Chinese Push for Clean Energy Forces European Coal to Record Low

Bloomberg reported that European coal for 2014  tumbled to a record low as Chinese demand came under question under their new environmental measures.

As quoted in the market report:

China’s push to improve air quality may mean it reduces coal consumption for power, changes transport policies and boosts clean energy investment, Michael Hsueh, a Deutsche Bank analyst in London, said in an e-mailed note. That may cut coal imports to 52 million metric tons in 2014 from 174 million tons last year. China may export a net 43 million tons in 2015.

To view the whole Bloomberg report, click here.