Steve Hulton News Today

Months after Cop26, prospect of Russia cutting off gas supplies forces a rethink

In Germany and Italy, coal-fired power plants that were once decommissioned are now being considered for a second life.

(Bloomberg) — In Germany and Italy, coal-fired power plants that were once decommissioned are now being considered for a second life. In South Africa, more…

Coal is making a comeback as the global energy crisis starts to bite, and bitcoin miners are profiting from its use.

Demand had already been on the rise since last year amid a natural gas shortage and as electricity use surged after pandemic restrictions were rolled back.

Coal demand began surging in 2021 as gas prices rose, an effect intensified by the Russian invasion of Ukraine.

Coal prices in India have jumped in local auctions after buyers race to procure local fuel amid the market panic that started with the Russian invasion of Ukraine

Fossil fuels have returned to the spotlight on growing fears that Russia’s invasion of Ukraine could send global supply chains into chaos

The Russian invasion of Ukraine has had an impact on many commodities from oil to wheat, but the ripple effect may be the most substantial for the coal industry based on the surging price and how energy security concerns around the globe could provide a new lease on life for the least-liked fossil fuel.

Europe's scramble for energy is sending coal prices up,