The days of cheap, affordable coal-fired power are over, according to the Sierra Club, one of the oldest environmental associations in the United States.
Coal has long been central to Australia’s economy and infrastructure. As well as (relatively) cheaply powering our homes and businesses, it’s also becoming increasingly central to our growing relationship with India and China.
But as Justin Guay writes in Renew Economy, international coal markets are highly volatile, and exposed to a rising cartel of countries who collude to push prices higher. “Just like oil prices, coal prices have trended sharply upward around the world,” Guay writes.
Read the full article at Renew Economy.