by Tilak Doshi, June 7, 2019 in Forbes
The reigning narrative of impending global environmental catastrophe dominates the airwaves and print media. Short of a drastic reduction in the use of fossil fuels, it is asserted, we are fast approaching the “end of days”. The demonization of fossils fuels in general, and coal in particular, has been wrought under pressure from special interests groups and organized lobbies of the climate-industrial complex where aspects of economic reality are caricatured or presented out of context. Complex trade-offs in energy policy are spun into tales of spurious simplicity, leading to misleading conclusions. Nowhere is this more apparent than in the debate over the role of coal-fueled power generation in Asia.
Opposition to the building of coal power plants in the poorer countries has been justified by environmental activists, banks and multilateral development agencies such as the World Bank in two key ways. The first revolves around the claim that climate change mitigation programs carry “co-benefits” for public health in developing countries. The second utilizes the assertion that renewable energy such as solar and wind power are effective substitutes for centralized grid electricity generated by fossil fuels.
Climate change policy does not help the poor