01 July, 2015

China's announcement troubling for Australia's coal industry


C

hina’s announcement that it will stop the rise in its carbon dioxide emissions within the next 15 years must be somewhat unsettling for Australia’s coal industry.

Australian coal plays a large role China’s carbon dioxide emission levels and if they are to stop them within 15 years that either means using far less coal or learning about and employing an effective carbon and capture storage process.

The announcement that China would stop the rise in its carbon dioxide emissions by 2030 was included in the release of its strategy for the United Nations Paris summit later this year.

The ABC reports: “In a plan that largely mirrors commitments Beijing made in a joint US environment agreement last year, the world's biggest greenhouse gas emitter said it would try to curb its carbon emissions before a 2030 target.”

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