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Fluctuating demand drives coal prices down – creates temptation

Unfortunately you cannot change the economic laws of supply and demand, and as less coal is needed to burn in electricity generation, so does the price come down. Of course India and China have realized that it is even cheaper to burn as much of their own coal as possible, so that in turn has left all other sources of coal at even lower prices, as both countries have tried to accelerate mining. The net result will be a backlash against renewables among coal committed countries, especially those in the same regions – Indonesia, Malaysia, Vietnam, Thailand, the Philippines, Australia, and even as far afield as the Ukraine, but it will also inevitably lead to coal mines closing down, once…

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