The Australian economist, Philip Soos, tweeted -
" If all the negative externalities from coal were internalized, it would have been so expensive and hence eliminated a long time ago. It's only due to this huge subsidisation that it still exists, and conservatives want to subsidise it even more. "I guess that's because they can make a lot of money out of it, but if the subsidy is for the general public, like for education and healthcare, then that's 'socialism' and 'that's no good'. You can't butt the market, they say.
A major climate report will say coal-generated electricity must be phased out globally by 2050 if the world is to avoid the most catastrophic impacts of global warming, including the total destruction of the Great Barrier Reef.
The report prepared by the United Nations body for climate change, the Intergovernmental Panel on Climate Change, distils more than 6000 scientific references – including those from Australian researchers – and will outline the impacts of global warming of 1.5 degrees above pre-industrial levels.
The IPCC releases reports regularly, but the latest version – due out at midday on Monday – has been billed as one of its most controversial in recent years because it is expected to call for swift, unprecedented cuts to greenhouse gas emissions.
The Age
1 comment:
“He said that the United Nations was a terrorist and communist run organization.”
The UN is not run by communists, but it is indeed run by terrorists (i.e. by the U.S. government).
Regarding coal, it is already a dying industry. It’s filthy, it gouges the countryside, and it’s been largely replaced by cheaper forms of energy such as natural gas. Plus, demand from China has cratered. And big coal companies borrowed so much money to acquire smaller companies that they couldn’t pay their debts, and had to shut down.
Coal burning caused the infamous London “pea soup” sulfur dioxide smog of the mid-1800s to the mid-1900s. In 1952 the smog killed 4,000 people over a couple of days, plus another 8,000 in the following weeks and months.
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