Carbon price & gas

Gas emits under half the carbon dioxide per hour of electricity
produced. This is in addition to the other
environment advantages vis-à-vis coal, such as
the far lower levels of particulates and noxious
gases emitted upon combustion.

Therefore, if a carbon tax were introduced
at, say, $40 per tonne, then even at today’s lowly
thermal coal price of $60-70 per tonne, gas
would remain competitive at a price of $7-8. This
is broadly the price required for the future
economic development of much of the
undeveloped resources targeting Asian and
European end markets.