EU ban on Russian coal may lift prices of natural gas and electricity outside of Europe. China’s demand for thermal coal is rising amid a push for energy security. The EU will scramble to procure the fuel from exporters such as South Africa, Colombia, the U.S. and Australia Europe’s planned ban on imports of Russian coal is set to further tighten an already tight global coal market and create a domino effect on the prices of coal, natural gas, and electricity not only in Europe but also in other regional markets. Coal markets globally were already tight even before the Russian invasion of Ukraine as the energy crisis and natural gas shortage in Europe and Asia in the autumn of 2021 pushed up the use and price of coal. The two major coal-consuming countries in Asia—China and India— were scrambling to procure enough of the dirtiest fossil fuel as […]