Since the 18th century, coal has had a vital role in industrial production, energy, and heating. Even today, this fossil fuel is responsible for the majority of Asia’s energy production, led by China and India. Yet, as a fossil fuel, it is becoming increasingly regulated and costly to use. GHG emission regulations are ramping up globally and it seems that coal lacks any long-term perspectives. Despite this, demand and prices have been on their way up since 2021. So what is the future of coal in 2023?