World Falls In Love With Coal That Obama Is Waging War On

At the very moment President Obama has decided to shutter America's coal industry in favor of much more expensive and less efficient "renewable energy," coal use is surging across the globe.

A new study by the prestigious National Academy of Sciences detects an unmistakable "coal renaissance" under way that shows this mineral of fossilized carbon has again become "the most important source of energy-related emissions on the global scale."

Coal is expanding rapidly "not only in China and India but also across a broad range of developing countries — especially poor, fast-growing countries mainly in Asia," the study finds.

Why is coal such a popular energy source now? The NAS study explains that many nations are attracted to "(relatively) low coal prices . .. to satisfy their energy needs." It also finds "the share of coal in the energy mix indeed has grown faster for countries with higher economic growth."

In sum, using coal is a stepping stone to prosperity. So much for it being a satanic energy source.

Hardly a day passes without evidence that coal is making a major comeback:

• Some 1,200 coal plants are planned across 59 countries, with about three-quarters in China and India, according to the World Resources Institute.

• Coal use around the world has grown about four times faster than renewables, according to the global energy monitoring publication BP Review of World Energy 2015.

• German coal "will remain a major, and probably the largest, fuel source for power generation for another decade and perhaps longer," the Financial Times concludes.

• "The U.S. is dropping coal plants at an unprecedented rate, but still nowhere near as quickly as India is adding them," Bloomberg Business reckons.

"By the end of this year, some 7.5% of the U.S. coal fleet will have disappeared ... . But by 2020 India may have built about 2.5 times as much capacity as the U.S. is about to lose."

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