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COMMODITIES MARKETS - Coal
Global movement towards green energy could continue to put downward pressure on coal prices. China, Europe and the United States are making its transition away from coal. Based on the International Energy Agency (IEA) forecast - in the next 25 years, the world will turn more and more to renewables and natural gas for its energy demand, moving away from coal.
Moreover, with the green movement gathering pace in the world, not only have many financial institutions divested their investments in coal and fossil fuels but they also pledged to stop the future financing of projects that will exacerbate climate change.
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