At this point, this is one of those policies which is both environmentally friendly and makes piles of economic sense. Even without clean energy subsidies, coal is rapidly becoming a bad investment. The cost of running existing coal plants has exceeded the cost of building new solar & wind power plants. Over the next few years, demand for coal is likely to implode.
As bankers and insurers start to internalize this idea, the number of people willing to continue investing, insuring, or financing coal operation is going to vanish and the industry will collapse completely.
As bankers and insurers start to internalize this idea, the number of people willing to continue investing, insuring, or financing coal operation is going to vanish and the industry will collapse completely.
[1] https://www.forbes.com/sites/energyinnovation/2018/12/03/plu...