Coal's No Stranded Asset. It's a Security Blanket
China is willing to fund more dirty power since the cost of blackouts is unacceptable.
The Hongliulin coal mine near Shenmu in China's northern Shaanxi province.
Photographer: WANG ZHAO/AFP via Getty Images
Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Energy Reporter Dan Murtaugh looks at China’s enduring reliance on coal, Shell Plc previews its quarterly earnings and oil heads for another weekly gain. To get this newsletter sent straight to your inbox, you can sign up here.
There is perhaps no bigger gulf in climate policy than the diverging views of coal in developed and emerging markets.