Elaine Walsh, Washington, DC based Global Projects Partner:
While coal’s market share of global energy supply continues to decline because of environmental regulations over the past several years and competition from natural gas and renewables, it still accounts for approximately 14% of energy consumption in the US (EIA), 60% of energy consumption in China (CEIC), and over 50% of energy consumption in India (BP Energy Outlook). There are several reasons why coal won’t be going away as fast as one might expect:
