Coal news and updates

Few thought this would ever happen. In fact, if you plot a chart of coal demand in the UK for the period 1860 till 2020, the image tells you more than words can.

 

Coal, the world over is seeing dark days like seldom before. It has been hit by three factors. First the expected down-swing that takes place with most cyclical growth commodities.

 

Second, it has been ravaged by falling gas, then oil, prices. The falling tariffs of, and increasing investments in, solar power are likely to ensure that the demand for coal does not grow strong once again. Most incremental power generation capacities are in renewables, or even nuclear power.

Source: Free Press Journal