Recorded 18th April 2026: This week we explore the forces reshaping heavy industry in the energy transition — from the role of of coal in global power systems to the rapidly evolving race to build low-carbon steel.

In this episode:

• What the latest data says about global coal demand
• Why mining costs are rising - and how producers are responding
• The financing and technology choices shaping new green steel plants
• How renewable energy availability is reorganizing industrial supply chains
• Why geopolitical risk is becoming a core variable in industrial investment

We unpack new data from Centre for Research on Energy and Clean Air which shows coal use has remained flat, examine rising mining input costs, and discuss how economics, infrastructure, and geopoliti ...