The global coal market is witnessing a significant shift towards Asia and BRICS, particularly driven by China and India’s ambitions for economic growth. While Western nations seek ways to move away from fossil fuels, coal still plays a significant role, accounting for 16% of the EU’s electricity generation in 2022. Coal helps keep the lights on, stepping up when other energy sources cannot meet demand, such as gas, wind, nuclear, hydro, and solar, especially during shortages. Germany and Poland demonstrate the significance of coal and lignite plants, particularly as Germany phased out nuclear power and Poland heavily relies on combined heat and power. Coal provides affordable heating for industries and homes, especially during harsh winters. Meanwhile, China and India prioritise energy security and diversification, cementing coal’s role in their energy portfolios.
