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Actually, I think it is debatable - a large portion of the decline could be pinned on the reduction of demand. If China roars back, so will the coal plants.
by Qworg 11y ago
Actually, I think it is debatable - a large portion of the decline could be pinned on the reduction of demand.
If China roars back, so will the coal plants.
- jerven 11y agoCould be, but I guess that burning coal will not lead to enough value and will roar back less than the other sources.
- toomuchtodo 11y agoBy the time China roars back (years, at least), coal won't be economically viable (as long as wind and solar manufacturers continue to manufacture at full tilt).
- justincormack 11y agoCoal is subsidised in China, and a lot is produced by state owned firms. So price does not necessarily matter so much, it is political will.