The global energy system is currently undergoing a rapid transition, with profound consequences for the fossil fuel industries, perhaps most notably the one with the highest greenhouse gas emissions -coal. Having played a major role in recent decades, especially in rapidly growing emerging economies such as China and India, coal is being phased out across much of the world, as its environmental and health impacts have become prohibitively costly while its supposed economic advantages are

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... disappearing as its relative affordability is undermined by the falling cost of renewable energy in many parts of the world (