Green Policies Return the World to Coal

Despite an import ban on Australian coal, China relented and has begun unloading Australian coal because of an extreme power crunch.

The switching ratio has slid in coal's favour in the last weeks of June 2021 and judging by the current futures structure, it will stay in place until at least Q2-2022 [snip] Given the natural limitations to further coal utilization, in Germany the main interaction in the upcoming weeks will be between coal and wind.

The current coal demand surge should force the European Union to reconsider its position on coal - as polluting as it might be, it could still help alleviate energy crunches across Europe when the situation demands it.

Worldwide fuel shortages and rising costs aren't the only concerns this winter, and they aren't the only concerns of China, whose aggressive air flights near Taiwan and marine actions in the South China Sea have unnerved many.

The situation at the top of China and the U.S. makes these aggressions very fraught with danger to the world.

While the EU's strategic compass is still being drawn up, one thing is clear: In facing off against Beijing, Lithuania - population 2.8 million - has pushed the subject of Taiwan and relations with China more prominently onto the EU's agenda in a way that leaders in Beijing and many European capitals have been avoiding for years.

Watching Biden on energy policies and relations with China, Biden is a unifier, "We all think he's nuts."

https://www.americanthinker.com/articles/2021/10/green_policies_return_the_world_to_coal.html