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    coal investing

    World Coal Association Calls for Investment in Cleaner Coal Technologies

    Charlotte McLeod
    Feb. 13, 2015 04:47PM PST
    Industrial Metals

    Mining Weekly reported that the World Coal Association is calling for increased investment in cleaner coal technologies. It believes such technologies are necessary to meet global energy demand and subdue energy poverty.

    Mining Weekly reported that the World Coal Association is calling for increased investment in cleaner coal technologies. It believes such technologies are necessary to meet global energy demand and subdue energy poverty.

    As quoted in the market news:

    The appeal came as the International Energy Agency (IEA) forecast coal use to grow by around 17% in the next 20 years.

    WCA acting CEO Benjamin Sporton said in a statement that the organisation recognised the ‘vital’ role that all low-emission technologies could play and would promote their adoption through the recently created Platform for Accelerating Coal Efficiency (Pace).

    ‘Pace’s vision is for the most efficient power plant technology possible to be deployed when coal plants are built. The platform’s objective is to raise the global average efficiency of coal-fired power plants and so minimise carbon dioxide (CO2) emissions, while maintaining legitimate economic development and poverty alleviation efforts,’ he outlined.

    Click here to read the full Mining Weekly report.

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