Comment on Europe sleepwalked into yet another energy crisisComments−mono4425moIf they stuck with coal for producing electricity, it wouldn't such a huge problem.−wcoenen5moThe coal price has a tendency to spike during an energy crisis. The market is more volatile than crude oil. For example, check what happened in 2022.https://tradingeconomics.com/commodity/coal−mono4425moThe price of the coal actually doesn't matter much since the european union emissions trading system heavily penalizes burning it.
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If they stuck with coal for producing electricity, it wouldn't such a huge problem.
The coal price has a tendency to spike during an energy crisis. The market is more volatile than crude oil. For example, check what happened in 2022.
https://tradingeconomics.com/commodity/coal
The price of the coal actually doesn't matter much since the european union emissions trading system heavily penalizes burning it.