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29 votes
Why reducing the county s dependency on coal WOULD have a negative impact on the economy​

User Urvish Modi
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2 Answers

25 votes
25 votes

Answer:

Coal mining also has a negative impact on the trade balance, exchange rate, and the growth of other sectors, particularly when commodity prices decrease.

Step-by-step explanation:

The coal industry asserts that continued investment in coal is needed to grow developing economies and combat poverty. The logic runs that coal is necessary to provide the energy required for industrialisation, the process of structural change from an agrarian society to one based primarily on manufacturing. Historically, industrialisation has enabled some countries to rapidly increase economic productivity, employment and income levels. The consumption of coal and other fossil fuels for industrialisation, however, is a major cause of global warming. A shift away from coal is necessary for climate protection.

User Sreejesh Kumar
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22 votes
22 votes

Answer: negative impact on trade balance, exchange rate, and the growth of other sectors

User SkeetJon
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