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China threatens to pierce coal export bubble
China is reportedly looking to introduce an absolute cap on coal consumption from 2015. If true, the Australian government and the private sector should revisit their projections for international coal demand over the next decade or two. They could be wildly optimistic.26 -
Have our coal miners never heard of climate risk?
Perhaps the most appropriate backers of Greenpeace’s anti-coal campaign should be our superannuation funds and the government itself. The risks from a global carbon budget and technological change are growing rapidly. Even the head of Tata Power says “why invest in coal.” But our miners don’t want to know. -
Will the techno-optimists save the world?
Techno-optimism is a form of denial. That things aren’t that serious and that politically difficult change that will confront powerful vested economic interests can be avoided. Such a view is reassuring, it feels good and it fits nicely with our genetic tendency to optimism. Unfortunately, it’s also wrong.
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