Carl Shoupe and his son Scott experienced firsthand the quick and devastating collapse of the mining industry in Kentucky, where during the downturn eight mines closed in one day. Now they're warning the industry in the NSW Hunter region to have a Plan B.
Twenty years after the end of steel, the Hunter Valley stares at the end of coal. The signs have been there, but the ringing of the last drinks’ bell came on February 20 from Glencore, the valley’s biggest miner. Read the article in the Newcastle Herald hereRead more
The scientific consensus is clear: climate change is happening, making extreme climate events like heatwaves, bushfires, droughts, floods and severe storms regular occurrences. Across the globe governments are responding by transferring power generation to clean energy based on renewables, but NSW continues to lag behind, relying on coal power generation while doing little to help coal communities smoothly transition to new jobs and industries in the renewable energy sector.
NSW independent MPs Alex Greenwich, Joe McGirr and Greg Piper have released a policy to introduce a ten year adjustment strategy for NSW coal mining communities. Read about it here
On 20th February 100 people gathered in Singleton for the Hunter Renewal Summit to press the case for urgent transition.
On a week where the world's biggest thermal coal exporter Glencore is talking about capping annual coal production at 2019 levels to "transition for a low-carbon economy" then we know we are living through changing energy times. Glencore's boss Ivan Glasenberg said we believe this transition is a key part of the global response to the increasing risks posed by climate change.
Australia's largest coal miner Glencore has succumbed to shareholder pressure to take action to address climate change, and announced it will cap its global coal output.
Read the news here
Environmentalists campaigning for an orderly transition away from coal, say the Hunter must begin preparing now.
It comes amid figures from the mining industry’s peak body, showing it’s contributing billions to our economy, and employing thousands.
Opposition Leader Bill Shorten announced last week that a federal Labor government would create a Just Transition Authority to oversee Australia's transition from fossil fuels to renewable energy. This echoes community calls for a " fast and fair " energy transition to avoid the worst impacts of climate change.
Declining NSW coal exports since 2015 to key markets in Japan, China, South Korea and Taiwan; a dramatic drop in new and proposed coal-fired power plants in those countries; striking moves from coal to renewables in the past few weeks by some of Asia's biggest banks, insurers and power plant developers, and increasing competition for reduced Asian coal markets were strong signs Australian coal exports face permanent decline, said energy analyst Tim Buckley in a report released today.
Economists are predicting Australia's thermal coal exports to plummet faster than expected due to falling demand across Asia that appears permanent and irreversible. 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.