From John Stewart, ABC TV Lateline, "India unlikely to be able to afford Australian coal", 5 May 2014: http://www.abc.net.au/lateline/content/2014/s3998410.htm:
"KERRY BREWSTER, REPORTER: As China's demand for coal slows, exporters are looking to energy-hungry India, seen as a vital future market for Australia's massive reserves.
TIM BUCKLEY, INSTITUTE OF ENERGY, ECONOMICS AND FINANCIAL ANALYSIS: The Indian market's critical to the outlook for Australian thermal coal exports.
KERRY BREWSTER: The former managing director of Citigroup equities research Tim Buckley predicts Australian coal will be priced out of the Indian market.
TIM BUCKLEY: The critical issue is the price of renewables is coming down so fast that it is now at parity with imported coal when you're looking at the delivered wholesale cost of electricity in India. Solar has come down 65 per cent in the last three years. We would forecast that it will continue to come down 10 per cent or so per annum for the next three to five years. And so over the next three to five years, it will actually dramatic undercut the market for imported coal-fired generation.
KERRY BREWSTER: Tim Buckley's findings are published by the Institute for Energy, Economics and Financial Analysis, a US-based group funded in part by the pro-renewables Rockefeller Family Fund."