With a debate between whether coal industry will sustain its stance in the global energy market, ranking third with a 27% share, or will it fade away given the rising movements towards decarbonization, it was thus deemed important to tackle the details of this business. Climate change and human rights topics are making their way to news headlines, more frequently lately, and their relevance to the coal industry couldn’t be ignore. Given the industry’s nature and with the current trends towards environmental conservation and human rights awareness campaigns, coal industry is facing various challenges which will definitely affect involved companies’ financial status. Throughout this white paper, IdealRatings, Inc. will go in depth in the coal industry; from basic definitions, to formation & mining processes, types and global geographical presence. Potential ESG and financial risks will also be highlighted. Renewable energy still seems to be the normal possible alternative, though a clear plan has to be set by companies towards gradual shifting in its business model and plans.
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