The Price of Quitting Coal
Recently, Germany announced its plans to spend $44.5 billion to quit using coal by 2038. The money is meant to be used for compensating the workers, the companies, and the coal producing states. Right now, Germany is one of the largest emitters of greenhouse gases, and has been taking steps towards leaving the fossil fuel industry, working to reduce its carbon footprint. Renewable energy resources have started becoming cheaper and more people have become aware of the impact of the pollution due to power plants that use coal for fuel.
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This plane made by Germany has sparked criticism from environmental organizations feeling that the plan is too slow and not using renewable energy resources quickly enough. However, there are still some parts of the world, like Poland and the Czech Republic, that heavily rely on and continue to use coal. This is due to factors like it having been used for so long and employing millions globally. It is even growing in some places. China, for example, has been building more coal plants, consuming half the world's coal. And Australia, having just suffered from its wildfires, largely due to climate change, is one of the world's biggest exporters of coal and continues to dig for more.
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This plane made by Germany has sparked criticism from environmental organizations feeling that the plan is too slow and not using renewable energy resources quickly enough. However, there are still some parts of the world, like Poland and the Czech Republic, that heavily rely on and continue to use coal. This is due to factors like it having been used for so long and employing millions globally. It is even growing in some places. China, for example, has been building more coal plants, consuming half the world's coal. And Australia, having just suffered from its wildfires, largely due to climate change, is one of the world's biggest exporters of coal and continues to dig for more.
It's no wonder the world hasn't switched to clean energy when you look at the outright cost of transitioning. The narrow minded attitude people approach alternative power with needs to change to ensure a clean future.
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