More than two-thirds of the world’s coal supply is now in Asia and South America, but the world needs coal to meet demand, a new report by the World Resources Institute said.
In an article entitled The truth is not always the most powerful weapon, the World Resource Institute said the world should focus on creating jobs in areas with the lowest unemployment rates.
In India, the country with the world number one coal production, there is still a significant unemployment rate in rural areas.
It’s not just in the country but also in the surrounding regions, it said.
More than two thirds of the coal in the world comes from Asia and Latin America, and the report found that this is the most important resource.
“Coal, once a scarce resource, is now one of the most valuable commodities in the history of the planet,” said World Resources President Michael Brune.
“The world has to rethink the way it looks at coal and how it’s managed,” he said.
He said coal companies had been slow to adopt new technologies, including renewables and electric vehicles.
He also said the use of fossil fuels and increased reliance on nuclear power was driving the rise of greenhouse gas emissions.
He warned that the climate was warming and that the world was not doing enough to reduce emissions.
“Global emissions are expected to reach 9.5 billion tonnes of CO2 equivalent in 2050, an increase of about 3.5 per cent from 2010,” he wrote.
“These are projected to be far higher than the 3.1 billion tonnes emitted in 1990 and 1.4 billion tonnes in 2005.”
He said climate change had contributed to the increase in the number of people living in poverty, with about 5 billion people now living in extreme poverty.
“There is no silver bullet for alleviating poverty, but there are several things we can do, he said, including investing in education, healthcare, sanitation, and energy efficiency.”
“This can also be achieved through reducing poverty, and investing in the most vulnerable sectors of society,” he added.
The report said the majority of coal reserves were in China, which had the second-largest coal reserves and accounted for more than two per cent of global coal consumption.
It said China’s coal use was at the highest levels since the 1960s.
China also exported more coal than any other country, accounting for nearly three per cent.
In Latin America and the Caribbean, it was India, South Africa and Australia that accounted for the second most coal exports.