Does the Huge China-Australia Coal Deal Square With the Copenhagen Accord?
From the New York Times:
Environmental activists are attacking a $60 billion deal that will keep Chinese power stations supplied with Australian coal for at least the next two decades.
Under the agreement announced last week, the Australian coal and iron ore mining company Resourcehouse will build a new mining complex to give China Power International Development 30 million tonnes of coal annually for the next two decades. Resourcehouse Chairman Clive Palmer called it the “biggest-ever export contract” for Australia, which is the world’s leading exporter of coal.
But in supplying China, the world’s biggest emitter of greenhouse gases, green groups are accusing Australia of ignoring the role it plays in maintaining dirty energy economies around the world.
“It is hypocritical for Australia to on the one hand blame China for climate change and on the other hand try so hard to sell more coal to China,” said Ailun Yang of Greenpeace China. The deal, she said, “will only lock China further up in its unhealthy dependency on coal.”