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Reuters reported that as China makes the switch to cleaner energy, its demand for thermal coal will drop; however, emerging markets in the same region will compensate for the Asian giant’s absence.
Reuters reported that as China makes the switch to cleaner energy, its demand for thermal coal will drop; however, emerging markets in the same region will compensate for the Asian giant’s absence.
As quoted in the market news:
During the last decade global coal demand has largely been driven by a booming China, but in a move to curb pollution, the government is keen to switch to cleaner fuels to generate electricity, such as natural gas, nuclear and renewables.
Even if China cuts back its coal habit, analysts say global coal use will still increase as southeast Asia’s economic rise will be fuelled by coal, proof of the theory that few countries have industrialized effectively without heavy use of a fuel blamed for pollution and climate change.