The coal industry is doing just fine.

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You should know coming from a big coal mining country, Australia. Over 1600 new coal fired power plants coming on line around the world:
Funny thing about coal, the price is up because thousands of new coal fired power plants are being built around the world. Coal is the cheapest energy there is and countries are taking advantage of that. The price of coal is up some 20%
“Coal prices are on the rise again. With benchmark rates in Australia up over 30 percent since July — approaching the $100/t mark that prevailed in November 2016 after a massive run-up last year.
And a number of events the past week show that things could get even more heated in coal over the coming months.”…ts-Up.html
1600 New Coal Power Plants Built Around The World
When China halted plans for more than 100 new coal-fired power plants this year, even as President Trump vowed to “bring back coal” in America, the contrast seemed to confirm Beijing’s new role as a leader in the fight against climate change.
But new data on the world’s biggest developers of coal-fired power plants paints a very different picture: China’s energy companies will make up nearly half of the new coal generation expected to go online in the next decade.
These Chinese corporations are building or planning to build more than 700 new coal plants at home and around the world, some in countries that today burn little or no coal, according to tallies compiled by Urgewald, an environmental group based in Berlin. Many of the plants are in China, but by capacity, roughly a fifth of these new coal power stations are in other countries.
Over all, 1,600 coal plants are planned or under construction in 62 countries, according to Urgewald’s tally, which uses data from the Global Coal Plant Tracker portal. The new plants would expand the world’s coal-fired power capacity by 43 percent.
The fleet of new coal plants would make it virtually impossible to meet the goals set in the Paris climate accord, which aims to keep the increase in global temperatures from preindustrial levels below 3.6 degrees Fahrenheit.
Electricity generated from fossil fuels like coal is the biggest single contributor globally to the rise in carbon emissions, which scientists agree is causing the Earth’s temperatures to rise.
“Even today, new countries are being brought into the cycle of coal dependency,” said Heffa Schücking, the director of Urgewald.
The United States may also be back in the game. On Thursday, Mr. Trump said he wanted to lift Obama-era restrictions on American financing for overseas coal projects as part of an energy policy focused on exports.
“We have nearly 100 years’ worth of natural gas and more than 250 years’ worth of clean, beautiful coal,” he said. “We will be dominant. We will export American energy all over the world, all around the globe.”…the-world/
So funny, renewables haven’t made even a small dent in energy use in the world. Non renewable energy, gas, coal, oil still the same amount used, 80% after 40 years. Sorry green idiots, you lost: here presents an interesting chart which tells us the green energy revolution of the past 30 years has resulted in practically nothing. It’s been a flop. Fossil fuels remain as wildly popular as ever.
h/t Natura Naturans

READ  An American journalist nearly died from doing his job in a major American city last week.
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