Why coal might not be on its deathbed, but merely in a coma
Europe is shutting coal-fired power and Asia is starting to look like it may not be the last refuge for coal growth that it was long assumed to be.
16 August 2019 - 05:06
Launceston — The prevailing market view on coal is that the industry is now facing terminal decline, as renewables and natural gas displace the polluting fuel. The problem is the facts don’t quite fit the narrative.
The coal industry can be split into two broad sectors, namely coal mined and burnt domestically; and the seaborne market, where coal is mined and exported to countries that need to import energy. Of these, the seaborne market grabs the most attention, as it’s more visible to investors, traders and even environmentalists opposed to coal mining...
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