The US coal crash: evidence for structural change
The US coal crash: evidence for structural change
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The market for thermal coal is in structural decline in the United States. Squeezed out by an abundance of cheap shale gas and ever tightening pollution laws, it may be a harbinger of things to come for other fossil fuel markets globally. This report paints a bleak picture and makes grim reading for investors. It finds that in the last few years U.S. coal markets have been pounded by a combination of cheaper renewables, energy efficiency measures, rising construction costs and a rash of legal challenges as well as the shale gas revolution.