Highlights • A high-resolution coal market model develops regional insights into investment risks • By 2040, one-third of the current mining capacity risks becoming stranded assets • China benefits the most, whereas Indonesia and Australia lose the most from coal phase-out • Over 2.2 million jobs would suffer from early mine closures in the sustainable scenario Summary Coal is at a crossroads, with divestment and phase-out in the West countered by the surging growth throughout Asia.
