Why coal has to go | Business Spectator - 0 views
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John Pearce on 27 Jun 13"Australia is belatedly waking up to the implications of the carbon budget, although the concept has been around for years. It simply says that if the increase in global temperature resulting from human carbon emissions is to be contained to a level which will prevent dangerous climate change, the world, henceforth, can only afford to emit a limited amount of greenhouse gases. According to the latest science, that limit will be exceeded if we burn more than 20 per cent of the world's proven coal, oil and gas reserves. This is confirmed in recent reports from the International Energy Agency and Australia's Climate Commission."