The announcements and pronouncements at French President Emmanuel Macron’s One Planet summit may leave the impression that coal is dead. But it’s too early to count the King out just yet.

Some economists say that in some parts of the developing world fossil fuels, including coal, will remain cheaper than renewable energy for the foreseeable future, making a full transition to green power much less likely.

Former New York Mayor Michael Bloomberg, in Paris to promote the Task Force on Climate-related Financial Disclosures, which he chairs, said most of the estimated 1,600 coal-related projects in development worldwide would never be finished.

Absent from the Paris talks were high-level federal representatives from Poland, Europe’s biggest producer of coal. Poland will next year become the first country to preside over the annual United Nations climate summit three times. In the past, Polish officials have said more effort should be spent on making coal cleaner rather than in phasing it out.

In the U.S., President Donald Trump has set himself up as a coal advocate. There were reports that the White House is lobbying Australia, India, and Japan on the value on long-term value of coal and natural gas.

Read the full article on coal by Eric J. Lyman at ImpactAlpha