There’s Way Less Coal Than We Thought
The surge in global coal production has produced a much more refined understanding of coal deposits around the world. Armed with those refinements, researchers have slashed their estimates of the amount of economically and technologically recoverable coal by two-thirds from ‘90s-era forecasts. When the UBC researchers analyzed the worst-case scenario for 21st century carbon dioxide emissions, using the revised coal estimates, they found that CO2 emissions fell dramatically.
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Ritchie isn’t saying we’re about to stop burning coal, or that we’re about to run out of it. He’s just come up with a bullish case for coal burning that may be more realistic than the 1990s bullish case for coal burning.