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Claiming Asia's fossil fuel assets will be worthless helps no one

Full use of existing systems will make new energy shift cheaper and easier

| Southeast Asia
Smoke billows from a coal-fired power plant in Suralaya, Indonesia: Demonizing incumbent energy sources only increases costs and delays change.   © Reuters

Yuriy Humber is founder of Japan NRG, an information service on the Japanese energy market, and president of investment research company Yuri Group.

Climate activists warn that fossil fuels threaten capitalism as much as the earth. They insist that production facilities for, and power plants using, oil, gas and coal will become virtually worthless in the coming years which in turn will stress financial systems.

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