coal prices, page-19

Chris Mitchell writes in 'The Oz' this morning:

"...Much of our media describes coal as a stranded asset, but the facts suggest otherwise.

Thermal coal last month was selling at near record prices of $US129.97 ($A175) a tonne while coal futures last week soared to a 10-year high of $US140 a tonne.

China, which some environment journalists actually believe is committed to net zero by 2060, is financing coal plant construction in 152 countries under its Belt and Road Initiative, according to a report in The Conversation last May.Coal accounts for 58 per cent of China’s domestic power.

The Asian giant is home to more than half the world’s coal-fired power stations, and has 247 gigawatts of new coal power planned or under construction. That is six times Germany’s entire capacity. But wait, look at Australia, right?..."