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Maroc Maroc - BUSINESSMIRROR.COM.PH - A La Une - 08/Sep 16:02

The demise of coal, as it turns out, is a lot of gas

A few years ago, the world was on a path to ending coal, the most carbon-intensive fossil fuel and the single biggest contributor to carbon dioxide emissions. Active and sustained campaigning brought coal closer to the point of death and the world to a coal-free future. Several developments made this evident. One, the shrinking of the pipeline of new coal and the shutting down of hundreds of coal projects across the globe. Two, the commitment of 44 governments to end the construction of new coal plants and cancellation by a further 33 countries of new coal projects. Three, the shifts in the policies of several public financial institutions and private banks to either wind down or immediately end coal financing. And four, the emergence of cheaper renewables that downgraded new investments in coal as a costly mistake. 

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