Continued use of coal is ecologically unsustainable – but it also looks as though it is economically unsustainable as well.
Pressures on coal show no signs of ending
Arguably, most of the world’s coal assets are already stranded — doomed by the new global momentum for carbon reduction agreements to remain in the ground forever.
King coal: a dead man walking
“Coal is a dead man walking. Banks won’t finance them. Insurance companies won’t insure them. The EPA is coming after them … and the economics to make it clean don’t work”, observed Kevin Parker, head of asset management at Deutsche Bank in 2011.