Finance & economics | Canary in the coal mine

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”

The negotiator

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