{"id":81616,"date":"2023-09-22T00:09:20","date_gmt":"2023-09-22T00:09:20","guid":{"rendered":"https:\/\/globalroadtechnology.com\/\/?p=81616"},"modified":"2023-09-22T00:12:15","modified_gmt":"2023-09-22T00:12:15","slug":"is-there-a-future-for-coal-miners-in-australia","status":"publish","type":"post","link":"https:\/\/globalroadtechnology.com\/is-there-a-future-for-coal-miners-in-australia\/","title":{"rendered":"Is There a Future for Coal Miners in Australia?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Australia\u2019s history with coal is almost as old as the country itself.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And while it\u2019s long been at the face of Australia\u2019s energy supply and industries, coal is now at the forefront of change as a new generation of power sources rises to prominence.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First collected in 1799, just a decade or so out from colonisation, coal immediately became an export commodity for settlers, shipping out to India in 1801, beginning a trade relationship that continues today. <\/span><span style=\"font-weight: 400;\">Traditionally, coal has provided thousands of coal miners with a steady, stable income while supporting the surrounding business ecosystems.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But coal&#8217;s primary function has always been to generate the power that Australia \u2013 and many other nations \u2013 have relied on to fuel their economies and drive progress.\u00a0<\/span><span style=\"font-weight: 400;\">And while many Western, wealthy nations \u2018splash the cash\u2019 on new ideas and energy technologies, many countries in the developing world still rely on Australia\u2019s <\/span><b>vast coal export supply.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">And herein lies one of the many issues we face and a hot debate around the future of coal mining Down Under. <\/span><span style=\"font-weight: 400;\">While many in-country and worldwide are calling for the planned extinction of Australia\u2019s coal-fired power plants, that\u2019s only half the equation, as coal will still be mined and exported globally, and in essence, so will the emissions.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Coal is on the Nose, But Investment Continues to Grow<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Despite the broad aim for ambitious climate targets and net zero by 2050, and perhaps not what you might think, the coal industry is thriving. <\/span><span style=\"font-weight: 400;\">Fresh investment continues in states like New South Wales and Queensland as coal miners, companies, and the government work out how to tackle the <\/span><b>Energy Transition<\/b><span style=\"font-weight: 400;\"> while slowly phasing out coal-fired sources.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Australia was recently singled out as a significant carbon emitter by a group of global researchers, who called for cuts to subsidies to coal and a ramping up of emission reduction policies. <\/span><span style=\"font-weight: 400;\">According to the study, on a scorecard featuring 20 (G20) economies, Australia ranked \u201clow\u201d on the coal phase-out in power generation compared to countries in Europe, alongside a \u201cmedium\u201d rank in renewable energy generation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The experts say Australia would need to generate electricity with zero carbon emissions by 2035, with an 80% waypoint in 2030 remaining out of sight. <\/span><span style=\"font-weight: 400;\">The contrast is that globally, coal demand reached an all-time high, with 8031 million tonnes projected for use in 2024. <\/span><span style=\"font-weight: 400;\">Leaving the question, if coal is still so critical, how can we reduce investment and replace it in the medium term without impacting power supply?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s a balancing act that will impact coal miners and potentially every Australian who turns their lights on.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Coal Mining: A Future Still Unknown<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">With so much still up in the air and so many strong yet polarising opinions, the coal debate will undoubtedly rage for a while. <\/span><span style=\"font-weight: 400;\">There is no doubt that coal-fired power plants in Australia are on the chopping block; however, the future for coal miners is less clear.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With much of the world demanding more giant quantities of coal and with Australia\u2019s considerable reserves and export network, it&#8217;s easy to see coal mining as a viable career for the near term. <\/span><span style=\"font-weight: 400;\">At some point, however, if the world is to meet its decarbonisation targets, coal mining will have to cease altogether.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But by that time, and on the bright side, it&#8217;s likely that new industries will have popped up in the clean energy sector and that coal miners can transfer their skills to a <\/span><b>new generation<\/b><span style=\"font-weight: 400;\"> of power supply. <\/span><span style=\"font-weight: 400;\">Thus ensuring that the tradition and hard work put into coal mining over 200 years continue to provide Australia and the world with the energy we need to succeed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If dust control is an issue for your construction, exploration or resource business, check out GRT\u2019s tailored solutions, including our <\/span><a href=\"https:\/\/globalroadtechnology.com\/\/smart-dosing-units\/\"><span style=\"font-weight: 400;\">Smart Dosing Units<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>If you\u2019d like to talk with an expert, simply contact us!<\/b><\/p>\n<p>&nbsp;<\/p>\n<p><b>Your feedback is important to us.\u00a0<\/b><\/p>\n<p><b>If you enjoyed reading this Global Road Technology industry update and found it informative, please let us know by leaving a <a href=\"https:\/\/g.page\/r\/CboR9OM85l6BEB0\/review\">REVIEW<\/a>.<\/b><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>References:<\/strong><\/h2>\n<p><a href=\"https:\/\/reneweconomy.com.au\/call-to-snuff-out-dead-end-coal-including-mine-approvals-exports-and-subsidies\/\"><span style=\"font-weight: 400;\">https:\/\/reneweconomy.com.au\/call-to-snuff-out-dead-end-coal-including-mine-approvals-exports-and-subsidies\/<\/span><\/a><\/p>\n<p><a href=\"https:\/\/www.abs.gov.au\/ausstats\/abs@.nsf\/featurearticlesbytitle\/09E60850418239F6CA2570A80011A395\">https:\/\/www.abs.gov.au\/ausstats\/abs@.nsf\/featurearticlesbytitle\/09E60850418239F6CA2570A80011A395<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Australia\u2019s history with coal is almost as old as the country itself. And while it\u2019s long been at the face [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81617,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[115],"tags":[],"class_list":["post-81616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-articles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is There a Future for Coal Miners in Australia?<\/title>\n<meta name=\"description\" content=\"Exploring the future of Australian coal miners amid rising clean energy trends. 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