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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gcm Resources Plc | LSE:GCM | London | Ordinary Share | GB00B00KV284 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.125 | -1.89% | 6.50 | 6.25 | 6.50 | 6.625 | 6.375 | 6.63 | 2,487,691 | 16:35:18 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Coal Mining Services | 0 | -1.32M | -0.0056 | -11.38 | 15.15M |
Date | Subject | Author | Discuss |
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21/4/2024 10:19 | https://youtu.be/hM9 | stevehuges | |
21/4/2024 10:05 | Further update from Searcher off the back of todays energy meeting BBC Bangla Interview by Nasrul Hamid (Energy Minister)Today 10:00 The BBC interview is from today - I am trying to get the whole interview translated, but it is going to take some time, BUT in short ................. This has to be PHULBARI...... :)) Bangladesh is preparing to mine its own coal to reduce energy crisis and import dependency in the future while there is also a plan to mine coal in an open method. In the proposal that the Ministry of Energy is going to make for the high-level decision of the government, the final decision will be the matter of extracting coal from three mines of the country at the initial stage Five coal mines have been discovered in the northern part of Bangladesh so far. These mines have reserves of 7,823 million tons of coal. Twenty percent of this coal is mineable, amounting to 1,564.6 million tons, according to the presentation of the Energy Department. This amount of coal is capable of meeting the energy demand equal to 40.6 trillion cubic feet of gas. | baxtea1 | |
21/4/2024 10:03 | Bird Brain is angry about this article 🤣 “ RULING PARTY AND ITS PRE-ELECTION PLEDGE FOR MINING DOMESTIC COAL This has Phulbari written all over it imo!!!!! Here are just some of the points from the article... “It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government” “Technical experts, economists, and analysts have long been suggesting the exploration and exploitation of superior-quality coal resources lying at mineable depths. Various studies have been conducted by local and international experts, justifying the proposals for mining coal and using it as the cheapest alternative to depleting natural gas. Even the present government in its past three terms pledged for mining coal. However, the required political decision in this regard has not been made.” “The technological and economic aspects heavily favor mining domestic coal.” “The need now is for the government to take the decision of mining or not mining coal. Nothing but domestic coal can ensure sustainable energy security for Bangladesh in the prevailing and emerging global geopolitical situation. Despite global movement for energy transition from fossil fuel to renewable energy coal is going to remain one of the major fuels over the next 30-40 years. Moreover, Bangladesh has no obligation to limit emissions as it has only a negligible carbon footprint of its own.” “The government paying through its nose realized that the increasing dependence on imported fuel through ignoring exploration and development was a major political mistake.” “Exploration of coal and gas should be a top priority national agenda. The government should not only make an immediate political decision to mine coal it must also reorganize the mining directorate of Petrobangla to champion coal mining.” “It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government” “A positive signal of the government will encourage investment. In the meantime, the government engaging competent mining experts can review all study reports for implementing mining strategy.” “However, the election agenda of the ruling party before the general election of 2024 included a government pledge to mine coal. Hope policymakers will produce convincing and authentic documents to the Prime Minister for her courageous decision. Local coal will delay the requirement for importing fuel from abroad. The government will have breathing space for exploring and developing offshore petroleum resources and logically expanding solar and wind power resources.” hxxps://ep-bd.com/vi | baxtea1 | |
21/4/2024 09:50 | The reality is a bit different than 3-4£ Bangladesh's young climate activists demand revision of Energy Master Plan Want renewable energy-based plan High time to get rid of expensive technology, harmful fossil fuel use hxxps://www.dhakatri Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Tribune ReportTribune Report Publish : 20 Apr 2024, 11:00 AMUpdate : 20 Apr 2024, 11:00 AM Bangladeshi climate activists demand a revision of the Integrated Energy Power Master Plan (IEPMP) or integrated master plan for the electricity and energy sector so that a sustainable and climate-friendly renewable energy-based master plan is possible. Pause Unmute Remaining Time -9:59 Close PlayerUnibots.com They raised these demands at a rally held in front of the National Press Club in the capital on Friday. The banner-festoons held by them spell various slogans like the transformation of the energy sector, amendment of energy master plan, urgency of renewable-based power and harmonization of various energy policies, danger of detrimental effects of climate change, energy transition, climate finance and need for renewable electricity. The young climate activists called on the government to urgently revise the current master plan, highlighting the costly bogus solutions contained in the Energy Master Plan (IEPMP). Dr Khandaker Gholam Moazzem, director of research at the Centre for Policy Dialogue (CPD), a non-governmental policy-research organization, said in a message in solidarity with the youth's demands: â€Åââ Young activists also called for an IEPMP to be in line with the Mujib Climate Prosperity Plan (MCPP) and other national policies to prioritize renewable energy. To ensure a sustainable energy future for generations to come, the revised IEPMP should prioritize achieving national renewable energy targets by including them, activists urged. As part of the Global Climate Strike, young students went on strike on Friday to ensure a liveable world and called on world leaders to be more vocal in tackling climate change. Youth Net for Climate Justice, a Bangladesh-based climate organization, â€�an Executive Coordinator of Youth Net for Climate Justice Sohanur Rahman said: â€Åââ Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Greenhouse gas-emitting fuels like ammonia and hydrogen have also been included in the list of â€Åââ Climate activists also urged at the rally that developed countries should take effective action to ensure that multinationals do not invest in fossil fuels to limit global temperature increase to 1.5 degrees Celsius as per the Paris Agreement. And at the same time, renewable energy should be chosen as an alternative instead of falling for various unproven â€Åââ â€Åââ Friday's rally also called for quick compensation to affected and climate-vulnerable countries with money from developed countries who are responsible for most pollution to establish ''climate justice'' as promised at the COP conference. To do that, a sufficient fund should be built on a priority basis which would be followed by a quick withdrawal strategy so that money can be discharged without any delay. At the rally, the youth demanded an unconditional waiver of the financial debt of the countries of the "Global South" so that the poor and underdeveloped countries could put more effort into combating climate change. They also sharply criticized developed countries and multinational corporations for constantly making false promises about reducing carbon emissions. They uttered various details of the disastrous life that the citizens of affected countries like Bangladesh are living due to the effect of climate change. Not only storms, floods, and tidal waves, but also climate change is no less responsible for the terrible and deadly form of air pollution in big cities like Dhaka, they said. Speakers at the rally said, the world is going through a crucial time due to the catastrophic effects of climate change, which the United Nations has already declared a â€Åââ From the rally, the youth urged Bangladesh to move away from high-cost energy imports and expensive technology-based policies to create a climate-friendly, renewable energy-based master plan and take effective steps to implement it. | silvstallone | |
21/4/2024 09:48 | 3-4£ 🤣🤣 Which lollipop flavor do you like?? The real investment manager calculation 🤣🤣 mankiniparty Posted in: GCM Posts: 225 Price: 6.80 Strong Buy RE: Investors Chronicle9 Mar 2024 12:47 GCM did have a lot more assets back in those days & cash in the bank. They also owned the Bangla Peoples Tel plus stock in Polo , Aurrora , couple of other coal companies i forget who, i think coal Africa or something. There is also more than triple the volume of shares now. However. Coal price has increased, which would counter some of the latter. I believe the old original Cazenove Broker note predicted around £15 per share at full ramp up. So, even if you divide that by 3, would still be a conservative £5+ per share. Pretty sure we’d all be happy with that 😂 Obviously thats me looking at it in a very simplistic way. Another short term projection you could look at is on the SoD submission & potential approval. When Hasina was first elected this went over £3 on anticipation of green light. So i guess £1 short term is easily achievable. SoD approval, untested share price reaction but you’d have to say £3-£4, in my opinion | silvstallone | |
21/4/2024 09:39 | Yep, its a great article Steve. All coming together now👍 Thanks to bird brain keep trying to hide it, we have to keep reposting it 😂 | baxtea1 | |
21/4/2024 09:32 | This article only a few days old ! Looks good with the big energy meeting today ! | stevehuges | |
21/4/2024 09:25 | From Searcher on lse: “ RULING PARTY AND ITS PRE-ELECTION PLEDGE FOR MINING DOMESTIC COAL This has Phulbari written all over it imo!!!!! Here are just some of the points from the article... “It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government” “Technical experts, economists, and analysts have long been suggesting the exploration and exploitation of superior-quality coal resources lying at mineable depths. Various studies have been conducted by local and international experts, justifying the proposals for mining coal and using it as the cheapest alternative to depleting natural gas. Even the present government in its past three terms pledged for mining coal. However, the required political decision in this regard has not been made.” “The technological and economic aspects heavily favor mining domestic coal.” “The need now is for the government to take the decision of mining or not mining coal. Nothing but domestic coal can ensure sustainable energy security for Bangladesh in the prevailing and emerging global geopolitical situation. Despite global movement for energy transition from fossil fuel to renewable energy coal is going to remain one of the major fuels over the next 30-40 years. Moreover, Bangladesh has no obligation to limit emissions as it has only a negligible carbon footprint of its own.” “The government paying through its nose realized that the increasing dependence on imported fuel through ignoring exploration and development was a major political mistake.” “Exploration of coal and gas should be a top priority national agenda. The government should not only make an immediate political decision to mine coal it must also reorganize the mining directorate of Petrobangla to champion coal mining.” “It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government” “A positive signal of the government will encourage investment. In the meantime, the government engaging competent mining experts can review all study reports for implementing mining strategy.” “However, the election agenda of the ruling party before the general election of 2024 included a government pledge to mine coal. Hope policymakers will produce convincing and authentic documents to the Prime Minister for her courageous decision. Local coal will delay the requirement for importing fuel from abroad. The government will have breathing space for exploring and developing offshore petroleum resources and logically expanding solar and wind power resources.” hxxps://ep-bd.com/vi | baxtea1 | |
21/4/2024 08:38 | Which lollipop flavor do you like?? The real investment manager calculation 🤣🤣 mankiniparty Posted in: GCM Posts: 225 Price: 6.80 Strong Buy RE: Investors Chronicle9 Mar 2024 12:47 GCM did have a lot more assets back in those days & cash in the bank. They also owned the Bangla Peoples Tel plus stock in Polo , Aurrora , couple of other coal companies i forget who, i think coal Africa or something. There is also more than triple the volume of shares now. However. Coal price has increased, which would counter some of the latter. I believe the old original Cazenove Broker note predicted around £15 per share at full ramp up. So, even if you divide that by 3, would still be a conservative £5+ per share. Pretty sure we’d all be happy with that 😂 Obviously thats me looking at it in a very simplistic way. Another short term projection you could look at is on the SoD submission & potential approval. When Hasina was first elected this went over £3 on anticipation of green light. So i guess £1 short term is easily achievable. SoD approval, untested share price reaction but you’d have to say £3-£4, in my opinion | silvstallone | |
21/4/2024 08:34 | 15 years Your average must be amazing 🤣🤣 mankiniparty Posted in: GCM Posts: 225 Price: 8.75 Strong Buy RE: Pros and cons21 Mar 2024 11:28 I’m a 15 year veteran & i can categorically say this is the most positive i have been here. It is definitely the closest its been to the green light. There has never so much positive news coming out of Bangladesh Hasina has never been presented with the plan The share price has never been controlled so tightly. Nor have we seen an unprecedented volume of large delayed buys over such a lengthy period. The most positive AGM ever Those who know who i am, know i always tell it how i see it. Positive or negative, the latter not going down well in years gone by on here😂 Obviously no guarantees but with all factors taken into consideration, i am very positive this is now a done deal | silvstallone | |
21/4/2024 08:33 | When exactly? 🤣🤣 mankiniparty Posted in: GCM Posts: 225 Price: 8.45 Strong Buy RE: Volume22 Mar 2024 11:24 They’ll be paying £1.04 in a few weeks 😄👊 | silvstallone | |
21/4/2024 08:32 | Even better 30mio £ 🤣🤣 mankiniparty Posted in: GCM Posts: 225 Price: 7.00 Strong Buy RE: Phulbari Open Pit Mining!!!!!4 Apr 2024 08:03 Morning mud & jeweller, just like the olden days. Still on for the £10 party 🥳 | silvstallone | |
21/4/2024 08:26 | The reality is a bit different Bangladesh's young climate activists demand revision of Energy Master Plan Want renewable energy-based plan High time to get rid of expensive technology, harmful fossil fuel use hxxps://www.dhakatri Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Tribune ReportTribune Report Publish : 20 Apr 2024, 11:00 AMUpdate : 20 Apr 2024, 11:00 AM Bangladeshi climate activists demand a revision of the Integrated Energy Power Master Plan (IEPMP) or integrated master plan for the electricity and energy sector so that a sustainable and climate-friendly renewable energy-based master plan is possible. Pause Unmute Remaining Time -9:59 Close PlayerUnibots.com They raised these demands at a rally held in front of the National Press Club in the capital on Friday. The banner-festoons held by them spell various slogans like the transformation of the energy sector, amendment of energy master plan, urgency of renewable-based power and harmonization of various energy policies, danger of detrimental effects of climate change, energy transition, climate finance and need for renewable electricity. The young climate activists called on the government to urgently revise the current master plan, highlighting the costly bogus solutions contained in the Energy Master Plan (IEPMP). Dr Khandaker Gholam Moazzem, director of research at the Centre for Policy Dialogue (CPD), a non-governmental policy-research organization, said in a message in solidarity with the youth's demands: â€Åâ& Young activists also called for an IEPMP to be in line with the Mujib Climate Prosperity Plan (MCPP) and other national policies to prioritize renewable energy. To ensure a sustainable energy future for generations to come, the revised IEPMP should prioritize achieving national renewable energy targets by including them, activists urged. As part of the Global Climate Strike, young students went on strike on Friday to ensure a liveable world and called on world leaders to be more vocal in tackling climate change. Youth Net for Climate Justice, a Bangladesh-based climate organization, â€� Executive Coordinator of Youth Net for Climate Justice Sohanur Rahman said: â€Åâ& Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Greenhouse gas-emitting fuels like ammonia and hydrogen have also been included in the list of â€Åâ& Climate activists also urged at the rally that developed countries should take effective action to ensure that multinationals do not invest in fossil fuels to limit global temperature increase to 1.5 degrees Celsius as per the Paris Agreement. And at the same time, renewable energy should be chosen as an alternative instead of falling for various unproven â€Åâ& â€Åâ& Friday's rally also called for quick compensation to affected and climate-vulnerable countries with money from developed countries who are responsible for most pollution to establish ''climate justice'' as promised at the COP conference. To do that, a sufficient fund should be built on a priority basis which would be followed by a quick withdrawal strategy so that money can be discharged without any delay. At the rally, the youth demanded an unconditional waiver of the financial debt of the countries of the "Global South" so that the poor and underdeveloped countries could put more effort into combating climate change. They also sharply criticized developed countries and multinational corporations for constantly making false promises about reducing carbon emissions. They uttered various details of the disastrous life that the citizens of affected countries like Bangladesh are living due to the effect of climate change. Not only storms, floods, and tidal waves, but also climate change is no less responsible for the terrible and deadly form of air pollution in big cities like Dhaka, they said. Speakers at the rally said, the world is going through a crucial time due to the catastrophic effects of climate change, which the United Nations has already declared a â€Åâ& From the rally, the youth urged Bangladesh to move away from high-cost energy imports and expensive technology-based policies to create a climate-friendly, renewable energy-based master plan and take effective steps to implement it. | silvstallone | |
21/4/2024 08:25 | Have you called Hasina and Hamid I want my 3 mio shares (i had for free with trading gains) at 8£ Can’t wait to cash my 24mio £ 🤣🤣 | silvstallone | |
21/4/2024 08:06 | All ducks lined up, go ahead is imminent, ignore yapping puppies who have made themselves look stupid. “Import 500MW” 🤣🤣 What a bird brain 🤣🤣 “the ruling party before the general election of 2024 included a government pledge to mine coal” | baxtea1 | |
21/4/2024 08:01 | Breaking news Fill yer boots on Monday “It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government” | baxtea1 | |
21/4/2024 07:59 | From Searcher on lse: “ RULING PARTY AND ITS PRE-ELECTION PLEDGE FOR MINING DOMESTIC COAL This has Phulbari written all over it imo!!!!! Here are just some of the points from the article... “It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government” “Technical experts, economists, and analysts have long been suggesting the exploration and exploitation of superior-quality coal resources lying at mineable depths. Various studies have been conducted by local and international experts, justifying the proposals for mining coal and using it as the cheapest alternative to depleting natural gas. Even the present government in its past three terms pledged for mining coal. However, the required political decision in this regard has not been made.” “The technological and economic aspects heavily favor mining domestic coal.” “The need now is for the government to take the decision of mining or not mining coal. Nothing but domestic coal can ensure sustainable energy security for Bangladesh in the prevailing and emerging global geopolitical situation. Despite global movement for energy transition from fossil fuel to renewable energy coal is going to remain one of the major fuels over the next 30-40 years. Moreover, Bangladesh has no obligation to limit emissions as it has only a negligible carbon footprint of its own.” “The government paying through its nose realized that the increasing dependence on imported fuel through ignoring exploration and development was a major political mistake.” “Exploration of coal and gas should be a top priority national agenda. The government should not only make an immediate political decision to mine coal it must also reorganize the mining directorate of Petrobangla to champion coal mining.” “It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government” “A positive signal of the government will encourage investment. In the meantime, the government engaging competent mining experts can review all study reports for implementing mining strategy.” “However, the election agenda of the ruling party before the general election of 2024 included a government pledge to mine coal. Hope policymakers will produce convincing and authentic documents to the Prime Minister for her courageous decision. Local coal will delay the requirement for importing fuel from abroad. The government will have breathing space for exploring and developing offshore petroleum resources and logically expanding solar and wind power resources.” hxxps://ep-bd.com/vi | baxtea1 | |
21/4/2024 07:36 | Bangladesh's young climate activists demand revision of Energy Master Plan Want renewable energy-based plan High time to get rid of expensive technology, harmful fossil fuel use hxxps://www.dhakatri Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Tribune ReportTribune Report Publish : 20 Apr 2024, 11:00 AMUpdate : 20 Apr 2024, 11:00 AM Bangladeshi climate activists demand a revision of the Integrated Energy Power Master Plan (IEPMP) or integrated master plan for the electricity and energy sector so that a sustainable and climate-friendly renewable energy-based master plan is possible. Pause Unmute Remaining Time -9:59 Close PlayerUnibots.com They raised these demands at a rally held in front of the National Press Club in the capital on Friday. The banner-festoons held by them spell various slogans like the transformation of the energy sector, amendment of energy master plan, urgency of renewable-based power and harmonization of various energy policies, danger of detrimental effects of climate change, energy transition, climate finance and need for renewable electricity. The young climate activists called on the government to urgently revise the current master plan, highlighting the costly bogus solutions contained in the Energy Master Plan (IEPMP). Dr Khandaker Gholam Moazzem, director of research at the Centre for Policy Dialogue (CPD), a non-governmental policy-research organization, said in a message in solidarity with the youth's demands: “By prioritizing fossil fuels and false solutions like hydrogen and carbon capture in the current IEPMP, the government is hindering Bangladesh's energy transition and jeopardizing its environmental and economic future. To truly align with national renewable energy targets and accelerate our progress towards a sustainable future outlined in the Mujib Climate Prosperity Plan, it's imperative to revise the IEPMP. Removing barriers to renewable energy adoption is essential for a successful energy transition, and revising the IEPMP is the first step towards achieving this goal.� Young activists also called for an IEPMP to be in line with the Mujib Climate Prosperity Plan (MCPP) and other national policies to prioritize renewable energy. To ensure a sustainable energy future for generations to come, the revised IEPMP should prioritize achieving national renewable energy targets by including them, activists urged. As part of the Global Climate Strike, young students went on strike on Friday to ensure a liveable world and called on world leaders to be more vocal in tackling climate change. Youth Net for Climate Justice, a Bangladesh-based climate organization, �and Fridays for future-s Bangladesh Branch held this program at the press club in coordination with the “Gl Executive Coordinator of Youth Net for Climate Justice Sohanur Rahman said: “Th Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Greenhouse gas-emitting fuels like ammonia and hydrogen have also been included in the list of “cl Climate activists also urged at the rally that developed countries should take effective action to ensure that multinationals do not invest in fossil fuels to limit global temperature increase to 1.5 degrees Celsius as per the Paris Agreement. And at the same time, renewable energy should be chosen as an alternative instead of falling for various unproven “fa “Co Friday's rally also called for quick compensation to affected and climate-vulnerable countries with money from developed countries who are responsible for most pollution to establish ''climate justice'' as promised at the COP conference. To do that, a sufficient fund should be built on a priority basis which would be followed by a quick withdrawal strategy so that money can be discharged without any delay. At the rally, the youth demanded an unconditional waiver of the financial debt of the countries of the "Global South" so that the poor and underdeveloped countries could put more effort into combating climate change. They also sharply criticized developed countries and multinational corporations for constantly making false promises about reducing carbon emissions. They uttered various details of the disastrous life that the citizens of affected countries like Bangladesh are living due to the effect of climate change. Not only storms, floods, and tidal waves, but also climate change is no less responsible for the terrible and deadly form of air pollution in big cities like Dhaka, they said. Speakers at the rally said, the world is going through a crucial time due to the catastrophic effects of climate change, which the United Nations has already declared a “re From the rally, the youth urged Bangladesh to move away from high-cost energy imports and expensive technology-based policies to create a climate-friendly, renewable energy-based master plan and take effective steps to implement it. | silvstallone | |
21/4/2024 07:35 | Others ? There is only you and me on this thread | silvstallone | |
21/4/2024 07:34 | Jeeeez wake up early Have you called Hasina and Hamid 🤣🤣 Im waiting for 8£/ share for my 3mio portfolio Can’t wait to receive my 24mio £ 🤣🤣 | silvstallone | |
21/4/2024 06:55 | Haha, does he keep trying to bury the article 888? Not surprised he doesn’t want others reading it 😂😂 | baxtea1 | |
21/4/2024 00:04 | From Searcher on lse: “ RULING PARTY AND ITS PRE-ELECTION PLEDGE FOR MINING DOMESTIC COAL This has Phulbari written all over it imo!!!!! Here are just some of the points from the article... “It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government” “Technical experts, economists, and analysts have long been suggesting the exploration and exploitation of superior-quality coal resources lying at mineable depths. Various studies have been conducted by local and international experts, justifying the proposals for mining coal and using it as the cheapest alternative to depleting natural gas. Even the present government in its past three terms pledged for mining coal. However, the required political decision in this regard has not been made.” “The technological and economic aspects heavily favor mining domestic coal.” “The need now is for the government to take the decision of mining or not mining coal. Nothing but domestic coal can ensure sustainable energy security for Bangladesh in the prevailing and emerging global geopolitical situation. Despite global movement for energy transition from fossil fuel to renewable energy coal is going to remain one of the major fuels over the next 30-40 years. Moreover, Bangladesh has no obligation to limit emissions as it has only a negligible carbon footprint of its own.” “The government paying through its nose realized that the increasing dependence on imported fuel through ignoring exploration and development was a major political mistake.” “Exploration of coal and gas should be a top priority national agenda. The government should not only make an immediate political decision to mine coal it must also reorganize the mining directorate of Petrobangla to champion coal mining.” “It is now expected that the government will make a decision to mine and set up at least 5,000MW mine-mouth coal power plants soon, yielding fruits by the end of the present term of the government” “A positive signal of the government will encourage investment. In the meantime, the government engaging competent mining experts can review all study reports for implementing mining strategy.” “However, the election agenda of the ruling party before the general election of 2024 included a government pledge to mine coal. Hope policymakers will produce convincing and authentic documents to the Prime Minister for her courageous decision. Local coal will delay the requirement for importing fuel from abroad. The government will have breathing space for exploring and developing offshore petroleum resources and logically expanding solar and wind power resources.” hxxps://ep-bd.com/vi | 888icb | |
20/4/2024 22:28 | Hasina and Hamid wont upset the local import lobbyists and the climate activists During their mandate by taking the wrong decision.. | silvstallone | |
20/4/2024 22:24 | Bangladesh's young climate activists demand revision of Energy Master Plan Want renewable energy-based plan High time to get rid of expensive technology, harmful fossil fuel use hxxps://www.dhakatri Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Tribune ReportTribune Report Publish : 20 Apr 2024, 11:00 AMUpdate : 20 Apr 2024, 11:00 AM Bangladeshi climate activists demand a revision of the Integrated Energy Power Master Plan (IEPMP) or integrated master plan for the electricity and energy sector so that a sustainable and climate-friendly renewable energy-based master plan is possible. Pause Unmute Remaining Time -9:59 Close PlayerUnibots.com They raised these demands at a rally held in front of the National Press Club in the capital on Friday. The banner-festoons held by them spell various slogans like the transformation of the energy sector, amendment of energy master plan, urgency of renewable-based power and harmonization of various energy policies, danger of detrimental effects of climate change, energy transition, climate finance and need for renewable electricity. The young climate activists called on the government to urgently revise the current master plan, highlighting the costly bogus solutions contained in the Energy Master Plan (IEPMP). Dr Khandaker Gholam Moazzem, director of research at the Centre for Policy Dialogue (CPD), a non-governmental policy-research organization, said in a message in solidarity with the youth's demands: “By prioritizing fossil fuels and false solutions like hydrogen and carbon capture in the current IEPMP, the government is hindering Bangladesh's energy transition and jeopardizing its environmental and economic future. To truly align with national renewable energy targets and accelerate our progress towards a sustainable future outlined in the Mujib Climate Prosperity Plan, it's imperative to revise the IEPMP. Removing barriers to renewable energy adoption is essential for a successful energy transition, and revising the IEPMP is the first step towards achieving this goal.â€� Young activists also called for an IEPMP to be in line with the Mujib Climate Prosperity Plan (MCPP) and other national policies to prioritize renewable energy. To ensure a sustainable energy future for generations to come, the revised IEPMP should prioritize achieving national renewable energy targets by including them, activists urged. As part of the Global Climate Strike, young students went on strike on Friday to ensure a liveable world and called on world leaders to be more vocal in tackling climate change. Youth Net for Climate Justice, a Bangladesh-based climate organization, â€�and Fridays for future-s Bangladesh Branch held this program at the press club in coordination with the “Global Climate Strikeâ€ᦙ Executive Coordinator of Youth Net for Climate Justice Sohanur Rahman said: “The Integrated Energy and Power Master Plan (IEPMP) must serve Bangladesh's interests, not those of others. The plan assigns a significant role to three new technologies – hydrogen, ammonia, and carbon capture and storage. Proven renewable technologies like solar and wind, however, are assigned smaller shares despite their recent growth. We young people reject false solutions and call for a shift towards an energy transition-focused master plan that prioritizes renewable energy sources and ensures a just transition for all.â€� Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Bangladeshi climate activists hold a rally in front of the National Press Club in Dhaka on Friday, April 19, 2024. Photo: Courtesy Greenhouse gas-emitting fuels like ammonia and hydrogen have also been included in the list of “clean for the environmentâ€& Climate activists also urged at the rally that developed countries should take effective action to ensure that multinationals do not invest in fossil fuels to limit global temperature increase to 1.5 degrees Celsius as per the Paris Agreement. And at the same time, renewable energy should be chosen as an alternative instead of falling for various unproven “false solutions†“Contin Friday's rally also called for quick compensation to affected and climate-vulnerable countries with money from developed countries who are responsible for most pollution to establish ''climate justice'' as promised at the COP conference. To do that, a sufficient fund should be built on a priority basis which would be followed by a quick withdrawal strategy so that money can be discharged without any delay. At the rally, the youth demanded an unconditional waiver of the financial debt of the countries of the "Global South" so that the poor and underdeveloped countries could put more effort into combating climate change. They also sharply criticized developed countries and multinational corporations for constantly making false promises about reducing carbon emissions. They uttered various details of the disastrous life that the citizens of affected countries like Bangladesh are living due to the effect of climate change. Not only storms, floods, and tidal waves, but also climate change is no less responsible for the terrible and deadly form of air pollution in big cities like Dhaka, they said. Speakers at the rally said, the world is going through a crucial time due to the catastrophic effects of climate change, which the United Nations has already declared a “red alert for global humanityâ€A From the rally, the youth urged Bangladesh to move away from high-cost energy imports and expensive technology-based policies to create a climate-friendly, renewable energy-based master plan and take effective steps to implement it. | silvstallone |
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