China, India are both the problem and solution for coal, climate change: Russell

Financial Post | Nov 14, 2019 at 7:03 AM
  • One thing becomes absolutely clear when reading the IEA’s latest World Energy Outlook; if the world is to have even the remotest chance of making its climate goals, then China and India are going to have to do something about their coal use.
  • If the world is to move to the sustainable development scenario, it means a dramatic shift away from coal and towards renewable energy across the globe.
  • It is of course possible to take a different view of the IEA’s forecasts, but no matter which way the world’s energy future is sliced and diced, the fact remains that coal consumption will have to drop sharply to meet climate change goals.