How Permanent Is The Coal Industry’s Bounce Back?

Only recently written off as a sector in terminal decline, coal is raking in record profits. A perfect storm of factors stemming from the long arm of Covid-19, natural disasters affecting energy production, and the war in Ukraine turned energy war between Russia and the European Union provided a window for a coal renaissance that few could have predicted.

Now, as markets stabilize and coal prices calm, the question is whether this surge was just a fluke in what will continue to be a downward trend for coal, or if it shows that the world’s…