Coal’s Four-Year Lows Hide a Coming Global Supply SqueezeAustralian thermal coal contracts, the benchmark for Asia, are hovering close to $100 a ton thanks to a mild winter and global oversupply, a price level last seen in May 2021, before the energy-market upheaval that followed Russia’s invasion of Ukraine. While that is battering producers and will cheer those predicting the end of the dirtiest fossil fuel, it’s a trough that may not last.
Investment in new production has dwindled in much of the world as shareholders and banks increasingly refuse to approve new spending on projects. Demand, however, continues to rise in India and China, outpacing breakneck rates of expansion in solar and wind, while even developed countries look to coal to help power the artificial intelligence boom.
https://www.energyconnects.com/news/uti ... y-squeeze/A good article with very little Woke anti-coal sentiment. The Asians are not stupid, they know where there rice bowl is filled. Let the West go bankrupt on hight rebuildable energy prices, they will cleanup.
The demise of coal, as it turns out, is a lot of gasThe global pipeline of coal projects shrank dramatically in recent years – but now coal is making a comeback in Asia, threatening climate goals. A litany of research and analysis... the Paris Agreement... An assessment model exploring the implications of the 2C temperature limit... Despite all of this, coal is rising again today, driven by demand growth and operating capacity increases in developing and emerging economies. Global coal use and capacity rebounded in 2022 and grew to an all-time high in 2023. Total global capacity in pre-construction also increased by 6% in 2023.
The energy crisis caused by the war in Ukraine triggered a buying frenzy for coal and gas, driving prices to record levels. Asian countries increased coal production to secure energy supply. Some European countries brought mothballed coal-burning power plants back online or removed caps on production at coal-fired plants. No wonder fossil fuels still dominated global energy demand in 2022, with coal holding 35% of the share in the power sector...
https://www.climatechangenews.com/2024/ ... ot-of-gas/The TV tells us coal is dead, not so not so. And certainly not in Asia where the bulk of the world's population lives. Global warming, real or not in your mind, matters not one iota. It's a case of lights on or lights off now.
We're 17 years past the peak now and the 3rd World is going hungry and dark. We'll be next, we're well on the way in fact.
