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

... 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... ... seem to be a temporary surge doomed to crash, the annual average Rotterdam Coal Futures for 2022 (also called API2) fluctuates in the range of $130–140/t. We can thus... ... unprecedented level of EUR61–62/t as well as coal, the latter is still more profitable 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...