Japan is closing its old, dirty power plants – and that’s bad news for Australia’s coal exports

Last month, the Japanese government announced a plan to retire its fleet of old, inefficient coal-fired generation by 2030. And what happens to coal power in Japan matters a lot to Australia.

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AGL forges ahead of Morrison government on Liddell coal plant shutdown

Australia's largest energy generator, AGL, has announced the first concrete steps in shutting down its Liddell coal-fired power station in the NSW Hunter Valley, pre-empting the findings of a government taskforce examining options including extending the plant's operating life.

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Call to diversify economy and depend less on mining

A NEW economic report has found regional communities are in need of support to diversify their economy so they are less dependent on mining and more resilient to "external shocks".

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A New Approach to Energy Politics

We’ve seen it time and time again, politicians smiling with workers in Hi Viz every time they want to add a spice of authenticity to their campaign. 

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Peabody Energy has announced it will scale back underground mining at their Wambo mine complex near Warkworth

Peabody Energy has announced it will scale back it's underground mining at their Wambo mine complex near Warkworth

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AGL plans to build grid-scale battery at Liddell Power Station site

Energy giant AGL plans to build a grid-scale battery at Liddell Power Station in Muswellbrook. The company has lodged a scoping report with the NSW Department of Planning, Industry and Environment (DPIE) for a grid-scale battery system to be located on the site, alongside the existing plant.

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IEEFA Report: BHP coal assets worth a billion less than just two years ago

Another global investor, the UK’s biggest public pension fund NEST, has withdrawn funds from BHP this week because the company is profiting “from digging coal”.

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Coal company succeeds in JobKeeper application as coal industry starts to buckle under price and volume downturns

COAL miners at the Bloomfield open-cut mine near Maitland have had their wages supplemented by the COVID-19 subsidy JobKeeper, mine owner Bloomfield Group has confirmed.

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Unisuper dumps coal assets as sector turns its back on fossil fuels

Two ASX-listed coal miners have been cut off the books of major superannuation fund Unisuper in another sign of the sector turning its back on the fossil fuels industry.

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Glencore to cut Australian coal production

Glencore is working on plans to slash output from Australian coal mines in response to weak prices, in a move that will reinforce the Swiss miner's reputation as the most active manager of supply and demand in global commodity markets.

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Governments must prepare communities for inevitable coal phase out, experts warn

Governments must proactively prepare workers and communities as part of a ‘just transition’ in response to an inevitable phase out of coal mines and power stations, leading energy and climate policy experts have warned.

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New study offers roadmap for coal phase-out

Coal will need to be phased out of the world's economy to meet the climate change challenge, but this can work properly only if social objectives and local stakeholders are involved in the process, an international group of researchers argue in a paper published today.

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Why world's coal regions hold the key to renewable future

By utilising these strengths, communities in coalmining areas can not only survive, but thrive in the renewable energy and zero carbon industry revolution that is already well underway as coalmining declines.

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Investors Dump Coal: In conversation with Tim Buckley and Bob Carr

A striking development has occurred in the world of corporate finance. The past few months have seen a string of corporations divest from thermal coal...

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Hunter Valley ponders a future of dwindling coal

Hunter Valley councils and unions are preparing for a future without coal but say curbs on the Port of Newcastle imposed after the privatisation of ports near Sydney and Wollongong will hold back the transition.

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Top super fund dumps coal miners as emissions cuts intensify

Australia's second-largest superannuation fund is preparing to dump its shares in companies that derive more than 10 per cent of their revenue from thermal coal mining as it embarks on the most aggressive immediate climate push of any large local investor.

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How Hunter workers can reap benefits of zero-emissions jobs strategy

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Million Jobs Plan has Hunter region focus

The Hunter chapter evocatively captures the strengths, beauty and history our remarkable region and draws on these to paint a picture of the future that is dramatically different from our present, but seems very near and very possible. 

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HESTA dumps coal, targets absolute net zero

Industry superannuation fund HESTA will divest pure play thermal coal miners immediately, reduce its emissions footprint by 33 per cent over the next decade, and dump all carbon-emitting companies by 2050.

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NSW government says 'no point' in cutting coal production as world demand will continue for decades

THE state government's new coalmining policy says there is no point in reducing coal exports for environmental reasons, and it opens up eight substantial areas for exploration in the Hunter and adjacent areas, including 178 square kilometres of state forest between historic Wollombi and Broke.

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Resources Minister says he recognises Paris Agreement, but it's full steam ahead on coal anyway

AT first glance, the state government's new "strategic statement on coal exploration and mining in NSW" looks like an attempt to navigate a middle course between the extremes of the energy debate, and to recognise the realities of the Paris Agreement.

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Miners back roadmap to reduced emissions

The lobby group representing Australia’s largest resources companies will commit to “decarbon­ising” the economy as it stares down pressure from its members to take more action on climate change.

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‘Terminal decline’: Study says coal transition not a choice

A NEW study claims thermal coal production can be phased out over the next decade with minimal distribution to workers and regional communities.

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BZE report says 50,000 sustainable jobs could be created in the Hunter

About 50,000 sustainable jobs could be created in the Hunter Region over the next five years as a result of a rapid expansion of renewable energy-based projects and zero-emissions industries, a new analysis has found.

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Why are corporate giants pulling out of thermal coal?

IEEFA: Fiduciary duty is driving financial change. A striking development has occurred in the world of corporate finance. The past few months have seen a string of corporations divest from thermal coal, starting with US investment giant BlackRock and extending to Japan’s Mizuho and the Norwegian Government Pension Fund.  

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Hunter 2050 Foundation to drive economic diversification agenda for the Hunter

This is exciting news for the Hunter!

The Hunter Joint Organisation, with project partner AGL, is moving ahead with plans to form The Hunter 2050 Foundation, and organisation dedicated to guiding the economic diversification and transformation of the Hunter Valley.  

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Region ready to drive change in rethinking waste

OFFICIAL MEDIA RELEASE - 28 MAY 2020 - Hunter Joint Organisation (HJO), with funding support from the NSW State Government, are rethinking waste and resource recovery in a bid to help transition the Hunter Central Coast region to a circular economy.

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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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'Never more critical': Government pressed on low-carbon recovery study

The Berejiklian government is being urged by a lower house committee to report within months how the promotion of low-carbon technologies can help revive NSW's economy as well as reducing its dependence on coal.

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Biomass plant set to power up in NSW’s Hunter Valley

The former Redbank coal plant in NSW’s Hunter Valley will be ­repurposed into a biomass fuels power station, with owner Hunter Energy planning to start supplying energy into the national electricity grid by early next year.

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Bioenergy push for emissions reduction and regional growth

Bioenergy could be the Morrison government's next step in its emissions reduction strategy, with the Australian Renewable Energy Agency calling for public submissions to develop an industry growth strategy.

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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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