Russia’s War Has Sparked A Coal Renaissance

Despite lots of talk about renewable energy acceleration, coal continues to dominate some markets. China is steadily increasing its coal output, while Indonesia looks to export to new European buyers. And while lots of countries are imposing sanctions on Russian coal, India is now backing up its cheap Russian oil imports with low-cost coal.  China’s daily output of coal continues to rise, seeing a 15 percent increase in production in March from the same period last year. This equated to approximately 395.79 million tonnes, or 12.77 million…