A Renaissance of Fossil Fuels: Consequences of Europe’s Energy Market Panic

... commodity fell sharply in 2020, many had written coal off, but it is enjoying renewed interest in countries that have traditionally been able to switch from one hydrocarbon feedstock to another (Germany is precisely such a state in Europe). Therefore, coal imports to Europe in August 2021 returned to pre-pandemic levels (meaning the levels of Autumn 2019, some 12 million tons per month) and continued to grow later in September. This growing demand drove up the prices, seeing them double over mere four months to reach ...