Ep 214: Resources, Wealth, Technology, Error Correction and Knowledge Creation
ToKCast
00:00
Exploring High Energy Costs and Resource Abundance in Countries
Many countries, including Australia, struggle with high energy costs affecting vulnerable groups like pensioners. Despite abundant natural resources like coal reserves in countries such as Australia and the United Kingdom, energy prices remain high. In contrast, countries like China, India, and Russia, with active coal mining and coal-fired power station development, have significantly lower energy costs. The disparity in energy prices between countries highlights deliberate actions and policies shaping energy costs globally.
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