The increase in the cost, which could reach 55 euros per ton, will be due to the fact that agreements to reduce emissions to avoid climate change, such as the Paris Agreement, in force since 2016, will mean that the coal production process will not be profitable
Mark Lewis, member of Carbon Tracker, financial specialists that make climate risk visible in financial markets, said in the report that coal will not be able to adhere to the objective of limiting annual warming below 2 degrees centigrade, but He pointed out that this type of energy has an important role to play.
“Coal has an important weight in the limited amount of carbon dioxide that can be stored in the atmosphere. The space left in it for concentrations of greenhouse gases must have a price commensurate with that,” he added.
More pollution, more price
This means that the more you try to reduce emissions of gases into the atmosphere, the higher the cost of contaminating fuels will be to avoid, through the price, that they continue to be used. This increase in prices will cause countries such as Spain, Germany, Italy and the Netherlands to stop using coal to use gas.
The high prices of this energy source will also accelerate the development of energy storage systems. The analysis indicated that the ton of coal can reach 15 euros per ton for the second half of 2018, twenty euros in 2019 and between 25 and 30 euros for 2020 and 2021.