Market Brief
Coal Mining Shows Decline in U.K., an Industrial Info Market Brief
The volume of coal mining in the United Kingdom significantly declined this year, mainly due to the ever-tightening environmental regulations in Europe and the growing pressure from renewables.
Released Tuesday, October 06, 2020
The volume of coal mining in the United Kingdom significantly declined this year, mainly due to the ever-tightening environmental regulations in Europe and the growing pressure from renewables. An example of this trend is the U.K. government recently announcing plans to close at least seven large coal-fired power plants during the period 2022-2023, directly affecting coal mining sectors in coming years.
IIR Is tracking 122 projects worth $7.62 billion in the U.K.'s mining sector. Click here for a list.
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