Finkel Review, page-46

China and India will follow us? You're joking. And the USA under Trump? Now that is indeed a "strange yet great concept", but it's in cloud-cuckoo land. Germany to the rescue? .....

..... ah yes, Germany! "Between 2011 and 2015 Germany will open 10.7 GW of new coal fired power stations. This is more new coal coal capacity than was constructed in the entire two decades after the fall of the Berlin Wall. The expected annual electricity production of these power stations will far exceed that of existing solar panels and will be approximately the same as that of Germany’s existing solar panels and wind turbines combined. Solar panels and wind turbines however have expected life spans of no more than 25 years. Coal power plants typically last 50 years or longer. At best you could call the recent developments in Germany’s electricity sector contradictory."
http://www.theenergycollective.com/...s-nuclear-phase-out-leading-more-coal-burning

But there is a way forward that should make everyone happy. Australia could build a fleet of new efficient coal-fired power stations, and close Loy Yang. Rationale is explained here:
https://www.theguardian.com/environ...est-coal-power-plants-to-meet-climate-targets

Or perhaps, Australia could look at nuclear power.

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Anyway, we've drifted away from CCE. But the point is that CCE is in a business that IMHO has a lot of headwinds right now.