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High costs and a greener China expected to dampen thermal coal industry

2014-09-20 10:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: New research by the Carbon Tracker Initiative (CTI) has identified major financial risks for future investments in the international coal industry, supposedly caused by a domino effect initiated by slowing demand in China. The research, published earlier this week has determined that the industry as a whole could potentially peak as early as 2016, with an expected industry decline as demand for the fossil fuel decreases. The analysis has evaluated $112 billion (68bn) worth of future coal mine...

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