Coal still has a role

Deutsche Bank analyst Mark Lewis told ABC TV the coal industry still has a future, despite a global push towards other cleaner energy.

“There is no way in which the world can generate the energy it needs realistically over the next 50 or even 100 years without coal still being a significant part of the mix,” Mr Lewis said.
But he said the emphasis in future would be on moving to clean coal with carbon capture and storage.

Mr Lewis said that in developing countries, where energy generation systems are at an earlier stage, it might be a slightly different story.

“It’s the end of old conventional coal where people simply didn’t bother about how much carbon dioxide was coming out.”

News.com.au