Report by Boston Consulting Group (BCG) on why coal will
keep burning? is an interesting read.
Takeaways from the report:
- Coal is very much integrated in the economic structure of world economy
- Replacing coal is a distant dream i.e. it will take another 40 years
- Coal powered plant has long life I.e. 60 years approx. and many have long years left
- Stopping coal powered plant can effect employment which is a political issue
- Fukushima nuclear disaster stops fast progress in Nuclear powered electricity
- Poor countries / under developed countries cannot afford nuclear backed / renewable energy
In other words the report clearly states Coal will remain
integrated for few more decades before waning out
To read article please visit the below link:
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