From the AFR:
In a move no doubt to be seized on by the anti-coal lobby, the closely-watched International Energy Agency looks to be preparing to revise down its forecast for coal demand growth.
…The unexpected slowdown in Chinese coal demand that was particularly evident in 2014 is a factor, but the IEA’s director for energy markets and security, Keisuke Sadamori, points more so to the commitments made by countries in their submitted pledges on greenhouse gas emissions before the COP21 global climate talks in Paris at the end of the month.
Poor old coal should have spent the money wasted fighting the climate change PR war on promoting and developing carbon pricing as well as carbon capture and storage. Instead, it will bear the full brunt of the adjustment.
