US Climate Czar turns the thumb-screws on Australia coal
US Climate Czar turns the thumb-screws on Australia coalJoNova: Science, carbon, climate and tax / by Jo Nova / 21h
And some people wondered why I paid any attention to the US election. Apart from being the biggest political story in my life, there is that effect that US leaders have even on the other side of the world.
It’s only been five weeks since the inauguration and our largest military ally is already leaning on Australia to get out of coal fired power. To put some perspective on the size of this favour — Coal is our largest single export commodity about half the time, and most years Australia is the largest single exporter of coal in the world. We export more than 400 million tons of coal per annum. We also keep some and use coal to generate more than half our electricity. Even burning through the blackstuff like that, we still have another 300 years of supply underground. It could be very profitable stuff for another twelve generations of Australians. Or not.
So our largest trading partner is launching a trade war and acting hostile, while our largest military ally is saying they want a big favour. How much room is there for Australia to manouver?
Meanwhile last year China built three times more coal power than […]SHAREVISIT WEBSITE