The Australian Minister for Climate Change and Energy Efficiency, The Hon Greg Combet AM, MP, appeared on TV last night – interviewed on the ABC flagship current affairs program the 7.30 Report.
About two thirds of the way through the presenter Leigh Sales asks him
“Australia is heavily dependent on coal production. The Australian Coal Association released research yesterday showing that none of our competitors in coal production are applying carbon taxes or emissions reduction schemes. So, is a carbon price going to put Australia at a competitive disadvantage?”
The Minister replies – “No, it will not. ….” and you can read the transcript – then he says -
“On the coal industry specifically, at an example of a $20-per-tonne carbon price, the average liability for each tonne of coal mined in our economy for its methane emissions would be about $1.60 per tonne, and that’s in a context where steaming coal’s selling for more than $120 a tonne and coking coal in particular’s selling for more than $320 a tonne.”
I am puzzled at this reference to the methane and the pretty small number of $1.60. Does anybody know what he was driving at – unless it was just to utter a small number ?
I thought it worthwhile linking my chart again which shows Australian emissions have flattened off anyway – while those for China are just booming on skywards
…making anything we do irrelevant.