but to dig a bit deeper, who pays each cost and who benefits from the value?
who directly benefits from the value of energy:
- australian energy consumers
- australian energy producers
who pays the costs for energy prices:
- australian energy consumers
who pays the costs for australian emissions *:
- people living in australia -- 0.3% of emissions
- people living in world excluding australia -- 99.7% of emissions
* assuming each person currently alive in world has equal interest in global climate. this is pretty crude as people who arent born yet get to carry the cost too.Clearly we cant account for these shared global costs sensibly unless enough countries reach some kind of global agreement. The current australian federal government is taking a regrettable approach of self-interest and is waiting for the larger/more powerful countries to lead the way. Australia has plenty of coal to sell in the mean time.