By 2030, 97 percent of businesses will have negative cash flow as the European Commission plans to end so-called “to coal” payments by the middle of the next decade and battery technology will improve to provide more power needed during peak hours.
“Coal will be put in a death spiral, and asset owners will have nothing to do but the lobby and hope the government will bail them out,” said Matthew Gray, senior analyst at Carbon Tracker in London.
In Germany, where incumbent Chancellor Angela Merkel is under pressure to reduce pollution from the energy sector, a coal phase-out would cost € 12 billion for utilities, according to the analysis.
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Metallurgy news
- 01 July 2025
20:00 In the western part of Australia, an iron ore deposit was opened with a volume of 55 billion tons and the cost of stocks of 6 trillion 13:00 The volume of gold production in Russia in May decreased by 0.4% compared to April and 8% VS 2024 13:00 Blitz with Islam Abdurahmanov 12:00 Severstal supported the exhibition of contemporaries of the Great Bruegel in the Plane named after A.S. Pushkin 10:16 The EU gradually departs from US trade with Canada against the backdrop of Trump's power tactics 08:00 One of the largest metallurgical plants in Russia was transferred for a part of financial problems - 30 June 2025
18:00 In 2025, China, the world leader in the production of alumina, increased its export to Russia by 16% to the level of 2024. In May, Russia purchased a record 183 thousand 12:00 Evraz received the OFSI license to sell the North American business
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