Climate Change Summit, Durban, South Africa
by Andrea Palframan, Watershed Sentinel
At a Greenpeace hosted panel called "The dirty truth about coal" delegates to COP 17 learned the true cost of the world's reliance on coal.
South Africa's industries rely on access to cheap coal. This is enabled by coal subsidies; in 2009, industry was funded to the tune of 312 billion dollars. Apartheid-era Special Pricing Agreements remain in place, giving BHP Biliton and Anglo American Corporation the world's cheapest electricity ($0.02 per kiloWatt hour), about 1/8 what ordinary households pay.