Does Lenz's law obey the law of conservation of energy?

Lenz's Law states that, when you induce a current in a wire via a changing magnetic field, the current flows through the wire in such a direction so that its magnetic field opposes the change that produced the current. read more

Lenz's Law is consistent with the Principle of Conservation of Energy because when a magnet with N-pole facing coil is pushed toward (or pulled away from) the coil, there is a increase (or decrease) in magnetic flux linkage, resulting in an induced current flowing in the cell, according to Faraday’s Law. read more

The explanation we give for the above (2nd paragraph) phenomena is the law of conservation of energy. Now, suppose that the opposition is not offered in the above phenomena and the south of the magnetic field produced by the induced current is towards the north pole of magnet. read more