THE NSW Minerals
Council’s forecast of a bright future for Australian coal exports is
based on shaky foundations, including a restricted interpretation of
International Energy Agency predictions, said energy analysts criticised as “anti-coal” by Minerals Council chief executive Stephen Galilee.
The Institute for Energy Economics and Financial Analysis (IEEFA) has repeated its call for governments and the mining industry to take the climate change risk to the Australian coal industry seriously – and particularly for the Hunter – “and begin making sensible preparations for a transition”, after Mr Galilee criticised an IEEFA report last week warning NSW coal exports faced permanent, long-term decline.
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