Germany Slowly Reducing Coal Dependence

Bloomberg reported that high-carbon brown coal is still Germany’s main source of energy despite 20% of its energy coming from renewables.

As quoted in the market news:

Brown coal is an old part of Europe’s energy mix, and it’s not exactly fleeing the portfolio — not in the short term. Also known as lignite, brown coal is abundant, accessible, and burns in traditional power plants that operate for decades.

Click here to read the full Bloomberg report.