Australia’s role in the outlook for world energy

China coal

By the cheers, you’d think that the joint US-China announcement on climate change meant that it was mission accomplished. Job done. Sea level rise, ice melt, crop failure and natural disasters averted.

Of course, it’s nothing of the sort. It’s only the first step on a long, difficult road to fixing climate change. The significance is that they’ve taken that first step. After years of squabbling about who should go first, the USA and China have linked arms and tentatively made a start together.

A quick look at the World Energy Outlook, released this week by the International Energy Agency, illustrates just how rocky that road will be…

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