“We're in the middle of an experiment, and for Europe a decision has been made that we'll switch from coal to gas,” Ricketts says. “The coal industry recognises that. The coal industry is on its way out in Europe,” he says.
This is backed up by a report this week that output from Europe's coal-fired power stations fell by almost a quarter year-on-year in 2019, although only half of this was down to a switch to gas, with the rest replaced chiefly by wind and solar.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.