Europe Looks to Coal as Threats to Energy Security Rise

Oilprice.com wrote on Sunday that the recent crisis in Ukraine has Europe considering coal as a way to improve its energy security. Although many European countries have vowed to cut greenhouse gas emissions, renewable sources have not yet reached a point where they can reasonably compete with coal to meet Europe’s energy needs, according to the publication.

As quoted in the market news:

While Europe’s dependence on Russian gas has been on the decline for years, it is obviously not free of Russia’s grip just yet. The standoff over Crimea, and now the eastern provinces of Ukraine, has Europe looking for alternatives. Ukraine is at the crossroads for a significant portion of European energy flows – Europe gets 16 percent of its natural gas from pipelines that pass through Ukraine.

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