A perfect storm of freezing temperatures and a supply-led gas price rally has stoked thermal coal demand, with prices at multi-year highs, reminding power suppliers and consumers that its appeal won't fade in a straight line.
Northeast Asia has been hit by a midwinter energy crisis as an extended period of much lower than normal temperatures across the region has strained supplies of coal, gas and electricity to breaking point.
The Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
Green electrification drive over next 10 years critical to the world's largest emitter decarbonising its power grid by mid-century, according to new analysis from Energy Transitions Commission and Rocky Mountain Institute
Green electrification drive over next 10 years critical to the world's largest emitter decarbonising its power grid by mid-century, according to new analysis from Energy Transitions Commission and Rocky Mountain Institute