
With oil costing close to $100 a barrel, and most imported Asian coal about $120 a ton, fossil energy costs are crippling emerging economies in Asia and Africa. Although renewable alternatives are far less costly than they were even two years ago, they still can't match the cheap coal and oil that Asia and Africa had counted on.
Source: http://www.renewableenergyworld.com/rea/news/article/2012/06/cheap-coal-is-dead-long-live-renewable-age-part-2?cmpid=rss
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