EU gives Poland €3.85Bln to soften impact of coal mine closures for transition to LNG and renewables
The European Commission is paying Poland €3.85 billion ($4.04Bln) to support the initial aftermath of the shutdown of coal mines in five Polish regions as the nation increases LNG and pipeline natural gas imports as well as developming renewable energy sources.
Coal use resists LNG
Dec 21 (LNGJ) - Switching from coal-fired power to LNG and gas-fired electricity generation will be slower in 2021 as coal demand is likely to rebound in the coming year, according to the latest coal industry report from the Paris-based International Energy Agency.
“A global economic recovery in 2021 is expected to drive a short-lived rebound in coal demand following the major drop this year triggered by the Covid-19 crisis,” said the IEA. “However, there is little sign that the world’s coal consumption is set to decline substantially in the coming years unless new government policies are introduced, with rising demand in some Asian economies offsetting declines elsewhere,” stated the IEA.
