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New Chinese coal mine wipes out the savings from Australian Carbon Tax

A new coal mine in China, in Xinjiang Uygur being developed by Peabody Energy will produce almost as much CO2 as the CO2 emissions saved by Australia’s Carbon Tax.

Peabody Energy Corporation are to develop an open cut coal mine that will produce 50 million tonnes per year of coal. This coal burnt in power stations (or anywhere else) could produce up to 142 million tonnes of CO2 annually. (the exact amount depends on the type of coal). Thats 142 million tonnes per year of extra CO2 from just one coal mine, versus the 160 million tonnes saved with an Australian Carbon Tax.

Of course the Greens want to close down Australian coal mines.

Just one coal mine in China wipes out the efforts in Australia costing billions of dollars and hurting millions of Australians.

 

142 million tonnes of CO2 per annum from just one coal mine in China

 

 

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