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Chart showing India’s 2024 energy imports from the Middle East, highlighting high exposure in natural gas, natural gas liquids and propane

India turns to coal as gas supply risks mount amid Gulf tensions

India coal demand is rising as gas supply disruptions and higher LNG costs force the country to rely more heavily on coal-fired power to meet surging electricity demand. As the backbone of the power system, coal is being called on to stabilise the grid, underlining its continued role during periods of energy market stress. India’s energy system is coming under […]

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Bar chart showing Scope 1, fugitive and Scope 2 emissions across mining and metals commodities in 2024, with thermal coal and metallurgical coal among the largest sources of coal emissions.

Coal emissions from mining dominate sector footprint as demand persists

Coal emissions remain one of the biggest drivers of greenhouse gas output in the mining and metals sector, with coal mining accounting for 23 per cent of sector Scope 1 and 2 emissions in 2024, largely due to methane released during extraction. Despite decarbonisation efforts, thermal coal demand is expected to rise in the short term before plateauing, underscoring coal’s […]

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EU ETS coal power generation and carbon pricing impact

EU ETS changes could reshape coal’s role in power generation

EU ETS coal dynamics highlight how carbon pricing continues to shape the competitiveness of coal-fired power in Europe. Policy changes affecting gas generation could accelerate coal’s decline across the power sector. EU ETS coal dynamics remain central to the future of power generation in Europe, with carbon pricing continuing to drive the competitiveness of coal-fired plants relative to gas. Modelling […]

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API2 Rotterdam Coal Futures chart showing April 2026 coal futures at 122.70–122.75, down week over week as global coal prices softened amid weaker gas prices and subdued demand.

Global coal prices soften in thermal markets as coking coal and petcoke stay firm

Global coal prices showed mixed movement this week, with thermal coal benchmarks under pressure as softer gas prices, cautious buying and ample inventories weighed on sentiment. At the same time, coking coal extended gains on gradual demand recovery, while petcoke prices surged on tighter prompt availability and firmer offers. Global coal prices were mixed over the week, with weakness across […]

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