- June 15, 2019
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U.S. coal is the only place the industry is under fire. Cheaper renewables are choking coal in the European energy markets as well. By 2030 Germany looks to be the only major market in Northern, Western and Southern Europe that will still be burning coal, said Peter Osbaldstone, research director for Europe at Wood Mackenzie Power & Renewables. Across most of Europe, coal’s demise is on the rise. Will low gas prices and cheaper renewables continue to speed up coal closures on a global scale?