I am very intrigued with the Anvil Hill case.
A landmark legal judgment in Australia has thrown the country’s huge coal industry and many other major projects into uncertainty, thanks to growing concerns about climate change. A court in New South Wales, the most populous state in Australia, has ruled that business and industry must consider the global warming impact of large developments.
The Australian Financial Review reported that (not available online), green fees of carbon costs suggested by the Stern Review of $85 per tonne would make the proposed mine costly and would not be financially viable to sell coal.
I think it is important to understand the downstream effects of products and coal being one major producer of CO2, it is important to understand that.
I always would like to look at both costs and benefits of everything. What is the benefit of coal? Ofcourse; energy which powers the world. What is the cost? The increasing greenhouse gases which created climate change and its negative impact.
What are the alternative options? Coal from other countries. Nuclear power, but not for sometime. Other alternative energies? May be.
But what are the costs of not using this coal in the meantime?
Atanu Dey once told me the importance of energy. He explained to me the rise of the modern world due to the cheap availability of oil.
It’s almost like, “If you give me enough energy, I can change the world”.
Now, Imagine a world without electricity. According to the US Dept. of Energy, Worldwide, some 2 billion people are currently without electricity.
Look at the following image from the ‘German Advisory Council on Global Change’.
Now think about this.
We can stop this coal mine from starting but what about the 2 billion people with-ought electricity in India, China, Africa and other parts of the world? How many lives are being lost because we do not have electricity? Imagine the standard of living without energy?