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
- 11 May 2026
20:00 Increase in the number of drilling rigs in the USA and Canada - Week 19 2026 19:00 Auto production in Brazil fell 9.5 percent in April compared to March 18:00 Ukraine reports a 0.3% decline in pig iron production for January-April 2026 18:00 Turkish company Kardemir reports net profit for the first quarter of 2026 17:00 India's SMEL expects consolidated net profit to grow by 46% in the fourth quarter of fiscal year 2025-2026 17:00 Scrap metal exports from the United States increased by 62.7 percent in March 2026 compared to February 16:00 US steel imports in March 2026 increased by 5.3% compared to February 16:00 Assofermet: The Italian scrap metal market ends April with growth, May still depends on the availability and prices of electricity
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