"China has been losing money on coal plants for years, but it keeps churning them out because that's the political directive from the state-owned energy companies," Morse said. "They don't have a lot of good alternatives."
Where the supply-and-demand argument makes more sense, he said, is in countries like Japan, which is seeking alternatives to nuclear power. The energy-hungry economies of Korea, Taiwan and to a lesser extent India, which rely on less regulated energy markets, will want a share of U.S. coal. These countries have few domestic energy alternatives of their own, Morse added.
Reprinted from Climatewire with permission from Environment & Energy Publishing, LLC. www.eenews.net, 202-628-6500