations,’ confirmed Arteta.‘We have a meeting soon and some ideas but we have to put them together.’MORE: Jamie Redknapp: Mikel Arteta needs to sort behaviour issues of Arsenal duo Mesut Ozil & Granit Xhaka Advertisement Commentlast_img read more

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These are the markets investors shouldn’t buy in, but where owner occupiers can grab a bargain

first_imgThe inner Brisbane unit market has been labelled a danger market for investors. Picture: AAP Image/Claudia Baxter.THESE are the dirty dozen, the markets investors have been warned to steer clear of, but where owner occupiers could potentially nab a bargain.Every state in Australia had at least one entry in the National Dirty Dozen list of danger markets with Queensland and New South Wales both accounting for three entries, according to property analyst Terry Ryder of hotspotting.Mr Ryder said the one thing all the markets had in common was that their sales activity was in sharp decline, there were high vacancy rates and in many cases falling prices.“Many of the National Dirty Dozen are markets that will recover in time,’’ he said.“But right now they are all bad places to buy real estate.’’In Queensland, Brisbane’s inner city unit market remained a prominent entrant.Mr Ryder said it was one of the weakest in the country with supply rising and sales activity falling. There are now nine suburbs classified as danger markets in the Brisbane metro area.These were the CBD, with a vacancy rate approaching 10 per cent, South Brisbane at 8 per cent, Fortitude Valley, Kangaroo Point, Kelvin Grove, Milton, Bowen Hills and Hamilton all with vacancies around 6 per cent. Mount Isa also made the list for Queensland. Mr Ryder said it was yet to enjoy the recovery some other mining towns had experienced.“Mt Isa remains in the doldrums,’’ he said.“Suburbs like Menzies, Pioneer and Mile End struggle to make a single sale per quarter.’’The third Queensland entrant was a bit broader “selected resources towns in Queensland’’.Mr Ryder didn’t just pinpoint one, he said there still remained some small town markets which were deeply in decline.“They include south western towns like Roma, Miles and Wandoan and central Queensland towns such as Clermont and Collinsville,’’ he said.In New South Wales, Parramatta was a danger market. Mr Ryder said the area had good growth drivers and infrastructure, plus jobs nodes, but was bought down by oversupply at a time of falling demand. Sydney’s inner south unit market was also on the list. It has experienced steep drops in sales numbers. This included Mascot, Wolli Creek, Waterloo and Zetland.The Sydney Olympic Park precinct made the list and was described as one of the weakest markets in Sydney.“It is marked not only by declining rates of sale but by the highest vacancy rates in the Sydney metropolitan area,’’ the report said.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus20 hours agoThe property market in Mt Isa had not yet made the come back that some resources town had. Picture: Lachie Millard.In Victoria, the oversupplied Melbourne inner city unit market was labelled a danger market as was other Melbourne suburban markets including Hawthorn and Hawthorn East which had experienced a major decline in sales. Darwin and Palmerston in the Northern Territory were identified as areas where sales were still languishing.“Vacancy rates are high and prices and rent are still falling, especially in the unit markets,’’ the report said. Perth’s inner city apartment made the list too. Mr Ryder said some Perth suburbs were improving.“The one major exception to the revival story is the inner city unit market,’’ he said.Median house prices in Como and South Perth were six per cent to seven per cent lower than three years ago.“The Perth CBD consistently made 160 plus sales per quarter in 2012 and 2013, but now 70 to 80 per quarter,’’ the report said.While Tasmania had been the hot property market for some time now, Mr Ryder listed it in his dirty dozen for some of its smaller western towns.“There have been times in the past when small towns in western Tasmania like Queenstown, Zeehan and Rosebery were relatively prosperous because of action in the resources sector,’’ he said.“But like so many small places pumped up by the resources sector, their markets, collapsed when the mining project went into decline.’’South Australia’s only entrant in the dirty dozen was Whyalla. “We await improvement in the Whyalla market now that a buyer for its biggest employer the struggling Arrium steel business, has emerged,’’ he said.“Whyalla is another victim of the volatility that’s normal in the resources sector.’’last_img read more

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Shell’s Dutch scheme introduces own ESG benchmark

first_imgThe Dutch pension fund for Shell (SSPF) said it introduced its own benchmark for its equity holdings.The move, which was introduced at the end of last year, was announced in the fund’s annual report for 2019, which said it is meant to improve the implementation of its environmental, social and governance (ESG) policy on its investments, while keeping its risk-return profile intact.Firstly, the €30bn scheme had moved 40% of its equity allocation – comprising 22.6% of its entire portfolio at year-end – to its “custom ESG benchmark”, which had been developed in co-operation with MSCI and SAMCo, Shell’s own asset manager.The new benchmark focuses on improving governance as well as a 10% reduction on its investments’ carbon footprint. The scheme reported an overall return on investments of 13.6%The scheme reported an overall return on investments of 13.6%, thanks to positive results on all asset classes. It said its 7.2% liabilities portfolio gained no less than 57%, but declined to provide details about its composition.SSPF’s return holdings of 53.7% generated 15%, while its third main portfolio – comprising liquidity and investment-grade assets, including credit and residential mortgages – delivered 3.5%.The pension fund said the interest hedge of its liabilities had contributed 4.6 percentage points to its overall return.It reduced its interest cover in August – when interest levels dipped to a very low level – from 25% to 10%. The hedge hasn’t changed since then.The Shell scheme spent 73 bps on asset management, more than half of which was incurred by alternative investments. Of this part, three-quarters went to private equity, it said.It paid €260 per participant for pensions provision. At the end of last March, its funding stood at 115.5%.To read the digital edition of IPE’s latest magazine click here. A spokeswoman for the pension fund said the intention isn’t yet to make its entire equity holdings subject to the change. “But we are continuously investigating whether a similar benchmark can add value to other parts of the investment portfolio,” she added.“We expect that such a benchmark will be applied to a larger part of the portfolio in the coming years.”In the annual report, Garmt Louw, the scheme’s chair, said SSPF had extended the engagement process with companies in its investment universe to its credit holdings, which largely focused on non-listed firms.The engagement has been outsourced to Hermes Equity Ownership Services, which will assess companies’ involvement in violations of the United Nation’s Global Compact rules on a quarterly basis.Last year, SSPF included the UN’s sustainable development goals (SDGs) in its ESG policy. It said it will consult its participants about the selection of priorities this year.Last week, the €8.7bn Dutch Pensioenfonds PostNL announced it had developed its own tailor-made sustainable index for European equity in collaboration with MSCI.Louw added that a new pensions system must leave room for closed schemes, such as SSPF, to keep on implementing their existing pension plan “and honouring pension claims”.He referred to “large adjustments, such as mandatory merging existing pension rights” into a new pensions contract. He aslo said that the current flexibility in arrangements as well as the existing way of financing pensions must remain as well.The chair said SSPF would carry out a special survey aimed at the possible impact of the pensions agreement between the government and the social partners on pensions for Shell staff.last_img read more

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Stricter ‘Super’ regulations mulled

first_img“Super” as a sex den was just one ofseveral alleged irregularities in the biggest public market in Iloilo City.Just this April, then mayor Jose Espinosa III revealed that fish vendors werebeing forced to cough up P50 for using tables, P10 for the trapaland P15 for the lights. The mayor ordered the LEEO to conductan investigation. It is closed by 10 p.m. or 11 p.m. anddelivery of products is scheduled, according to Nestor Canong, chief of thecity government’s Task Force on Morals and Values and Formation(TMVF) following initial talks with Local Economic Enterprise Office(LEEO) chief Ariel Castañeda. Gates would also be built to securethe market’s eight entrances, he added. Canong said makeshift structuresinside the market being used for commercial sex have already been dismantled asordered by the mayor. Vegetable vendors lay out their fresh produce outside the Iloilo Terminal Market, also known as “Super” to locals, in Iloilo City Proper. PHOTO BY LAGAW KITA TMVF and the Iloilo City PoliceOffice’s Women and Children Protection Desk recently rescued 14 minors at theterminal market. Treñas subsequently convened their parents. Soon, security cameras would beinstalled in the market, he added. Espinosa also exposed what he calledas “flying electricity connections” at the market, particularly at the fishsection. The electric bulbs of various fish stalls were connected to a privateelectricity meter and vendors were each made to pay P15 for their use. “Ginahalungannaton ang aton mga kabataan. Kon indi kamo mag-atipan sa mga kabataan, ari kamimaga-remind nga inyo sila responsiblidad,” said Treñas. ILOILO City – The city government hasimposed tighter regulations at the Iloilo Terminal Market, popularly known as“Super”, following the discovery of it being utilized in the commercial sextrade. “Indipwede nga diri sa aton syudad ginapabay-an n’yo ang inyo kabataan. Kamo nagdalasang inyo kabataan sa kalibutan, inyo sila responsibilidad,” Treñas told the parents. The parents were also offered theopportunity to avail themselves of livelihood training by the Public EmploymentService Office of the city government and the Technical Education and SkillsDevelopment Administration.  Canong’s task force reported to MayorJerry Treñas recently that the market was being used as sex den by pimps atnight and that most of the prostituted people there were minors. The LEEO is the city government officeoverseeing the operation of public markets. He also noted the sprouting of illegalstructures outside the market. He wondered who set them up and who were makingmoney from vendors using these./PN These measures are on top of thedeployment of barangay tanods in the market to check those entering andleaving, said Canong.last_img read more

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Batesville Bats 9U Win School’s Out Showdown

first_imgThe Batesville Bats 9U won the School’s Out Showdown Championship this past weekend in Edinburg defeating the Indiana Bandits out of Greenfield 11-0 on Sunday.The squad faced a difficult situation to begin the contest in the top of the first inning when the Bandits had a runner at 2nd with one out.  Brayden Maple enticed the 3 hitter from the Bandits to ground out pitcher to first.  With two outs, First Baseman, Jaiden Kuria made a fantastic snare down the right field line on the ground and stepped on the bag to send the Bats to their first at bat of the game.Evan Johnson led of the home half of the inning with a hard hit line drive base hit.  Johnson stole second base and was driven in by Caleb Mohr’s base hit up the middle. Mohr advanced to second base on a wild pitch and scored after a base hit by Dane Dudley and a throwing error by the short stop sending the Bats to the 2nd inning with a 2-0 lead they would not relinquish.The Bats did the major damage in the 2nd inning by batting around and scoring 9 runs.  9 walks by the Bandits pitcher aided in the Bats success.  Brayden Maple pitches 4 solid innings for the Bats, allowing only 1 hit, walking two and striking out 4.In the semi-final contest the Bats won a nail biter over the Frankfort Flash 4-3.  Entering the contest as the tournament’s #2 seed, the squad scored one in the bottom half of the first after Evan Johnson led off with a double and scored on Jacob Kuria’s triple to right center.The Flash evened the score in the 4th after the #1 Flash hitter hit a triple to the right center alley.  After a walk, Jaiden Kuria came on in relief to strike out the side, but only after the Flash tied the score at one when the runner scored on a wild pitch.The Bats plated two runs in the bottom of the 4th when Cayden Drake, Noah Weigel, and Preston Blessing loaded the bases by reaching on walks.  Ethan Schneider scored Drake with the go ahead run with a ground out to the Flash first baseman.  Ethan Lacey reached on the next at bat with an error on the short stop making the score 3-1 Bats heading into the 5th.The Flash scored one in the 5th to make the score 3-2.  The Bats added a key insurance run in the bottom portion of the 5ht when with one out, Mohr doubled to left field and scored later on a wild pitch setting up the dramatic 6th and final inning.The Flash led off the inning with a walk.  After a hard hit line drive to Mohr at second base for the first out of the inning, the Flash loaded the bases with two more consecutive walks.  A wild pitch scored the lead-off batter to make the score 4-3 Bats.  The next play became critical.  Maple fielded a slow grounder up the first base line and fired home to Johnson for the tag to prevent the runner from tying the score.  After another walk and a 1 ball and 0 strike count on the batter, the Manager Drake, called on Ethan Lacey for the save, and he didn’t disappoint.  He enticed the hitter to fly out to himself to send the team to the championship.The team played at 9:00 AM to begin bracket play on Sunday and defeated the Indian Fusion 8-0.  Landon Raver was solid on the mound with 4 shut-out innings, allowing only 1 hit, walking 2 and striking out 3.The previous day was pool play and the squad earned a victory to start the tournament over the Columbus Crush, 10-1 and a hard fought contest over the Edgewood Bulldogs 10-7.For the tournament, the team was led in hitting by Caleb Mohr who hit .400 with 6 runs scored and 3 RBI’s;  Ethan Schneider also hit .400 with 4 runs scored and Cayden Drake hit .375 with 6 runs scored, 2 RBI’s and 2 doubles.  The team was led in pitching with solid performances by Maple who pitched 7 innings, allowing 0 runs, 2 hits in 24 opponent at bats, walking 3 and striking out 11.  Drake pitched 5 innings allowing 3 hits in 19 at bats, allowing 2 earned runs, walking 3 and striking out 6.  Jaiden Kuria was also solid pitching 4 innings allowing 2 hits in 14 at bats, 2 earned runs, walking 3 and striking out 9.The Bats overall record on the campaign moves to (23-6) and will be in action next in Columbus  June 10th and 11th for the USSSA Summer Frenzy.Courtesy of Coach Paul Drake.last_img read more

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Video: Melania Trump’s diet includes…

first_imgInside Edition breaks down the first lady’s diet.Melania Trump, a former model, knows the importance of healthy eating, but once in a while, she likes to treat herself.When the first lady wants to indulge, one of her favorite spots to visit is the world-famous restaurant Jean-Georges at the Trump International Hotel in New York, according to Inside Edition.The first lady’s favorite meal is chicken parmesan.Frequently Mrs. Trump sticks to a simple and healthy diet.She tries to eat seven pieces of fresh fruit each day.Peaches and apples are reportedly her favorites.last_img

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Felicity Huffman Rocks Green Prison Garb

first_imgHer husband William H. Macy and daughter visited the low-security correction institution for female offenders. The actress’s family is allowed to visit her on the weekends. Huffman reported to prison last Tuesday to begin serving her 14-day sentence after she admitted to her role in the college admissions scandal.Aunt Becky is paying close attention. Felicity Huffman has been photographed for the first time in her prison uniform during a visit with her family. The actress was seen on Saturday wearing a green prison jumpsuit at the Federal Correctional Institution in Dublin, California. Felicity Huffman Shows Off New Jumpsuit in Prison During Family Visit https://t.co/APZw5K6RyJ— TMZ (@TMZ) October 19, 2019last_img

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