EU turns to coal, drives up prices

The Brussels Times

Belgium, (Brussels Morning Newspaper) EU member states are turning to coal in an effort to rein in energy prices, which is driving up price of coal.

As bloc members stop importing Russian natural gas and coal, they are looking for alternatives to plug the holes in their respective energy mixes, according to Reuters reporting on Tuesday.

Coal buyers from Europe and beyond are competing for coal from remote places including Botswana, Tanzania and potentially Madagascar.

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