Directions for Sustainable Development of China's Coal Industry in the Post-Epidemic Era

China's energy structure is dominated by fossil fuels, especially coal consumption, which accounts for a relatively high share. In January 2020, the COVID-19 outbreak affected the global coal market, and many countries experienced negative economic growth. Economic development requires energy consumption. In 2021, China set a target of peaking carbon emissions by 2030 in order to phase out the dependence of carbon emissions on economic development. Therefore, the aim of this article is to develop directions for the sustainable development of China's coal industry. Based on the macroenvironment and situation analysis, the article concludes that, under the influence of geopolitics, China's shortage of imported coal resources and China's continuous rise in coal demand, the share of coal in China's energy structure will not decrease significantly in the long-term. The main directions for the sustainable development of China's coal industry are to ensure the safety of coal energy storage and improve the level of safety supervision;coordinate the development of regional energy;increase the clean, efficient, and low-carbon utilization of coal;and strengthen international coal strategic cooperation.

Coal Is a Priority for Energy Security, until It Is Not: Coal Phase-Out in the EU and Its Persistence in the Face of the Energy Crisis

In the wake of the COVID-19 pandemic and the Russian invasion of Ukraine, many countries see coal as the easiest solution to their energy sector challenges, despite the consequences for climate goals. Several countries of the European Union started to re-evaluate their coal policies vis-à-vis the current energy crisis and, although such a change is expected to be short-term in nature, it nevertheless has negative consequences for the Union's 2050 climate goal. However, most of the EU countries did not revise their phase-out goals. This paper examines Slovakia as a country that embarked on a coal phase-out trajectory only a few years before the pandemic broke out and stayed firmly on this path despite benefits stemming from the continued use of domestic coal. Domestic coal used to be considered a safeguard of energy security in Slovakia, especially after the 2009 gas crisis. However, a decision was made in 2018 to phase out coal by 2023, and this has not changed despite increased focus on domestic energy sources as energy security guarantors during the current energy crisis. This paper explains the decision in favour of a coal phase-out and its support vis-à-vis the energy crisis using the concept of ‘financial Europeanisation', which stresses the importance of EU funds for the development of the domestic policies of EU member states. While the expected funds serve as a catalyst for the coal phase-out needed to reach climate goals, short-term advantages of revising a coal phase-out were outweighed by long-term benefits provided by EU funds.

Measuring carbon emissions performance of Japan's metal industry: Energy inputs, agglomeration, and the potential for green recovery reduction

This study measures the total factor carbnon dioxide (CO2) emissions performance of the metal industry, iron and steel, nonferrous metal, and metal processing industries in 39 Japanese prefectures from 2008 to 2019. The true fixed-effects panel stochastic frontier model identifies regional carbon efficiency as well as the inefficiency determinants. The main results are as follows. First, a decrease in the coal ratio and an increase in the electricity ratio in total energy consumption improves efficiency. This result suggests that electrification in the metal industry, especially conversion from blast furnaces to electric furnaces in the iron and steel industry, contributes to reducing carbon emissions. Second, industrial agglomeration improves carbon emissions performance in the metal industry. This implies that agglomeration and decarbonization policies focusing on there are more effective, rather than a uniform national policy. Third, compared to the cumulative CO2 emissions over the sample period, 49,017 × 103 tons, the cumulative CO2 mitigation potential is 29,703 × 103 tons, indicating that CO2 emissions can be reduced by 60.6% without affecting the output. Forth, to examine the green economic recovery with efficiency in Japan's metal industry after COVID-19, we present a simple scenario analysis where a k% replacement coal ratio with an electricity ratio in total energy consumption, assuming that each prefecture will achieve the maximum CO2 emission amount during the sample period. By replacing 10% of the coal ratio with the electricity ratio, CO2 emissions can be reduced by 23.0%. In the case of a 20% replacement, CO2 emissions can be reduced by 33.0%. Our results show that Japan's targets in the post-COVID-19 green recovery process should be a decrease in coal consumption, an increase in electricity, and industrial agglomeration. © 2023 Elsevier Ltd

IMPACT OF THE CRISIS ON THE FINANCIAL PERFORMANCE OF THE COAL INDUSTRY

The aim of the work is to develop measures to support the coal industry during non-systemic crises, one of which was the 2020–2021 crisis caused by the COVID-19 pandemic. The object of the study is the Russian coal industry as a set of enterprises engaged in the extraction and enrichment of coal. The subject of the study is the impact of the crisis on the financial result of the industry. The paper identifies and systematizes the factors of the crisis and analyzes its impact on the financial result of the industry and individual groups of enterprises. Groups of enterprises were identified, the financial results of which deteriorated the most. Based on the results of the analysis, a cash flow management scheme was proposed, aimed at minimizing the negative impact of the crisis on operating, financial and investment activities. © D.Yu. Savon, A.E. Safronov, N.O. Vikhrova, G.V. Kruzhkova, M.S. Goncharov, 2022.

Research on the Application of Blockchain Technology in Coal Supply Chain Finance

The implementation of measures to limit electricity consumption in many provinces of China has caused coal prices to rise irrationally, further aggravating the financing problems of small and medium-sized enterprises in the supply chain. Small and medium-sized enterprises lacking funds cannot effectively participate in the green transformation and development of the coal industry, which slows down the sustainable development process of the coal industry. Under the current background of low-carbon advocacy, blockchain technology can reasonably allocate resources and efficiently process information, thereby providing a solution for this financing problem. This paper first proposes a coal accounts receivable financing model based on blockchain technology, then builds a coal accounts receivable financing system dominated by ports through blockchain technology. Finally, the Stackelberg yield–benefit model is used to analyze the income function of each participant in the process of accounts receivable financing. The results show that the use of blockchain technology can reduce the financing condition of financial institutions and improve the maximum income of cooperative enterprises in the chain while solving the financing problems of small and medium-sized enterprises in the coal supply chain. This study provides practical significance and theoretical value for promoting the transformation and upgrading of coal enterprises and accelerating the opening of the sustainable development model of the coal industry.

Environmental Geochemistry and Positive Impact of Covid-19 Pandemic with Special Emphasis to Coal Mining Industry: An Overview

In the present situation, Covid-19 is considered to be an unbeaten global pandemic. In every single fleeting moment, this SARS-CoV-2 (coronavirus-2) causes greater damage to our life including the physical world including drastic imbalance of the whole economic condition of any country. The lockdown governed in two consecutive years (2020 and 2021) in the world to control the spreading of the virus poses an undue threat to the industrial sectors including the coal mining sectors that determine the economic growth of the country. With these negative impacts of coronavirus-2 in our life, this present review aims to explore some of the positive influences of the Covid-19 pandemic through the restoration of the environmental system which are otherwise not possible. This quantitative review finds that spreading of the Covid-19 pandemic indirectly improves the air and water quality by reducing the number of vehicles, reduces the CO2, NOx, particulate matter, and other polluting gases emission from coal-based power plants through periodical lockdown in the country. Moreover, the lockdown implemented to minimise the spreading of the Covid-19 significantly reduces the coal dust production from the mining and transportation of coal that indirectly reduces environmental pollution.

A Safe and Efficient Mining Method with Reasonable Stress Release and Surface Ecological Protection

Coal is an important basic energy source, widely distributed throughout the world, but resource abundance is uneven. Despite the need to develop and form new energy sources, coal energy maintains its dominant position. However, due to the uneven distribution and non-renewable nature of coal resources, the relationship between the supply and demand of coal resources is tight. The rational exploitation of coal and reducing resource mining wastes are particularly important at the present stage. The original mining method of the Zhangjiamao coal mine resulted in a large waste of coal resources. After replacing the “110 construction method”, the original advanced end-support was canceled, which saved a lot of process time and engineering costs and greatly improved the mine production efficiency. With an average mining depth of +300 m, the working face is in a safe and stable state, and the 110-mining process has little impact on surface subsidence. Its successful application provides a reference experience for other mines to promote resource-saving and efficient mining.

The Economic Effects of China’s Distribution Industry: An Input-Output Analysis

This study contributes by analyzing the economic effects of China’s distribution industry based on China’s 2012 and 2017 input-output data. It analyzes changes in the forward and backward linkage effect over a five-year period in accordance with the Chinese government’s distribution industry policy. The coefficients of the effects of the Chinese distribution industry, using Input-Output Tables and a comparative analysis of the sensitivity of dispersion, were determined. In terms of the coefficient of influence, most of the sectors that ranked high in 2012 are related to manufacturing, except for lodging and catering. The sensitivity and influence coefficients indicate that the top-ranked sectors in 2012 were more affected by the raw materials and energy essential for manufacturing development than by the services sector.

Analysis of Going Global Opportunities of Coal Based Energy Industry Under the Background of COVID-19 and Emission Peak Carbon Neutrality

Since the outbreak of COVID-19 worldwide, the world's political and economic environment has been accelerated and the strategic competition and confrontation between China and the West have intensified. The populism, nationalism and local protectionism brought by COVID-19 are rising day by day, which further magnify and accelerate the adjustment of the international political pattern. The "going global" environment facing China is becoming more and more severe and complex. In addition to the stricter review threshold and multi-party containment constraints, overseas project development also faces travel restrictions and isolation measures brought by the epidemic, which also makes it difficult to effectively carry out preliminary work such as project business contact and investment bidding. At the same time, the global emission peak and carbon neutrality boom has led to a decline in coal demand to a certain extent. One belt, one road, and key areas for China's coal based energy industry, and a combination of energy planning policies of some countries and regions, should be applied to promote the development of coal based projects in a timely and orderly manner. © 2022 by Aussino Academic Publishing House.

Estimating the Employment and Fiscal Consequences of Thermal Coal Phase-Out in China

China hosts over half of global coal-fired power generation capacity and has the world’s largest coal reserves. Its 2060 carbon neutrality goal will require coal-fired electricity generation to shrink dramatically, with or without carbon capture and storage technology. Two macroeconomic areas in which the socioeconomic impact of this decline is felt are losses in jobs and tax revenues supported by thermal coal mining, transport and power generation. At the national level, under a ‘baseline’ (B) scenario consistent with China’s carbon neutrality goal, labour productivity growth in coal mining implies that significant job losses will occur nationally in the medium term, even if all coal plants continue operating as planned. Jobs supported by the coal power industry would decline from an estimated 2.7 million in 2021, to 1.44 million in 2035 and 94,000 in 2050, with jobs losses from mining alone expected to exceed 1.1 million by 2035. Tax revenues from thermal coal would total approximately CNY 300 billion annually from 2021–2030, peaking in 2023 at CNY 340 billion. This is significantly less than estimated subsidies of at least CNY 480 billion, suggesting coal is likely a net fiscal drain on China’s public finances, even without accounting for the costs of local pollution and the social cost of carbon. As coal plant retirements accelerate, from 2034 onwards, fiscal revenues begin to fall more rapidly, with rates of decline rising from 1% in the 2020s to over 10% a year by the 2040s. More aggressive climate policy and technology scenarios bring job and tax losses forward in time, while a No Transition policy, in which all currently planned coal plants are built, delays but does not ultimately prevent these losses. At the provincial level, China’s major coal-producing provinces will likely face challenges in managing the localised effects of expected job losses and finding productive alternative uses for this labour. Governments of coal-producing provinces like Inner Mongolia, with an industry highly dependent on exports to other provinces, are more exposed than others to declining tax revenues from coal, and more insulated from job losses, given their high current degree of labour efficiency. Although their provincial revenues are likely to remain stable until the early 2030s under the B scenario, the possibility of increasing policy stringency underlines the need for revenue and skill base diversification. At the firm level, China’s ‘Big Five’ state-owned power companies were responsible for over 40% of both jobs and tax revenues in 2021. The number of jobs supported by the activities of each of the largest ten firms, with one exception, will decline by 71–84% by the early 2040s, with the tax contribution of each declining by 43–69% in the same period.