Is new coal power really dead?

Right now everything points to the likelihood that no new coal-fired plants will be built in Australia, but there's a scenario whereby coal could make an unlikely, and unfortunate, comeback.

Kevin Rudd seems poised to promise that he’ll shift the carbon price to a trading scheme a year early. Even if he were to win the election and save the carbon price, it will be a hollow victory because the level of the carbon price will be largely irrelevant for investment decisions.

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