Is coal as a main power source on its way out?

"Coal prices are jumping because the fastest-growing economies rely almost exclusively on the stuff. China’s electricity demand, met almost entirely with coal, turned it into a net importer late last year. Its voracious steel mills are shattering prices for the high-grade coking coal that stokes furnaces.... show more "Coal prices are jumping because the fastest-growing economies rely almost exclusively on the stuff. China’s electricity demand, met almost entirely with coal, turned it into a net importer late last year. Its voracious steel mills are shattering prices for the high-grade coking coal that stokes furnaces. Chinese officials have already signaled they’ll have a 20% coal-supply shortfall this year. (India is also under-supplied.)"

"Climate-change legislation, supported by the three remaining presidential candidates, will eventually put a price on carbon emissions, further raising the cost for coal-fired power generation."

http://blogs.wsj.com/environmentalcapita...

So not only is coal facing a hit from inevitable carbon emissions legislation, but high demand from countries like India and China are driving the price way up.

What do you think - are coal's days as our main power source numbered?
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