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Coal producers are reluctant to ramp up production because it takes a lot of money. And who knows how long demand will last?
Instead, they’ll put about $18 billion a year into renewable energy projects.
Coal, far from being phased out in many countries, is a stand-in for natural gas — which is also very expensive right now.
China has more than enough coal underground to service the country’s needs.
Germany has pledged to reach net-zero carbon emissions by 2045. Is that achievable?
One energy analyst says “the reality is that the marketplace is attacking coal.”
The IEA said, under current conditions, renewables are expected to overtake coal as the primary means of producing electricity by 2025.
Spanish energy providers decided that refitting coal plants to reduce carbon emissions and meet EU regulations was too expensive.
It’s the first time that’s happened since 1885.
Andrew Wheeler is expected to face tough questions about his former role as a lobbyist for the fossil fuel industry.