{"id":25532,"date":"2018-11-02T05:06:49","date_gmt":"2018-11-01T18:36:49","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=25532"},"modified":"2018-11-02T05:06:49","modified_gmt":"2018-11-01T18:36:49","slug":"nsw-coal-decline-mb0809","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/nsw-coal-decline-mb0809\/","title":{"rendered":"NSW Coal Exports Facing Terminal Decline – And Soon : IEEFA"},"content":{"rendered":"
\"New

Image: 4283258<\/a><\/p><\/div>\n

New South Wales coal export volumes have peaked and are now facing a terminal long-term decline, says a new report from the Institute for Energy Economics and Financial Analysis – but the NSW Minerals Council disagrees.<\/p>\n

\u201cThermal coal exports out of the Port of Newcastle peaked three years ago and are now set to decline,\u201d says<\/a> report co-author Tim Buckley. \u201cGoing forward we will witness a permanent, terminal decline as Asian markets continue their technology-based energy transition towards cheaper more sustainable renewables.\u201d<\/p><\/blockquote>\n

The IEEFA says the four Asian markets New South Wales heavily depends on – Japan, China, South Korea and Taiwan – experienced a 74% decline in their new coal plant pipeline (almost 423GW capacity) since 2015, and with more contraction expected.<\/p>\n

Its figures don’t take into account closures of existing plants.<\/p>\n

“If current pipeline decline and plant closure trends continue, plant retirements will exceed additions by 2022 and the global operating coal fleet will start to shrink,” states IEEFA.<\/p><\/blockquote>\n

The Institute has encouraged the NSW government to begin planning a transition for communities and businesses that will be affected by the downturn.<\/p>\n

The NSW Minerals Council begs to differ on the IEEFA’s assessment, calling reports of the demise of the state’s coal industry “dodgy”.<\/p>\n

“The NSW thermal coal sector is enjoying healthy conditions with expert independent analysis forecasting this to continue to at least 2040,” says a release<\/a> from the Council. “Demand for NSW coal is strong, particularly from traditional Asian markets such as Japan, Taiwan and Korea.”<\/p><\/blockquote>\n

“Healthy” may not be a good choice of words considering the product in question<\/a>, but anyway. The release also cites figures on exports to Japan rising by 2.4% between December 2016 and December 2017; so nearly a year ago.<\/p>\n

On a somewhat related note and across the border in Queensland, Adani has reportedly scaled back<\/a> its plans for the Carmichael coal mine project in order to secure financing. Coal from the mine will primarily be destined for India. IEEFA notes:<\/p>\n

“…imported thermal coal power in India costs US$60-80\/Megawatt hour, double the cost of new renewables at US$34-40\/Megawatt hour, fixed with zero inflation indexation for 25 years.”<\/p><\/blockquote>\n

While the Carmichael coal may be earmarked for India, it will mainly be used for Adani’s own electricity generation activities in the country. According to the company, Adani Power Ltd is India’s largest private thermal power producer, with a portfolio capacity of 10.44GW.<\/p>\n

The IEEFA report can be downloaded here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

New South Wales coal export volumes have peaked and are now facing a terminal long-term decline, says a new report from the Institute for Energy Economics and Financial Analysis – but the NSW Minerals Council disagrees.<\/p>\n","protected":false},"author":17,"featured_media":25533,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-25532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nNSW Coal Exports Facing Terminal Decline - And Soon : IEEFA<\/title>\n<meta name=\"description\" content=\"New South Wales coal export volumes have peaked and are now facing a terminal long-term decline, says a new report - 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A new report from The Australia Institute (TAI) shows that's not the case. It's not just what we generate here that counts,\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Australia - fossil fuel exports","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/australia-emissions-exports.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/australia-emissions-exports.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/australia-emissions-exports.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/australia-emissions-exports.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/08\/australia-emissions-exports.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":57881,"url":"https:\/\/www.solarquotes.com.au\/blog\/coal-power-electricity-mb2317\/","url_meta":{"origin":25532,"position":3},"title":"Coal Power: The Comeback Kid For Now (But Not In Australia)","author":"Michael Bloch","date":"January 17, 2022","format":false,"excerpt":"The International Energy Agency (IEA) has warned the world is well off track on electricity generation related emissions after coal power saw a resurgence last year. The IEA's January 2022 Electricity Market Report indicates global electricity demand surged in 2021 by 1,500 terawatt-hours, driving the power sector\u2019s emissions to a\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Coal power emissions","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/coal-power-emissions.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/coal-power-emissions.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/coal-power-emissions.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/coal-power-emissions.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/01\/coal-power-emissions.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":49311,"url":"https:\/\/www.solarquotes.com.au\/blog\/fossil-fuel-levy-mb1953\/","url_meta":{"origin":25532,"position":4},"title":"TAI: Fossil Fuel Exporters Should Cough Up For Climate Damage","author":"Michael Bloch","date":"April 13, 2021","format":false,"excerpt":"The Australia Institute (TAI) is calling on the NSW Government to support a levy on fossil fuel exports to help cover the costs of climate change impacts in the state. The Institute first proposed a National Climate Disaster Fund (NCDF) back in 2019, funded by a $1 per tonne of\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Fossil fuel level for climate damage","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/fossil-fuel-levy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/fossil-fuel-levy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/fossil-fuel-levy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/fossil-fuel-levy.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/04\/fossil-fuel-levy.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":22624,"url":"https:\/\/www.solarquotes.com.au\/blog\/kelly-coal-treason-mb0649\/","url_meta":{"origin":25532,"position":5},"title":"Craig Kelly: Demonising Coal “An Act Of Treason”","author":"Michael Bloch","date":"July 2, 2018","format":false,"excerpt":"In the wee hours of this morning, Liberal backbencher Craig Kelly continued his attack on Australians opposed to coal, opining it was a crime against their country. Craig Kelly has been at the forefront of the Monash Forum's push to boost coal's image and see new coal-fired power stations built\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Craig Kelly - Anti-coal treason","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/craig-kelly-coal.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/craig-kelly-coal.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/craig-kelly-coal.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/craig-kelly-coal.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/25532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=25532"}],"version-history":[{"count":1,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/25532\/revisions"}],"predecessor-version":[{"id":25534,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/25532\/revisions\/25534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/25533"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=25532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=25532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=25532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}