Eleventh day of COP21.
It’s official: coal is in the doldrums. It is one of the most important issues at the summit that is taking place in Paris these days, and it will continue to be so in the coming years, given its leading role in the energy mix of some countries such as China and India, and its high carbon emissions. CO2 (for example, double that of natural gas).
However, everything seems to indicate that the trend will be a reduction in the use of coal in the coming decades. The establishment of unconventional hydrocarbons (also known as “fracking”) has led to a drop in the price of natural gas, and various policies such as President Obama’s Clean Energy Act have put the coal industry in check. In fact, twelve mining companies in this sector have already filed for bankruptcy this year.
The beginning of the end for coal? That is what the evidence suggests.
