This anti-coal advocacy masquerading as financial analysis. See below.
So in the EU, carbon taxes make coal plants more expensive. In the US, subsidized wind can make possibly make coal relatively more expensive on a temperate, windy day when no other costs other than the momentary wholesale cost of electricity is considered. In China… well, between the unreliable data, communist tendency to lie about everything and the shortcomings of central planning, what ever is going on in China is not coal’s fault. From the report:
There are two realities for our purposes:
- In the US, existing coal is cheaper than new anything else; and
- Burning coal is the dominant technology globally for generating electricity. The world doesn’t burn coal to lose money. It burns it to provide the least cost, most reliable power.
The “report” Powering Down Coal is nonsense.