Tag: carbon bubble

China’s bursting coal bubble raises fear of stranded assets

China's love affair with coal has come to an abrupt end, with figures released last week showing that consumption fell in 2014 for the first time in 14 years. The shift in China’s demand could signal that the world’s second-largest economy has reached “peak coal”, whereby the country will make a long-term structural shift away from the dirty fuel towards a greater reliance on natural gas and renewables.

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