Coal Is Making A Comeback In Europe As Gas Prices Explode

The International Energy Agency’s Global Energy Review 2021 found that worldwide use of coal fell by 4% in 2020 – the biggest drop since World War 2.

However, now there appeared to be a worrying trend.

The International Energy Agency (IEA) rebounding global economy is predicted to reverse this fall, with 4.5% increase in demand over 2019 levels.

They said “The rapid increase in coal-fired generation in Asia sees it account for three-quarters of the rebound in 2021.

“Gas prices are also expected to rise in 2021, leading to some switching back to coal, notably in the United States and the EU.”

Alexander Novak told the Guardian that Russia will “not see that we will achieve a peak in [gas] production anytime soon” because the world’s appetite for gas would continue to grow in the decades ahead despite its growing number of climate targets.”

This could keep the EU in hot water.

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Source : https://www.express.co.uk/news/science/1523256/eu-news-russia-energy-coal-burning-germany-putin-cop26-climate-change

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