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Half of World's Coal May Go Unmined to Meet Paris Climate Target

  • World has 890 billion tons of coal, Bank of America says
  • Demand growth halted in 2014 for first time since 1990s

Coal, the fuel that powered the industrial revolution, is in hiding.

While the world still has 890 billion tons of reserves, enough to last more than 65 years, about half must stay underground if nations are to meet environmental limits agreed to earlier this month in Paris, Bank of America Corp. said in a report. Burning less coal is the easiest way to lower emissions blamed for climate change, the bank said.