Economic Times: The coal advantage that India and China have, would be offset by global warming concerns over the usage of the cheaper fossil fuel. According to a report by Standard & Poors, China accounts for 40% of total world coal usage and has already overtaken the US in carbon emissions as a result. The report says India and other emerging Asian economies have an advantage that they depend more on coal and less on oil. “Although liquids are 37% of world energy production, they are only 29% …