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
- 14 March 2026
00:00 US Commerce Department SIMA data shows steel import permits rose 5.2 percent in February. - 13 March 2026
23:00 Grupo SIMEC reports net profit fell 85 percent from 2024 to 2025 20:00 Exports of wire rod from Brazil fell sharply in February despite rising imports, SECEX reports 18:00 Economists oppose €2 billion Dutch government bailout for Tata Steel Nederland 18:00 YUNESID: Steel production in Spain decreased by 24 percent in January 2026 17:00 Shipments of CR steel strips in Japan rose 7.2 percent in January 2026 compared to December 17:00 Ioannis Manessis becomes Chairman of IREPAS News 16:00 SOGAD: Turkey's orders for CR-steel and coated steel from South Korea and China are an important but insufficient step
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