Indonesia’s Last Stand for a Coal Industry in Peril

Indonesia’s Last Stand for a Coal Industry in Peril
A tug pulls a coal barge in Samarinda, Kalimantan, Indonesia, on Aug. 26, 2016. Ed Wray/Getty Images
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Indonesia’s coal industry is trying to grow in a hostile climate. As the world moves to cut carbon emissions following the 2015 Paris Climate Agreement, the global coal industry is feeling the squeeze.

Financial institutions in the developed world have started pulling out of coal investments. The rapidly dropping price of renewables, combined with the environmental stigma around coal, have encouraged even rapidly developing Asian countries to cut back on coal use for power generation.