The coal industry is collapsing
The coal industry is collapsing
www.forbes.com
Russia’s Coal Collapse Marks The End Of Fossil Fuel Post-War Illusion
cross-posted from: https://piefed.social/c/climate/p/1393070/the-coal-industry-is-collapsing
14 comments
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This article is specifically about russia's coal industry, which is currently operating at a loss. It seems that it is only operating to create at least some foreign income, but a significant number of companies went bankrupt.
Globally, the usage of coal is expected to peak in the next few years. Some countries still rely quite a lot on coal, far more than what we in europe can imagine.
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The article is specifically about Russia's coal industry [...]
No, it is not only about Russian coal. If you read on, a few paragraphs later you find:
A Parallel Story: U.S. Coal Auctions Without Buyers
Russia’s implosion is mirrored — though for different reasons — in the United States, where the fossil sector is facing structural decline not from sanctions, but from market irrelevance.
In October 2025, a federal coal lease auction in Montana attracted just one bid: $186,000 for 167 million tons of coal — roughly $0.001 per ton, a 99.9 percent collapse in value versus a similar 2012 sale at $1.10 per ton. The Department of the Interior then postponed additional auctions in Wyoming and Utah, citing “market conditions.” Analysts read the signal plainly: the market has priced coal out of future portfolios.
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The linked Wiki page starts:
Use of coal is expected to peak in 2025.[1]
I guess the details are more complex. And I have seen the Ember report that showed that now USA out of fuck knows what reason increases coal even at the cost of gas.
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I was referring to this sentence:
In 2024 the International Energy Agency said: “After having grown by more than 1.2 billion tonnes since 2020, global coal demand is set to plateau in the next three years, reaching around 8.87 billion tonnes by 2027.
We probably can determine the peak only in hindsight, but based on China's expansion of renewable energy alone, the age of needing 8 billion tonnes and more is probably over somewhere soon.
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Hurray!
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:)
14 comments
The original title is,
Coal is dead, gas is not. It will be the resilient goddamn cockroach running along the floor because some clown with the keys to the European Parliament will always yell that we need base load coverage capacity in fossils.
Then we'll import it at a stupid price from one genocidal maniac or the other and be told to be happy we are paying 8x the cost of pretty much any other modern production method. Worst part is, it's just as dirty as coal when it comes shipped in.
This is a story about the coal industry in Russia.
Nah, it natural gas will become too expensive at some point too.
But it's competing with batteries, not PV panels. So it will take a longer time ti get there.
So we need more Ukrainean special operations ... /s