Thermal coal

🧬 AI profile — grown from 6ic coverage Thermal coal is a type of fossil fuel used primarily for electricity generation, accounting for approximately 37% of global electricity production. The Bank of England's decision to ban the issue of new coal bonds is a significant move, recognizing the asset's high climate risk and shifting investor perceptions to equate it with a fossil fuel. This development reflects the growing scrutiny of thermal coal as a high-emissions energy source.