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This paper provides some context for President Trump’s decision to withdraw from the Paris Agreement and shift toward prioritizing American energy independence, technological development, and economic growth over restrictive international climate commitments. Despite commitments by many countries to reduce greenhouse gas (GHG) emissions, global thermal coal use grew to an estimated all-time high of 8.4 billion tons in 2024,2 driven […]
The thermal coal market in Asia remains bearish as persistent oversupply and weakening demand continue to weigh on prices. Sellers are facing increasing pressure to offload spot cargoes at discounted rates, leading to a downward price trend. Despite falling freight rates, the lack of strong buying interest—especially from key consumers like China and India—has further exacerbated the situation. Market participants […]
Europe is poised for a demand rebound as it advances its decarbonization goals. Rystad Energy predicts this will lead to an 84% increase in yearly net European power demand between 2024 and 2050, a total of more than 2500 terawatt-hours (TWh). What role will coal play in the European power generation market in that timeframe? According to Rystad Energy’s view, […]
With 1.2 GW of new coal capacity currently under construction, Japan is the only G7 nation still planning to construct new coal-fired plants, a move that contrasts sharply with the 2022 G7 pledge to achieve ‘fully or predominantly’ decarbonized electricity sectors by 2035 Japan remains heavily dependent on fossil fuels, with over 60 per cent of its electricity generation in […]
In Europe, cold weather and lower wind generation over the first half of February is causing natural gas prices to...
According to preliminary data, Russian coal exports to India in 2024 marginally increased to 27.0 mio t (+0.4 mio t...
Over the past week, European thermal coal indices fell below 105 USD/t, pressured by weak demand and rising renewable generation....
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