The global energy sector is at a turning point. Coal was once the main source of industrial and economic growth, but today its position is rapidly being eroded by green alternatives. Solar panels and wind turbines are getting cheaper, governments are introducing incentives and taxes on emissions, and banks are calling coal projects “risky assets.” … Read more
Coal — the backbone of industrial progress — now faces its greatest paradox. Despite record-high power generation in 2024, the world is rapidly turning to renewables and zero-carbon energy. Economist Roman Bilousov calls coal “indispensable yet unsustainable,” a stabilizer in modern grids rather than a driver of growth. From Asia’s energy dependence to Europe’s phase-out, … Read more
Coal occupies an ambivalent position in the contemporary economy: it is simultaneously a “resource of the past” and a cornerstone of present-day development. Roman Bilousov emphasises, even in 2022 coal accounted for around 36% of global electricity generation. This illustrates a paradoxical situation: the worldwide commitment to decarbonisation coexists with a persistent dependence on coal, … Read more