The problem is that India is building new coal power plants, which obviously cost money, which could be spend on green technology instead. So it actually makes sense to built renewables in India, use the money to be spend on coal power plants for that kind of stuff as well and maybe be a bit slower with the US coal exit.
Other then that the global coal situation is not that bad. China makes up 55% of global coal consumption. Europe and the US are consuming less every year. Besides China only Vietnam, India and Indonesia are building meaningfull numbers of new coal power plants. So currently there is quite a bit of pressure to stop those three countries from building more and hoping China sees a coal industry crash, due to maybe economic problems. That could kill global coal.
The problem is that India is building new coal power plants, which obviously cost money, which could be spend on green technology instead. So it actually makes sense to built renewables in India, use the money to be spend on coal power plants for that kind of stuff as well and maybe be a bit slower with the US coal exit.
Other then that the global coal situation is not that bad. China makes up 55% of global coal consumption. Europe and the US are consuming less every year. Besides China only Vietnam, India and Indonesia are building meaningfull numbers of new coal power plants. So currently there is quite a bit of pressure to stop those three countries from building more and hoping China sees a coal industry crash, due to maybe economic problems. That could kill global coal.