Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
Spain will close most of its coal mines by the end of the year after government and unions reached a deal that will see €250 million invested in mining regions over the next ten years, The Guardian reported today.
Pedro Sánchez’s new administration reportedly moved quickly on environmental policy, killing a controversial solar industry “sunshine tax”, and announced a national climate plan will be launched in November.
The mining deal covers Spain’s privately-owned pits, and mixes early retirement plans for miners over 48, environmental restoration initiatives and re-skilling plans for green industries.
Over 1,000 miners and subcontractors will be out of work when 10 pits close by the end of 2018. Many of the sites were uneconomic, and the European Commission provided over €2 billion in aid to keep some of the sites open temporarily.
About 600 workers in Spain’s northern mining regions – Asturias, Aragón, and Castilla y León – will be able to benefit from social aid under the scheme, while approximately 60% of the miners may opt for early retirement.
Spain’s coal industry employed more than 100,000 miners in the 1960’s, but its energy dominance was eroded by cheap imports and the industry’s environmental, health and climate costs. National coal provides just 2.3% of Spain’s electricity, the Guardian reported.
In 2016, 23,000 early deaths in the EU were reported from coal-plant pollution.
2 Comments
David Boyd
23,000 deaths reported by the UN? Yeah that figure would have about as much factual basis as all the political nonsense in the latest IPCC Climate Manifesto, i mean Report.
bjoe244
Fake news MINING.COM??? “23,000 early deaths in the EU were reported”: a journalist should have known the difference between the term “reported” and the term “claimed”. Especially if the claim originates from a black propaganda site.