Jakarta, CNBC Indonesia – Several countries in the world are currently experiencing an energy crisis. The scarcity of energy supply also triggers the increase in energy prices including gas, oil, and coal.
The incident triggered a power outage, as well as the difficulty of getting fuel oil (BBM) in a number of countries including China and Europe.
Demand for natural gas soared after countries around the world, previously committed to reducing carbon emissions, were unable to provide enough energy from their efforts to focus on renewable energy amid high levels of demand.
As a result, there is a shortage of supply, so that coal and other fossil energy are being hunted again, prices soaring.
However, Dimas W Pratama, an analyst at NH Korindo Sekuritas, sees in the long term the trend sentiment of the need for green energy in terms of renewable energy will be a stumbling block for the increase in the price of coal and friends in the long term.
“Regarding green energy plans in the future, there will definitely be a shift in demand from coal to renewable energy. But if we look at the project, it is still long because the infrastructure must be built first before the transition occurs,” he said in CNBC Indonesia’s Investime program, Tuesday (6/10/2011). 2021).
According to Dimas, the economic slowdown due to the Covid-19 pandemic will certainly hold back, as well as reduce the demand for green energy.
In addition, one sentiment that can reduce coal prices is oversupply.
“Supplies from producers themselves are intensively exporting, if there is an oversupply it can lower the price of new coal,” he said.
Previously the European Union had targeted to become carbon neutral by 2050 and reduce greenhouse gas emissions by 55% by 2030, compared to 2005 levels.
However, the low production of electricity from wind turbine power plants in Europe is exacerbating the energy crisis. The calm weather is the reason why wind turbine output is low.
The price of coal rose again. The hunt for the black stone made prices soar. Yesterday, the price of coal on the Newcastle (Australia) ICE market closed at US$ 280/ton, a 12.45% jump compared to the previous day as well as being the highest since at least 2008.
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