Coal industry will never recover after coronavirus pandemic, say experts
The global coal industry will “never recover” from the Covid-19
pandemic, industry observers predict, because the crisis has proved
renewable energy is cheaper for consumers and a safer bet for investors.
pandemic, industry observers predict, because the crisis has proved
renewable energy is cheaper for consumers and a safer bet for investors.
A long-term shift away from dirty fossil fuels has accelerated during
the lockdown, bringing forward power plant closures in several
countries and providing new evidence that humanity’s coal use may
finally have peaked after more than 200 years.
That makes the worst-case climate scenarios less likely, because they
are based on a continued expansion of coal for the rest of the century.