Coal - March 31
by Staff
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The report highlights that the "proved reserves at year end" published in the most recent BP Statistical Review of World Energy in June 2006 are stated as being for year end 2005, but are actually based on the latest World Energy Council (WEC) assessments, which contain data for the end of 2002. So our best figures on this are actually over four years old. And our worst figures? Well, some haven’t been updated in 15 years (China) and some in up to 40 years (Vietnam, Afghanistan). But really the key message in the global data lies in the rate at which reserves estimates have been revised downwards. ...I must stress that one of the key findings of this report is that data quality is very poor globally, and so all of the findings should be taken with that caveat, but the trends do seem clear. Indeed, we sent a copy of this report to Richard Heinberg and he has revealed that a Dutch study-in-progress using different criteria has reached preliminary results confirming this report’s findings. And the poor data quality is itself hardly reassuring for an energy source which is becoming increasingly central to our global future. This report clearly carries many serious implications, but for now I’ll just share the information and leave these to be discussed on TOD. Further analysis of the report has also recently been released in Heinberg’s March MuseLetter.
I will first offer some context for appreciating these conclusions, by way of some general information about global coal usage. Then I will describe the basis for the report’s conclusions, and finally will attempt to draw out some of the implications (not discussed by the report’s authors) for world energy supply and climate policy |
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