Coal to fuel Australia's future
Sunday, 1 November 2009
BRISBANE, Oct 31 (Commodity Online): After cricket, what is the most important thing which helps Australia become a global leader? That is coal. And, according to a study, coal will be the most important driver of Australia's development in the coming years also. The country has the largest stocks of coal in the world.
According to a multi-disciplinary study released by University of Queensland, 'Coal and the Commonwealth', continued robust use of coal and broad deployment of clean coal technologies is crucial for Australia's energy and economic future.
Coal has shaped Australia's history and is essential to its prosperity, creating 20 per cent of the nation's mineral wealth, 81 per cent of its electricity and the largest coal export platform in the world.
The study presents findings of UQ experts from a number of disciplines, including mechanical and mining engineering, chemical engineering, history and economics. Commissioned by Peabody Energy, the study analyses the historical, social and economic contribution of Australia's coal and outlines the importance of Australia's leadership in advancing carbon technologies.
"Australia's coal drives the next generation of improved lifestyles, economic stimulus and technology advancement toward near-zero emissions," said Peabody Energy chairman and chief executive officer Gregory H Boyce.
According to a multi-disciplinary study released by University of Queensland, 'Coal and the Commonwealth', continued robust use of coal and broad deployment of clean coal technologies is crucial for Australia's energy and economic future.
Coal has shaped Australia's history and is essential to its prosperity, creating 20 per cent of the nation's mineral wealth, 81 per cent of its electricity and the largest coal export platform in the world.
The study presents findings of UQ experts from a number of disciplines, including mechanical and mining engineering, chemical engineering, history and economics. Commissioned by Peabody Energy, the study analyses the historical, social and economic contribution of Australia's coal and outlines the importance of Australia's leadership in advancing carbon technologies.
"Australia's coal drives the next generation of improved lifestyles, economic stimulus and technology advancement toward near-zero emissions," said Peabody Energy chairman and chief executive officer Gregory H Boyce.