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The declining role of coal : Comments
By John Le Mesurier, published 13/10/2010Our mining industry will grow in the short term, followed by a period of stagnation and after 2020, possibly earlier, will decline.
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It is true that burning coal in power plants has minimal effect on greenhouse gases compared to the production of other greenhouse gases (about 20%). Burning natural gas can be a major waste, as natural gas can be used in the future as a feedstock for nanotechnology.
If Australia cannot resurrect its manufacturing base, then perhaps Australia could become a major carbon sink to earn carbon credits. We have vast areas that could be reforested, and I’m sure the wildlife would appreciate it (or what is left of Australian wildlife in many areas).