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Australia’s NSW coal export market facing “Terminal Threat” - IEEFA

Coal News - Published on Mon, 05 Nov 2018

Image Source: Investing News Network
A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) indicated that coal exports from Australia’s New South Wales (NSW) will face an inevitable, long-term decline. The report, “New South Wales Thermal Coal Exports Face Permanent Decline: Grim Outlook Prompts the Need for a Planned Transition,” showed that new coal plants in major Asian markets had seen a 74 percent decline since 2015.

According to the report, Japan, China, South Korea and Taiwan—which make up Australia’s largest thermal coal export locations—have all introduced policies to reduce thermal coal consumption in exchange for renewable energy development opportunities.

Report co-author and IEEFA director of energy finance studies Tim Buckley said in a press release “Thermal coal exports out of the Port of Newcastle peaked three years ago and are now set to decline. Going forward we will witness a permanent, terminal decline as Asian markets continue their technology-based energy transition towards cheaper more sustainable renewables.”

Source :

Posted By : Rabi Wangkhem on Mon, 05 Nov 2018
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