Australia banned a huge South Korean-owned coal mine on concerns over long-lasting “environmental impacts” that would hurt future generations.
Korean electricity giant KEPCO proposed the mine for New South Wales’ Bylong Valley with more than 2,000 jobs and an Aus$300 million (US$205 million) boost to the economy.
But the New South Wales’ Independent Planning Commission struck the project down.
The watchdog said, “It was unfair for current generations to reap the benefits of a project that would leave the environmental costs to be “borne by the future generations.”
On the other hand, UN Secretary-General Antonio Guterres said the world was “losing the race” to avert climate disaster.
However, he said greenhouse gas reduction targets were not out of reach yet.
He was speaking during an interview with the Covering Climate Now coalition of media days before a UN youth climate summit.
Several countries are in a landmark accord pledging to limit the long-term rise in the average temperature of the Earth to two degrees Celsius over pre-industrial levels, and if possible to 1.5 degrees Celsius.