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Grant64t

5,659 Posts.

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09/07/20

13:41

Post #: 45751590
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Originally posted by TillLindemann: ↑

You might have a soft spot for coal. But it's clearly on the way out.

In Europe it is now miniscule. In North America it's in a death spiral. Just last week Japan announced a plan to reduce its coal consumption. Even countries that were very recently seen as the salvation of coal - like India - coal consumption has declined markedly in the last 2 years.

Alternatives to coal are getting cheaper all the time and cutting its grass. Coal is very labour and capital intensive, and its losing on pure economics.

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There's one BIG problem comparing Australia with Europe / Japan & North America

Australia has NON 24/7 alternative to producing electricity !
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