While the Queensland government moves reactively to fast-track the approvals process of the decade-long delayed Adani thermal coal mine in the Galilee Basin, thermal coal export forecasts continue to show a terminal decline globally in the long term, consistent with the goals of the Paris Agreement.Read more
In its strategy paper BHP writes that it has "no appetite for growth in energy coal" regardless of asset attractiveness.
So even if it is cheap - the Big Australian doesn't want it.
TWO renewable energy projects slated for the Upper Hunter are spearheading the region's transition away from coal to a low-carbon economy. Matthew Kelly from the Newastle Herald reports:
A proposed 250 megawatt wind farm at Bowman's creek east of Muswellbrook and a 25 megawatt solar farm on the site of the former Drayton colliery would provide power to more than 100,000 homes when operational.
FOR nearly a decade a South Korean Government-owned company has bought up land in the beautiful Bylong valley between Denman and Mudgee to establish a coal mine. KEPCO, which is 51 per cent owned by the government, identified Bylong as the place to mine high quality coal to export to South Korea and keep its coal-fired power stations delivering electricity to the domestic market.Read more
State government forecasts show the threat to the Hunter Valley’s coal industry is yet to be taken seriously. Read the latest from IEEFA here
Almost a third of prime Hunter wine country is covered by coal exploration licences, new mapping shows. Find it here
Australia’s largest export customer for thermal coal is scrapping plans to build power plants. Read more
Communities in the New South Wales Hunter Valley need to apply more pressure to speed-up the process of transitioning from coal to renewables sources of energy. That was message being delivered at a summit held last month in NSW town of Singleton, a week before the announcement of plans to build a new coal-fired power station in the region.
That was message being delivered at a summit held last month in NSW town of Singleton, a week before the announcement of plans to build a new coal-fired power station in the region. ABC's Greg Miskelly reportsRead more
The winds of change are in the air, and they carry no coal dust.
Read Rob McLaughlin's opinion piece in the Newcastle Herald here