Coal Industry News

Coal is one of the world's most important and largest sources of energy, fuelling almost 40% of electricity worldwide. In many countries this figure is much higher: Poland relies on coal for over 94% of its electricity; South Africa for 92%; China for 77%; and Australia for 76%. Coal is abundant but finite. Generating electricity using coal is currently relatively inexpensive, but the cost is affected by world coal prices, which may increase in the future, as a result of increasing global demand and as resources deplete.

Coal has been the world's fastest growing energy source in recent years – faster than gas, oil, nuclear, hydro and renewables. Coal plays a vital role in power generation and this role is set to continue and remain at similar levels over the next 30 years.

Straining to hold back tears, their once-white helmets and overalls smeared with dust, seven miners in Germany stepped out of a metal cage Friday bearing the last piece of black coal hauled up from 1,000 meters (3,280 feet) below.

As Donald Trump’s administration continues to try to happen despite it being increasingly expensive and a serious tax on the environment, a new report claims that more than 40 percent of the world’s coal power plants are actually operating at a loss. It’s a figure that will only climb with increased regulation and carbon pricing as well as increasingly cheaper renewables like wind and solar power.

China's use of dirty coal has dropped 40 percent from 2012-2017, Wood Mackenzie said. That's due to government efforts to clean up air pollution. Factories using inefficient boilers will likely switch to bigger, cleaner ones, rather than using more expensive gas.

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