Is There A Future For Coal?

Today the world is talking about renewables, hydrogen, green life, etc. But I will raise a question, which is not in the same trend.

Is there a Future for Coal?

Today, as the direct consequences of the Russia - Ukraine war , we can see two major crises :

1. Food crisis resulting from stopping the export of grains from Russia and Ukraine

Together, Russia and Ukraine export represent nearly one-third of the world's wheat and barley, more than 70% of its sunflower oil and are prominent suppliers of corn. Russia is the top global fertilizer producer.

2. Energy Crisis resulting from the sanctions imposed by the US and EU on oil and gas exports from Russia resulted in the challenges in oil and gas supply, especially to Europe.

Let's look at Russia's energy exports before the Russian-Ukraine war.

Oil

Russia has been supplying about a quarter of the oil EU countries import. That is about 2.2 million barrels per day of crude oil and 1.2 million barrels of oil products. According to the Carnegie Endowment, a US think tank; this has been earning Russia more than $1bn (£800m) a day.

The below chart shows the distribution of oil imports…