Coal Threatens a Comeback as the EU Pulls Away From Russian Oil

But experts believe the short term will be more complicated and could spark a resurgence of fossil fuels. In the first week of March, power plants in Europe burned 51 percent more coal than a year earlier, according to data from research institute Fraunhofer ISE. The world’s biggest private coal producer, Peabody Energy, posted record results in February, reaching net earnings of $513 million in the final three months of 2021, up from a loss of $129 million a year before. In Europe last year, coal power registered its first…

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