Is the coal industry economically worthless?
A report released on April 24 by the Australian coal industry, Adding value to the Australian Economy, unsurprisingly documents only one side of the ledger. It is perhaps more surprising that this one-sided report has some academic imprimatur, when review of the international literature reveals a very different picture.
The complete picture shows coal is expensive. The cost of legacy coal assets may appear cheap to the consumer but the community pays the true cost in many other ways; this article details the health costs.