LNG macro analysis, page-2265

Further to point 1):

The world could well look back on 2019 as the tipping point when global capital
markets accepted the technology-driven inevitability and grid parity cross-over
from polluting thermal coal and the increased uptake of sustainable clean renewable
energy.
The largest listed fossil fuel companies still toying with thermal coal and coking coal,
and even oil and gas, have been massively down-rated, and shareholder wealth
destruction has been staggering, in absolute terms and relative to the overall market
rise.
At the same time, more light has been shining on renewable energy, the world’s
largest listed renewable energy asset owners/investors outperforming the equity
market, those best looking to embrace the opportunities in the current
technology-led disruption of the global electricity sector.
The International Energy Agency says unabated coal use must cease in the OECD by
2030 and globally by 2050 for the Paris Agreement to be met.
With global capital fleeing thermal coal and coal-fired power generation – the
largest, most dirty, most emissions intensive sector, IEEFA suggests financial
markets are not waiting to see if Paris targets might be met.
Indeed, signs suggest 2019/20 is a tipping point for thermal coal in global capital
markets.

https://ieefa.org/wp-content/uploads/2019/12/Global-Renewable-Energy-Leaders-Outperform-on-Global-Equity-Markets_December-2019.pdf