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Maximum coal burn to continue in Europe, says Merrill Lynch
2014-03-20 21:29:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: Coal prices will fall this year, Bank of America Merrill Lynch said in a global research report on Thursday, citing ramped up supply from Colombia and weak Chinese demand. Lower global coal prices would consolidate the superior profit margins for European power generators burning coal instead of natural gas. That in turn will add upward pressure on carbon emissions. Disruption of gas supplies from Ukraine in the recent crisis would not European drive demand for coal, because of superior...
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Category:Electronics and Electrical