It is important to note that the carbon footprint reduction is a global concern. In this article, we will explore the impact of Newcastle coal futures on this important issue. 

One of the fossil fuels that contributes the majority of the greenhouse gas emissions causing climate change is coal. In actuality, coal is responsible for close to 40% of all carbon dioxide emissions from the energy sector. The majority of the particulate matter and sulfur dioxide emissions in the air are also caused by the burning of coal. Both the environment and human health are harmed by these contaminants.

You can track the values of coal futures contracts daily thanks to a Coal Prices API. As a result, you can forecast future price alterations and decide whether to purchase or sell your coal futures contracts with confidence.

By purchasing or selling coal futures contracts for the same amount at various times or locations using this API, you can also manage your risk. This can help you control your carbon footprint and lessen your exposure to market volatility.

Utilizing this kind of API also gives you access to real-time data on a range of commodities, including gold, silver, natural gas, oil, and more. This implies that you can keep track of the changes in the price of all of your commodities in one location.

Overall, the Commodities API is a powerful tool that can help you reduce your carbon footprint by helping you make more informed decisions about your commodity investments.

Commodities API

This API comes with guaranteed availability, scalable volumes and responds within milliseconds. Aside from live data, the API also comes with separate endpoints for single currency conversion, Time-Series and more.

Commodities-API is used by thousands of developers, SMBs and large corporations every day. Rock-solid data sources and 6+ years of experience make our API the #1 resource for commodities rates.

To Use It, Just Adhere To These Steps:

• To use the API right away, all you need to do is sign up at Commodities API!
• Depending on your needs, use the various API endpoints and the symbols the API offers.
• Simply click “run” to initiate the necessary API call after locating the pertinent endpoint, then observe the outcomes appear on your screen.

With this API you will be able to get different information from a lot of commodities, the API will give you a unique symbol to enter into the Endpoint and it will show you a response like this one. Every commodity has its own symbol.

{"data":{"success":true,"timestamp":1684793280,"date":"2023-05-22","base":"USD","rates":{"COAL":0.0083507306889353},"unit":{"COAL":"per tonne"}}}

For this occasion, we wanted to get Coal Futures prices and data, the symbol that this API gave us was “COAL”. As you can see from this response, 0.0083507306889353 tonnes of coal is equal to 1 USD.

Commodities data delivered by the API for Commodities Prices is sourced from financial data providers and banks, including the World Bank. This API´s world-class support team is happy to assist any time of the day and any day of the year.