In Europe, coal poised for comeback amid Ukraine crisis but the future is still carbon-neutral, say analysts

Coal is heading for a short-term comeback as Europe looks to cut its reliance on Russian gas and oil but the Ukraine crisis could hasten decarbonisation on the longer run, according to energy analysts.

European Union leaders will meet in Versailles in France on Thursday and Friday to discuss their joint defence policy. They will also agree at the summit to phase out the EU’s dependence on imports of Russian gas, oil and coal, according to Reuters.