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Environment
Hao Tan, Associate Professor, Newcastle Business School, University of Newcastle

The coal whack-a-mole: getting rid of coal power will make prices fall and demand rise elsewhere

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The fight against climate change is full of inconvenient truths. The latest? Coal is going to be harder to get rid of than we had hoped. Every victory like the rejection of Clive Palmer’s proposed Rockhampton coal mine seems to be offset by coal’s gains elsewhere.

Potsdam Institute experts this week published research suggesting we have less than 5% chance of actually ending coal use by 2050. That would make the Paris Agreement goal of keeping global heating under 1.5℃ all but impossible.

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