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Commodities

In ironic twist, drive for clean energy creates Asian coal boom

Public outcry over dirty fuel overshadowed by power needs of growing economies

JAKARTA -- Coal, one of the world's most polarizing commodities, has now become an Asian irony. Efforts to curb use of the so-called black diamond in the West have been a boon for coal companies in the East, more so now that the benchmark price for thermal coal exceeded $120 per ton in July, the highest since 2012.

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