The energy shock brings coal back into fashion
WhatThe global energy crisis has led to a resurgence in coal consumption, driven by a shortage of liquefied natural gas (LNG) and rising demand for electricity.
WhyThe shift towards coal is largely attributed to its relatively low cost and abundance, making it a more attractive option for energy-hungry countries and industries.
SignalThis trend signals a potential shift in the global energy landscape, with coal regaining its position as a major player in the market, at least in the short term.
TargetGovernments and energy companies are likely to focus on increasing coal production and trade, potentially leading to an expansion of coal-fired power plants and increased mining activities.
RiskHowever, the rebound of coal also raises concerns about environmental and health impacts, as coal-fired power plants are major contributors to greenhouse gas emissions and air pollution.