Working Paper No. 63
Working Paper No. 63
Cooperation in the energy sector is one of the most important facets of Russian foreign policy. Interaction in this area helps to develop mutually beneficial trade relations and ensure the energy security of Russia and its partners. Energy cooperation between Russia and ...
... not the time for surged coal consumption and coal prices—yet, in 2021, coal futures and spot prices increased severalfold in China, with coal prices generally growing on the global market and amid high demand and falling supplies. Back in June 2021, energy coal futures were traded at approximately CNY 800 per ton; on October 19, the price reached a record high of
CNY 1982 per ton
. Coal mining companies are believed to have the capacity to fully cover their costs and make profits at prices of CNY 450–650 ...
... than natural gas, even with these added costs. The relatively simple combination of weak power generation from renewable energy sources and the insufficient supply of natural gas may well have brought the two most unpopular segments of the European energy sector—nuclear and coal—to the fore.
Graph 2
. Average Monthly Electricity Cost in Europe (EUR/MWh).
Source:
Thomson Reuters
As we look ahead, it is worth noting that electricity prices would likely decline in the end, at least when the situation with wind energy is ...
... with most western countries trying to lay the foundations for an emissions-free energy future and thus giving up the fuel. The developing world cannot afford to adopt such a principled position, but will get there sooner or later, gradually replacing coal will other energy sources.
Not only does the transition of European thermal power plants from coal to gas reduce emissions, it also saves money. The fate of coal in the West appears to have been sealed for good.
Although coal has been used in Russia for centuries,...