No denying coal's developed world decline

There's no hiding from coal's long-term decline in Europe and the US, irrespective of cherry-picked data floating around cyberspace about a coal revival.

Last week in a column outlining how Australia might be dragged along by international actions to reduce carbon emissions, I suggested that coal was facing some significant headwinds in Europe, the US and possibly China.  To which a reader commented that I was wrong because Europe’s coal consumption rose 4% last year, and according to him 25 coal power stations were under construction in Germany. 

This suggests it would be worthwhile looking deeper into the headwinds confronting coal.

EUROPE

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