1. MSM commentators are saying that Trump is very likely to...

1. MSM commentators are saying that Trump is very likely to withdraw from the Paris Climate Agreements on CO2 reductions etc., & generally reduce renewables' share of total US usage. This is because the USA will favour more cheap, reliable, baseload energy- thus fossil fuel usage will increase.
It is further being speculated some other countries are likely to switch to similar policies.
If this occurs, thermal coal prices are very likely to, eventually, increase.

skynews/Menzies Institute N. Cater 17.11.24 said

"Trump will use the power of presidential orders to withdraw the US from the Paris climate change agreement, scrap electric vehicle mandates, withdraw green subsidies and end support for so-called climate refugees...

His [Trump] influence is also clear in Azerbaijan, where bureaucrats, politicians and lobbyists gathered this week for the world's leading climate hand-wringing conference.

Even before the serious conversation had begun at COP 29 in the capital Baku, the Argentinian delegation pulled out on the orders of the country's climate-sceptical President Javier Melei.

Trump's election has emboldened Melei to carry out his threat to withdraw from the Paris deal.

Others may follow suit...

"We cannot sacrifice our industry or agriculture in this process," he [Hungarian PM Orban] said.

"We cannot impose unrealistic quotas or burdensome rules on farmers and companies."

While few leaders will have the courage of Melei and Orban to speak so boldly, all of them must know the Paris process is in trouble.

The US withdrawal will mean that none of the world's four largest CO2 emitters - China, US, India and Russia - are fully onboard....

The hard truth is that none of the significant [above 4] global emitters have successfully reduced their emissions to align with the Paris Agreement's aims.

Since the Dirty Four are responsible for around 60 per cent of the world's CO2 emissions, the Paris Agreement is effectively dead...

It is little wonder that many nations have been quietly looking for an offramp, a way of backing away from the ambitious targets set at the height of peak virtue signalling in the dreamy atmosphere of Paris.

Trump's election may give them the excuse they need to back down without losing the climate cred valued by the elite.

It will allow them to direct the blame for missed targets at the bogeymen presidents in Russia and the US".

https://www.skynews.com.au/insights-and-analysis/major-recalibration-of-global-climate-strategy-now-unavoidable-after-trumps-election-hastened-the-demise-of-the-paris-energy-agreement/news-story/54cdea0d15a9265ce7d5cd88d2fb79







2. The Dutch TTF gas prices (the European benchmark) have hit their highest prices since Nov. 2023- & have risen c. 8.71% in the last week, & 15.78% in the last month. Now 45.71 euros

Europe’s Natural Gas Prices Jump to 2024 High | OilPrice.com

If this rise continues, the usual result (as gas is the main competitor) is that thermal coal prices also eventually rise