Despite the growing climate crisis, more and more coal is being burned globally

The sanctions against Russian energy have created an acute shortage of oil and natural gas.

And now coal is increasingly replacing Russian energy in Europe.

Germany, Austria, France, Greece, the Netherlands, Bulgaria and Italy are now starting closed coal-fired power plants.

After recurring power outages last year, China is also opening more and more coal mines.

And in India, the focus continues on electrifying the countryside, an electrification that comes mainly from coal-fired power plants.

Demand for electricity in the United States is rising sharply due to rising temperatures that require more air conditioning.

And with increased demand, the risk of power outages increases.

Therefore, coal power production is now increasing in the United States as well.

Record high prices

And the price of coal has reached record highs.

In May, $ 400 was paid for a ton of coal in Australia.

The shares in the world's coal companies are some of the few stock market winners in an otherwise gloomy global stock market.

Analysts still believe that the demand for coal is short-lived, a result of the acute lack of energy after the sanctions against Russia.

On the other hand, climate researchers and energy experts warn that more and more countries are now signing 20-year contracts for deliveries of natural gas.

The consequence is that more and more countries are building on natural gas, which is also driving climate change.