Re:BlackRock’s decision to dump coal signals what’s next
by flukus on Thursday January 16, 2020 @06:57PM
(#22070435)
Imagine what we could do with just a 1% export tariff and funneling that money into renewable energy sources. At 10% we could invest in renewable energy projects in other parts of the world.
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Re:BlackRock’s decision to dump coal signals what’s next
by gridlockd on Friday January 17, 2020 @05:31AM
(#22073511)
Don't let your imagination run wild, just do the math. Coal exports are on the order of $50 billion[1], 1% of that is $500 million.
Meanwhile, the money already going into renewables is on the order of $15 billion per year (for the past two years)[2].
[1] https://en.wikipedia.org/wiki/Coal_in_Australia#Production,_...
[2] https://www.news.com.au/national/federal-election/almost-30-...