Lacklustre power demand in Asia throws a cloud over coal
A surge in renewable energy is another threat to the black stuff’s future
THE Hazelwood power station in Australia’s state of Victoria started generating electricity 52 years ago. The stark symbol of an era when coal was king, Hazelwood was one of Australia’s dirtiest: its fuel was the Latrobe valley’s brown coal, a bigger polluter than the black sort. The station was due finally to close on March 31st. Days earlier, chimney stacks were demolished at Munmorah, a black-coal station north of Sydney, already closed. Australia has shut ten coal-fired power stations over the past seven years, yet coal still generates about three-quarters of its electricity.
This article appeared in the Finance & economics section of the print edition under the headline “Canary in the coal mine”
Finance & economics April 1st 2017
- Will robots displace humans as motorised vehicles ousted horses?
- Lacklustre power demand in Asia throws a cloud over coal
- Stockmarkets give up some of their Trump bump
- Banks’ equity-research operations are in decline
- The life and times of an Italian non-performing loan
- Indonesia’s tax amnesty passes its deadline
- An improbable global shortage: sand
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