Climate pledges abandoned as Putin sparks global coal crunch

NNA - It has been a striking reversal of commitments. Just seven months ago world leaders convened in Glasgow and decided to “phase-down” coal, marking a landmark agreement in the push to tackle climate change. Now, officials and power company bosses are grappling with the opposite challenge: where can they get more of it?

Countries from the UK to China and the Netherlands are scrambling for supplies of the fossil fuel to help keep the lights on this winter as Russia’s war on Ukraine tightens the squeeze on global energy markets. For the first time, the prospect of Russian gas to Europe being cut off is being taken seriously.

Yet after years of being told to shut mines in favour of more environmentally friendly energy sources, coal is in short supply globally.

Coal prices in Europe hit an all-time high of $430 (£350) per tonne in May, about four times higher than long term averages. There is little sign of cooling, with Russian imports set to be choked off by sanctions and rival exporters beset by their own challenges. --- The Telegraph 









تابعوا أخبار الوكالة الوطنية للاعلام عبر أثير إذاعة لبنان على الموجات 98.5 و98.1 و96.2 FM

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