How High Can the Price of Coal Still Go?
Ideally, we should be moving away from using coal to generate energy in exchange for cleaner, more renewable sources of energy. However, recent events have led to a significant increase in the demand for coal and caused an unprecedented increase in coal prices around the world. Even though the Russia-Ukraine war has definitely contributed to the increased coal demand, coal prices were on the rise before Russia invaded Ukraine. For example, back in 2020 when the world was right in the thick of the COVID-19 pandemic, Australia called for investigations into the origins of the virus. In retaliation, China banned…