Asian governments are the biggest backers of the filthiest fuel
Even as private investors are shunning coal, states are throwing cash at it
IN THE DENSE gloom about climate change, news of coal’s decline seems like a pinprick of hope. President Donald Trump may adore “beautiful, clean coal”, but even he cannot save it. A growing number of countries want to phase out coal entirely, a transition eased by cheap natural gas and the plunging cost of wind and solar power.
That is good news. Coal has been the largest engine of climate change to date, accounting for nearly a third of the rise in average temperatures since the Industrial Revolution. Any pressure on it therefore counts as progress.
This article appeared in the Leaders section of the print edition under the headline "Betting on black"
From the August 24th 2019 edition
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