Swift action for coal-free future cannot come fast enough

, there is a rapidly growing global movement to put the brakes on the coal industry in a desperate attempt to slow the warming of the planet.

China is the most obvious example. While it announced last week that it would follow in the footsteps of Japan and South Korea in no longer bank-rolling new coal-fired power plants abroad, its own voracious need for power to buttress its economic rise means it’s not planning to start winding back its own reliance on coal for many years to come. That is reflected in the price of thermal coal, which has skyrocketed this year due to a resurgence in demand from the likes of China and India.

At the same time, the market value of coal-fired power stations is being slashed by the plummeting price of wholesale electricity prices, triggered by the expanding renewable energy sector and the popularity of domestic rooftop solar panels. This is resulting inthe business community and markets are increasingly making decisions that reflect the need for a transition to lower carbon emissions.

If Barnaby ran a telco store he'd be stocked up with brick phones wondering why everyone was going to the store over the road and buying smartphones. Too dumb to realise markets change

BS

You may be able to stop the production and use of thermal coal in power stations. But the coal industry must still remain until the world learns how to manufacture steel without using coking coal.

After Barnaby Joyce's train wreck of an interview this morning it's obvious that Morrison has his hands tied. A pity the Labor Party is sitting on it's hands too.

Matt Canavan says we gotta stick with coal, so we do

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