UK’s power switch-off shows future for cleaner energy grid

The EU depends on Russia for around 45% of its coal imports.

Greece, which covers about 40% of its annual needs with Russian gas, looks into scaling up coal-fired capacity under a contingency plan.

The proposed transaction, the company said, is a step to transform Silver Elephant to a pure silver mining and exploration company by monetizing non-core assets.

In the US, the number of producing coal mines slumped more than 60% from 2008 through 2020.

The European Commission is also expected to propose banning most Russian trucks and ships from entering the bloc.

Prices for coal from Central Appalachia surged 9% to $106.15 a ton last week, the highest since late 2008.

Electricity producers have announced plans to shutter 99.2 gigawatts of coal plants through 2030, IEEFA said in a report.

Poland signaled that it wants to use coal to produce electricity after 2049 to bolster its energy security.

Resource export earnings are forecast to climb 33% in the 2021–22 financial year from a record A$320 billion the previous year.