Story perspectives

Coal Executives Ignore Declining Prices, Embrace Obsolescence

10/28/2025

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Summary

Story summary

Coal executives say renewables threaten the industry, but they overlook falling coal prices and rising extraction costs.
In early 2025, Indonesia's coal exports fell 12% year over year as China and India cut imports.
Despite profits in 2022 and 2023, coal companies expand production rather than invest in renewables.
Indonesia's government aims to accelerate clean energy deployment, which puts pressure on coal firms.
Coal firms must adapt to avoid obsolescence.

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Story summary

Coal executives say renewables threaten the industry, but they overlook falling coal prices and rising extraction costs.
In early 2025, Indonesia's coal exports fell 12% year over year as China and India cut imports.
Despite profits in 2022 and 2023, coal companies expand production rather than invest in renewables.
Indonesia's government aims to accelerate clean energy deployment, which puts pressure on coal firms.
Coal firms must adapt to avoid obsolescence.