10,743.20 TRY BIST 100 BIST 100
46.46 EUR EUR EUR
40.59 USD USD USD
5.67 CNY CNY CNY
0.12 CNY CNY/EUR CNY/EUR
40.29 TRY Interest Interest
71.84 USD Fossil Oil Fossil Oil
47.99 USD Silver Silver
4.42 USD Copper Copper
99.86 USD Iron Ore Iron Ore
332.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,309.48 TRY Gold (gr) Gold (gr)

The U.S. plans to revive the coal sector

U.S. president Donald Trump announced that he aims to revive the coal industry by implementing new measures to increase coal production in the country. However, experts warn that these steps could lead to an environmental disaster and negatively impact the U.S. economy.

The U.S. plans to revive the coal sector

In a statement this week, Trump signed executive orders to loosen environmental regulations for coal-fired power plants and revive the "clean coal" industry. He also reiterated that the U.S. would continue to support the coal sector, recalling that he withdrew from the Paris Agreement, which he considers a "green scam." Trump signed a declaration allowing coal-fired power plants to be exempted from federal regulations aimed at reducing harmful emissions such as mercury, arsenic, and benzene for a two-year period.

India and China, the largest coal exporters to the U.S., are also aiming to reduce coal imports. Both countries are advancing towards building more renewable energy capacity.

Europe, on the other hand, is increasing energy independence through renewable energy, energy storage, and electrification, and continues to set an example in global clean energy leadership. Cornelia Maarfield, Head of the Energy Section at the European Climate Action Network, stated that coal is the most expensive and polluting energy source, adding, "Trump’s attempt to revive coal means higher energy costs for U.S. citizens."

Maarfield emphasized the environmental and financial implications of the U.S.'s recent push for coal, saying, “No one wants to breathe dirty air and pay for expensive energy,” and further stated:

"As the current U.S. administration distances itself from global climate cooperation, diverse and varied ideas for the energy transition are coming to the forefront. There is a great opportunity for powerful economies like Brazil, India, the European Union, Türkiye, France, Germany, the United Kingdom, South Africa, Indonesia, and China to come together on fair climate action and offer clear paths and support to developing countries."

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Merz: EU to discuss steel export quotas with US

Friday, August 1, 2025

Canada's response to US tariffs: “We will diversify our exports and turn to our own resources”

Friday, August 1, 2025

Canada completes dumping investigation of steel pipes originating in Japan

Friday, August 1, 2025

Ministry of Trade: Türkiye positively differentiated against new US tariffs

Friday, August 1, 2025

Sims and Alter Steel collaborate for low carbon steel

Friday, August 1, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now