Coal’s Terminal Decline
How a bad year for coal in 2014 has been followed by the biggest fall in consumption ever
Coal consumption is poised for its biggest decline in history, driven by China’s battle against pollution, economic reforms and its efforts to promote renewable energy. Global use of the most polluting fuel fell 2.3 percent to 4.6 percent in the first nine months of 2015 from the same period last year, according to a Greenpeace report. That’s a decline of as much as 180 million tons of standard coal, 40 million tons more than Japan used in the same period. It follows the levelling off of global coal use in 2014, and creates a nightmare scenario for the coal industry.
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