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Solar is a tiny industry compared with coal and brings in approximately zero export dollars. For most of the past decade, coal has been Australia's second larg
by TheSpiceIsLife 5y ago
Solar is a tiny industry compared with coal and brings in approximately zero export dollars.
For most of the past decade, coal has been Australia's second largest resource export, after iron ore, and since 2015 has averaged around one-quarter of annual resource export values and 14 per cent of total export values (Graph 2). In 2018, the value of coal exports was $67 billion, equivalent to 3½ per cent of nominal GDP. Australia's coal exports consist of different grades of black coal: metallurgical coal, which has a relatively high energy content and is used for industrial purposes (primarily steel making); and lower-energy content thermal coal used for electricity generation.
https://www.rba.gov.au/publications/bulletin/2019/sep/the-changing-global-market-for-australian-coal.html https://www.rba.gov.au/publications/bulletin/2019/sep/the-ch...