Coal-fired power as a security backstop in Europe’s grid
December 16, 2025
Coal prices reached record levels in 2022, with European prices averaging $294/tonne and the Japan CIF spot price averaging $225/tonne (increases of 145% and 45% over 2021 respectively). Coal consumption continued to increase, rising 0.6% in 2021 to 161 EJ; the highest level of coal consumption since 2014. The growth in demand was largely driven by China (1%) and India […]
