People also ask
Is there a future for coal in the US?
In a recent article in The Regional Economist, Regional Economist Charles Gascon and Senior Research Associate Jonas Crews took a deeper look at the future of coal production as a source for both electricity and jobs in the U.S.
What will happen to coal prices in Q4 2021?
Panelists polled by FocusEconomics expect thermal coal prices to average US$62.60 per metric ton in Q4 2021 and US$63.80 in Q4 2022. Meanwhile, Australian coking coal prices remained under pressure from import restrictions in China, despite a pickup in demand from India.
Are the economics of maintaining coal-fired power plants getting worse?
At the same time, the economics of maintaining coal plants look increasingly dubious. Over half of Europe鈥檚 coal-fired power stations are now loss-making, and almost all will be by 2030, according the NGO, Carbon Tracker. Delays in closing this capacity could result in 鈧?2 billion in losses across Europe, and 鈧?2 billion in Germany alone, to 2030.
What does the future hold for coal mining in Russia?
The document states that by 2035, Russia aims to increase workforce productivity in coal mining by 3-4 times; continue to develop existing coal mining companies and create new coal production hubs in Russia鈥檚 eastern regions; and begin production at new Arctic coal fields.