je.st
news
Chinas bursting coal bubble raises fear of stranded assets
2015-03-02 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Telegraph: China's love affair with coal has come to an abrupt end, with figures released last week showing that consumption fell in 2014 for the first time in 14 years. A combination of slowing industrial growth and a drive by the government in Beijing finally to take emissions and pollution seriously are the main drivers for the slump in the coal market. The shift in Chinas demand could signal that the worlds second-largest economy has reached peak coal, whereby the country will make a long-term...
Tags: fear
assets
bubble
coal
Category:Electronics and Electrical