Bloomberg report: coal can’t compete
“Coal’s competitive advantage is fast evaporating. It cannot compete with renewables on cost, and storage and smart management of the grid have made the need for new baseload redundant. Coal is yesterday’s technology – the only thing new coal has going for it is inertia.”
– Kobad Bhavnagri, the lead author of Bloomberg New Energy Finance’s New Energy Outlook 2017 in Asia-Pacific report.