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Market Impact: 0.48
High European gas prices push power producers back to coal
Source: reuters.com
Energy Markets & PricesCommodities & Raw MaterialsRenewable Energy TransitionESG & Climate Policy
European utilities are shifting back to coal as soaring natural-gas prices make gas-fired generation less competitive. Analysts expect coal power output to rise about 25% over the next six months, offsetting a similar decline in gas generation. The fuel-switching trend supports coal demand but worsens emissions and creates a setback for Europe’s energy-transition goals.
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