Coal Isn’t Dead. China Proves It.
Responsible for 46% of global production and 51% of global demand, China’s coal reliance is not falling nearly as fast as some like to claim For demand, too many confuse the crucial difference between “growing less slowly” or remaining “buoyantly very high” versus “shrinking” or “declining.” Similar to U.S. oil demand, China’s coal consumption aligns with the first two. While it could indeed be said that Chinese coal demand has been relatively flat for a few years now, importantly, it hasn’t been falling in the absolute sense. For production, China’s ...
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