Well, the energy boffins have been saying all along that coal is growing worldwide. Here's some supporting information. Looking good for Oz's coal companies.
According to The Australian;
"More than 1000 “high-efficiency” coal-fired electricity generation plants are planned or under construction in key Asian nations, according to new research that provides a fillip for Australia’s thermal coal exporters hit by the fossil fuel divestment push.
The research, produced by the UK’s IEA Clean Coal Centre and obtained by The Australian, is significant as the hi-tech plants typically emit 20 to 25 per cent less carbon dioxide than existing power stations.
Commissioned by the Minerals Council of Australia, it finds that an extra 1066 “high-efficiency, low-emission” coal plants are planned or under construction in 10 Asian nations to provide 672 gigawatts of capacity — more than 24 times that of Australia’s coal-fired fleet.
…
Despite a wave of bans on coal by multilateral lenders, Japan has designated loans for coal plants in India, Indonesia and Bangladesh as climate finance."
From http://wattsupwiththat.com/2015/09/13/japan-building-coal-plants-is-climate-finance/ which gives a link to the article in The Australian. But as The Australian may be paywalled, I'm giving this link.
[I ought to post this under WHC and WES too, and Coal of course, but HC isn't giving me the option. Maybe I'll post it there separately.]
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