Boston, MA 09/29/2014 (wallstreetpr) – A private sector coal company, Peabody Energy Corporation (NYSE:BTU) has recommended increased usage of advanced coal to fight energy disparity and also improve emissions. The company was responding to a heightened discussion on climate and carbon during the week.
UN’s Millennium Goal
Peabody Energy Corporation (NYSE:BTU) said that the United Nations’ over a decade-old Millennium goal called for speedy measures to bring down extreme global poverty to half by the year 2015, its statement revealed. Currently, an estimated 3.5 billion were not having sufficient energy access representing 50% of the global population. Still, billions of people in Sub-Saharan Africa and South Asia use biomass or wood as fuel to heat dwellings or cook meals.
As far as health effects, the smoke from everyday indoor fire was undoubtedly devastating and having its effects on the people. Air pollution from household indoor fires was estimated to be the fourth biggest cause of death globally.
Peabody Energy Corporation (NYSE:BTU) pointed that over four million people die every year through indoor air pollution due to energy disparity around the world. Therefore, he called for urgent remedial measures to address the concerns about carbon.
Peabody Energy Corporation (NYSE:BTU) said that the energy disparity has led to human suffering since vaccines could not be kept in cold, poor electricity in hospitals, lack of refrigeration spoils food, and water could not be purified apart from the poor sanitation effects.
Management Comments
Peabody Energy Corporation (NYSE:BTU) Chairman and CEO, Gregory Boyce, said that the time has come to recognize energy poverty as a very serious issue that the world current faces and rejected climate alarmism preventing solutions for accessing energy to improve longevity and quality of millions of citizens’ life throughout the world.
He said that there was a need for supporting initiatives to offer bountiful low-cost electricity for the billions of people around the world, who are in the dark currently. He pointed out that it was an encouraging sign that some nations have started to realize the poor carbon policies impact even as the policy makers were considering long-term energy options.
