Heatwaves Drive Coal Demand for Air Conditioning in Southeast Asia

As heatwaves intensify, the demand for cooling solutions like air conditioning is soaring across South and Southeast Asia. This increased demand for electricity to power air conditioning units has led to a corresponding increase in the usage of coal-fired power plants in some Southeast Asian nations to meet the growing energy needs.

DBX real-time analytics indicate that India, the Philippines, Vietnam, and Malaysia will all push their thermal coal imports to new monthly highs. This is providing key support for coal prices globally.

Credits: Guardian

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