Renewable Power is the key to the Hunter Valley transition

Push for high energy users to source electricity from renewable sources: A new research project aims to identify opportunities for the Hunter to transform into a diverse renewable energy-based economy.

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Thermal coal spot price tumbles 25 per cent, putting pressure on some producers

The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in demand and a fundamental global shift to renewables.

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While the world looked the other way, corporate giants abandoned coal

Can we deal with a pandemic and global warming at once – both urgent, one an immediate hit, the other a decade-long burn? Well, yes, because – even with front pages dominated by COVID-19 – last month saw an astonishing concentration of decisions by international corporates to ditch carbon. And they slipped by, with the world looking the other way.

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IEEFA update: The renewable energy transition is coming to Asia

The US–China trade war and COVID-19 have massively impacted coal financing

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Coal's price collapse threatens Australian mines

Almost 60 per cent of the world's thermal coal and more than 30 per cent of Australian thermal coal is unprofitable at current prices, creating a horror backdrop for the long list of miners and ports seeking to refinance debt this winter.

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Grattan Institute report says the Hunter has an historic opportunity to become part of a multi-billion dollar export-focused manufacturing sector.

"The Hunter region deserves a better strategy than just hoping that demand for coal will continue Indefinitely," Tony Wood, Grattan Institute 

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Australia has an opportunity now to invest in the climate future

University of New South Wales Professor Jeremy Moss has taken a close look at the conservative federal Liberal-National government’s fossil fuel subsidies in the climate of COVID-19.

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South Korea is on track to set a 2050 carbon neutrality goal

Seoul is to set a 2050 net zero emissions goal and end coal financing, after the Democratic Party’s landslide victory in one of the world’s first Covid-19 elections

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Doubling down on utility-scale renewables Solar and wind continue to attract investors as fossil fuel assets fall

IEEFA update: Amid the global economic crisis, utility-scale wind and solar continue to be seen not just as a long-term investment but one for the near term as well. 

 

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Is this what the Hunter's coal miners can expect: locked gates, no retraining, no alternative economic strategies...?

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Coronavirus threat to coal exports, industry viability

Daily Mercury, 6th March 2020 - REPORTS this week indicate that air pollution in China has declined to a record low. Far less coal, gas and oil is being burned after travel restrictions and factory shutdowns as a result of the coronavirus epidemic.

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What is the future of Hunter mining and its 13,000 direct employees?

What is the future of Hunter mining and its 13,000 direct employee?

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Port of Newcastle 'clearly sees the risk' ahead for thermal coal

PORT of Newcastle's push to diversify from an over-reliance on thermal coal shows it "clearly sees the risk" and warning signs from Australia's biggest coal export destinations including Japan, said a leading energy finance analysis group.

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Germany is shutting down its coal industry for good, so far without sacking a single worker

Deep underground in Germany's Ruhr valley, Uwe Seeger plunges a drill into the black earth just as thousands of coal miners in this region have done before him.

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Capital flight from thermal coal is accelerating

IEEFA Update: Global capital flight from thermal coal and the coal-fired power sector is already at a canter in 2020.

BlackRock’s January announcement of its divestment from thermal coal is huge, and an unexpected move by this global giant (US$7 trillion assets under management (AuM), given the asset manager’s entrenchment as a climate action laggard.

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Port of Newcastle appoints Ross Cadell to advocate for Hunter economic diversification

Newcastle local and former NSW Nationals State Director Ross Cadell has joined Port of Newcastle at a critical time for the diversification of the Hunter economy and its international trade gateway. Mr Cadell begins as Special Projects Director on 3 February, leading the political and regional stakeholder engagement efforts as the Port works alongside all levels of government to advance key infrastructure projects that will future-proof the local, state and national economies.

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A fast train from Newcastle to Sydney could help the Hunter's economic transition

The former prime minister spoke up this week, calling for a fast train between Sydney and Newcastle.

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Hotel mogul launches solar farm in coal country

Multimillionaire cosmetic surgeon and Australia’s largest private hotel owner Jerry Schwartz has embarked on a new project – a $10 million solar farm in the NSW Hunter Valley.

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Billions of dollars worth of large-scale renewable energy are in the pipeline across the Hunter

The Hunter Region is fast becoming a powerhouse for large-scale renewable energy projects that will help drive the region's transition from coal to a low-carbon economy.

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What's the plan for Mudgee for the coming decades?

What will the Mudgee region do after mining?

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