Video discussion points to renewable energy displacing coal in India
VIDEO Renewable energy may trump growth in Australian coal exports to India http://www.abc.net.au/news/2014-05-06/bt-kevin-bertoli-pm-capital/5434770 Australia Network News 8 May 14 Hopes of strong growth in exports of Australian coal to the fast-growing economy of India may be dashed as cheaper alternative energy sources become more attractive.
A new report by the Institute for Energy, Economics and Financial Analysis predicts the sub-continent won’t be able to afford imported coal and it will turn instead to either its own reserves or renewables such as solar and wind.
But the report has been met with heavy criticism from Australia’s coal industry and contradicts growth forecasts by the international energy agency.
To talk about this in more detail, Whitney Fitzsimmons spoke to Kevin Bertoli, portfolio manager of Asian Equities at PM Capital.
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