Aussie Coal Miners are demanding compensation within the occasion that Internet Zero 2050 is asserted – with that?
Guest contribution by Eric Worrall
Coal miners demand handouts when $ 50 billion-a-year export revenues are closed, coal-fired power plants are given handouts to stay open to stabilize the grid, renewable energy operators demand handouts and special treatment to build more renewable energy. A question nobody asks, where is all the money going to come from?
“We don’t want to be collateral damage”: Concern about the coal countries grows when the climatic reality arrives
from Maeve McGregor
August 30, 2021 – 5.00 a.m.
Mark Richards worked at the Hazelwood coal-fired power plant in Victoria’s Latrobe Valley for more than 25 years until it closed in 2017.
Richards said the majority of his co-workers, family and friends recognized the reality of climate change. But they also feared that job losses and economic sacrifices would increasingly burden them with the “heavy burden” of climate change.
The survey of 15,000 Australians, commissioned by the Australian Conservation Foundation, was conducted in July by research firm YouGov to see if voters think Australia should do more to reduce carbon emissions.
The results suggest that Australians overwhelmingly believe that the federal government is doing too little to combat climate change.
Mr Richards said federal and state governments need to ensure that there are “real replacement industries” for people who would lose their jobs due to the closure of coal-fired power plants and mines.
“We need bipartisan support for climate policy that includes taking into account jobs for communities whose livelihoods have been displaced by climate change,” he said.
Read more: https://www.smh.com.au/environment/climate-change/we-don-t-want-to-be-collateral-damage-coal-country-concerns-grow-as-climate- reality-hits-20210829-p58mvw.html
Only an economically illiterate person could believe that Australia could afford to cut coal abruptly right now. With 11% of export earnings, coal is an important pillar of export earnings that keep our currency afloat.
So why should globalists want to damage Australia’s export revenues so badly?
The answer, in my opinion, is very simple – it’s a smash-and-grave raid on Australia’s natural resources.
Australia produces 37% of the world’s iron ore, more than double that of our closest rival, Brazil.
Iron ore is currently very expensive compared to its July high, but still near the top of historical price ranges. One of the reasons China is so interested in Afghanistan is that Afghanistan has one of the few large undeveloped iron ore deposits in the world and, for China, this glittering heap of mineral resources is just across the border. But to say that China is having great difficulty exploiting Afghanistan’s iron ore resources would be an understatement.
The dismantling of the Australian coal industry could be an immediate avenue to bring down the global price of iron ore.
First, a collapse in coal exports could destabilize the Australian currency and lower the real value of Australian miners’ wages.
Second, the collapse of the Australian coal export industry would bring a significant number of skilled coal miners to the market who would compete with the workers currently employed in the iron ore and other mining industries, which would continue to depress mining wages.
Third, if government resource revenue is disrupted, Australia could face greater difficulty servicing foreign sovereign debt – especially as everyone involved is demanding more grants from the Australian government. Debtor countries in distress are more willing to make sacrifices, such as closing very cheap deals with foreign mining companies in exchange for renegotiating their debts.
Of course, if renewable energy advocates managed to build a business of exporting green hydrogen or whatever to compete with Australia’s coal exports, that would completely change the dynamic. But that’s all talk so far. The renewable energy industry apparently expects the Australian government to sponsor the industry, which if you translate the PR gibberish, likely means they want even more handouts.
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