US shale oil supply shock shifts global power balance

Started May 14, 2013 | Discussions thread
OP yanisha Senior Member • Posts: 1,474
Green turns black as Europe burns up cheap U.S. coal

Green turns black as Europe burns up cheap U.S. coal
America goes clean in gas boom as lignite is fired up across pond

Green-friendly Europe has a dirty secret: It is burning a lot more coal.  Europe‚Äôs use of the fossil fuel spiked last year after a long decline, powered by a surge of cheap U.S. coal on global markets and by the unintended consequences of ambitious climate policies that capped emissions and reduced reliance on nuclear energy.

The new dependence on one of the dirtiest fuels shows just how challenging it is to maintain the momentum needed to go green, analysts and officials say, and demonstrates the far-reaching effects of America’s natural gas boom.

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