Cheap coal threatens NSW renewable energy development
The Nature Conservation Council is opposing NSW Government's plan to provide cheap coal to electricity generators.
The $1.3 billion coal mine will supply electricity generators owned by the state with coal at just $35 to $40 a tonne, substantially below the export market price of $60 to $70 a tonne. The Nature Conservation Council says it is an artificial subsidy for polluting coal-fired power generation, according to Energy Matters.
According to Nature Conservation Council of NSW Chief Executive Officer Pepe Clarke, the government subsidy of coal prices threatens the uptake of clean, renewable energy sources such as solar power and would distort energy markets.
"The $1.3 billion would be more wisely invested in making NSW a world-leader in innovative, low emissions power generation, driving economic growth through new jobs and export opportunities for the state", said Mr Clarke.
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Tags: cheap coal to electricity generators
