Even discounting climate change, coal is less cost-effective for the developing world. A well-financed leap to renewables is the way forward
Around the developed world, the age of coal is drawing to a close. Coal-fired power plants are closing down just about everywhere. They are being replaced by renewables and gas-fired plants, or rendered unnecessary by improved energy efficiency. Some jurisdictions, including Ontario in Canada and Schleswig-Holstein in Germany, are already coal-free.
Source: Guardian Environment