“Coal has an image problem. Casual observers of energy markets view coal as an anachronism more at home in a 19th century factory than in modern developed economies.”
“Bottom line: Even assuming a significant cost attached to carbon emissions, coal plants will remain a relatively low-cost source of power for decades to come. Further, coal plants represent a reliable source of baseload power.
While the US coal market is far from dead, the international coal market is positively booming. Coal accounts for 42 percent of global electricity generation and that share should grow over the next two decades. The developing world is the primary driver of this growth; China and India produce 80 and 70 percent of their power from coal, respectively.
Asian countries outside the Organization for Economic Cooperation and Development (OECD) currently generate roughly 70 percent of their power from coal. Coal-fired generation in the region is expected to soar more than 176 percent by 2030.”
…..read more HERE.