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Europe: Higher prices of natural gas increase demand for coal
Due to higher prices of natural gas, Europe imports of coal from the U.S. have nearly doubled. U.S. coal exports have beaten a new record and reached 66.2 million tons, increasing by about 24% in the first six months of this year. More than half of the U.S. coal exports were directed to Europe.
read more... 05/10/2012
Germany: Coal consumption to grow
Following the Fukushima nuclear disaster, Germany decided to phase-out nuclear power by 2022. As a result, this decision has created a loss of about 12.7 GW, and despite many investments in the renewable energy sector, the gap should be filled with coal and gas, to ensure the country's energy future.
read more... 02/10/2012
Finland could be the first European country to phase out coal by 2025
The Economy Minister of Finland, Jyri Haekaemies announced that Finland could phase out coal use in power by 2025, being the first country in the EU to stop using coal in energy production. Instead, the country will focus on investing in renewable energies. According to Haekaemies, the use of renewable energies will be encouraged by government subsidies and taxes.
read more... 01/10/2012
Coal power is set to increase in the next 4 years to come
In the next 4 years to come, coal power production is set to increase considerably as at the moment it is the most profitable source of energy in Europe. According to UBS AG, power producers from EON AG to RWE AG (RWE) will open six times more coal-burning plants than gas-fed units by 2015.
read more... 24/09/2012
Coal consumption in Germany is steadily increasing
Following the decision of the German Chancellor Angela Merkel to phase out nuclear energy and switch to cleaner energy generation, coal consumption has been steadily increasing. A 2,200 MW lignite-fired power plant, near Cologne, started its activity last week as part of the country’s energy policy.
read more... 20/08/2012