The Politics of War on Coal. Drunken Risibility.

Coal is deemed to phase out, but the transition is going to be a slow process – an evolution/devolution simultaneously, and would be dependent largely on market conditions, for its the latter that could act the slug to phasing out. War on Coal is a political line that needs to be tread carefully for it lies on a liminal threat to slip either side, viz. war on coal as a source of energy, or war on coal as a policy to be implemented calling out for phasing out. This political line ceases to trudge the moment markets start dictating priorities as is evident in the case of the largest Sovereign Fund (Norway), or even in the US where phasing out, clauses repairment to economic-employment-geologic depression, the costs of doing which are astronomical, and thus revoking any such decrees is a trap onto eating a little bit of crow.


Incisively how the public money is channeled from source to destination in the journey of coal needs to be looked at in-depth, for mere hedging such a source would be an economic disaster rippling into sociological/ecological stalemate. Coal is cheap and dirty without doubt, but it becomes burdensome due to a host of factors, the chief among which is financialisation of it. By this is meant capital taking on garbs, which we honestly are not too equipped to understand, but equally adept at underestimating, for every ill is a result of economic liberalisation or neoliberalism (right?, pun intended!), the latter of which I personally detest using, since economies have long transcended the notion.
Please find attached the Fund’s annual report and coal criterion.

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