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This is one reason why here in Australia our coal reserves are fast becoming next to worthless. Australian politicians understand how much income coal exports
by jussij 11y ago
This is one reason why here in Australia our coal reserves are fast becoming next to worthless.
Australian politicians understand how much income coal exports generate for Australia, but they fail to accept the fact that coal is a dying insdustry.
In an effort to sure up the future of coal, our last PM proclaimed coal was good for humanity, suggesting it would drive the use of electricity in emerging countries like India.
The reality is, to use coal in India will need the creation of new coal fired power station, it would require the building of very expensive power distribution systems and finally it would need those dwellings to be wired up to that grid in order to start buying power.
Finally, those poorer Indians would then only need earn enough money to cover that monthly electricity bill in order to stay on the grid.
Alternatively, those same households can just cut out the middle man, not sit around waiting for that infrastructure to turn up, but instead make a one payment in solar technology, which has the exact same effect of helping to lift them out of poverty.