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The price of coal in Latvia has experienced a significant and unsustainable increase, and experts do not anticipate this elevated price level will persist in the coming years. Kristaps Klauss, Executive Director of the Latvian Chamber of Commerce and Industry, stated that the current situation is not a sustainable trend. Klauss indicated that the rise in coal price is impacting businesses and consumers alike.

Discussions regarding energy security and diversification are ongoing at the national and European federation level. Latvia’s forestry sector is also being affected by the increased cost of fuel, a factor relevant to the broader energy landscape and supply chain. Klauss emphasized the need for strategic planning and alternative energy solutions to mitigate future price volatility.

Topics: #price #federation #forest

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