In most countries the tide is turning against coal
Cheap energy matters most to poor people, and the coal industry’s hopes have rested on emerging economies burning the black stuff to fuel their modernisation. But growing energy efficiency, rising pollution worries and stiffer competition from other fuels mean that in most countries the tide is turning against coal. Prices have been sliding (see chart), political opposition growing and demand drooping. The Dow Jones Total Coal Market index has fallen by 76% in the past five years.
mjtmail (tiggy) (CC BY 2.0)