The Wall Street Journal reports:
Coal demand across Southeast Asia may almost double between 2010 and 2020 to 230 million tons, according to the International Energy Agency, which in an April report warned that its growing use to generate electricity is undermining efforts to rein in global greenhouse-gas emissions.
“If you’re a local politician in Southeast Asia, you would definitely consider coal to have a bigger role in your energy mix,” said Graham Tyler, who heads energy research firm Wood Mackenzie’s gas and power research team in Southeast Asia.
According to Wood Mackenzie, the share of coal-fired power generating capacity in Southeast Asia’s energy mix will likely rise to 48% by 2030 from 35% now.
And they will profit greatly for doing so. Good for them.