Economists are predicting Australia's thermal coal exports to plummet faster than expected due to falling demand across Asia that appears permanent and irreversible.
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| Industry figures predict a rosy future for coal, but a new report says otherwise. |
A study by the Institute for Energy Economics and Financial Analysis (IEEFA) found Australia's top four export markets — China, Japan, Taiwan and South Korea — were shifting rapidly to renewables.
The study found New South Wales, the source of nearly 70 per cent of thermal coal exports, should brace for disruption in energy markets.
Read the story by Greg Miskelly from The Age - “Demand for Australia's thermal coal exports to be dire in future, IEEFA report warns.”
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