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"Australia is the world’s largest coal exporter, – accounting for 35 per cent of all coal exported" https://www.australianmining.com.au/features/where-does-aust
by coenhyde 7y ago
"Australia is the world’s largest coal exporter, – accounting for 35 per cent of all coal exported" https://www.australianmining.com.au/features/where-does-australias-coal-go-infographic/ https://www.australianmining.com.au/features/where-does-aust...
If Australia stopped coal exports, we could have a significant impact on the viability of coal as a fuel source. If we're serious about climate change we could halt coal exports immediately, which would spike the cost of coal and lead to the closure of coal plants already on thin margins. Sounds drastic but maybe not if you consider how little time we have to correct course.
We'd need take care of the coal workers. Potentially continue their salaries for a year, then phase it out gradually. There's only $35k workers in the coal industry. Average $100k salary = $3.5 Billion per year. Doable.
I don't know what to do with the coal mines and their investors. I'm inclined to say screw them. Let them go bankrupt. But this might hurt investor confidence in Australia ...
- Arbalest 7y agoI suppose I was thinking more about coal burning at the time, and only remembered later (in my other child comment) that we also export a substantial amount of coal. Yet I did not realise that was the scale of our coal exports.