Frequent question: Does Australia need coal?

Coal provides fuel for about 69% of electricity production in Australia. The Latrobe Valley in Victoria produced 98.5% of Australia’s total brown coal production of 57.8 Mt, down from 66.7 Mt in 2001–2, none of which was exported.

Is coal used in Australia?

Coal is primarily used as a fuel to generate electricity and in Australia is used to produce about 80% of the nation’s electricity requirements. A special type of coal used to produce coke for the steel making process and by-products of coke-making include coal tar, ammonia, lights oils and coal gas.

How much does Australia rely on coal?

Australia’s primary energy consumption is dominated by coal (around 40 per cent), oil (34 per cent) and gas (22 per cent). Coal accounts for about 75 per cent of Australia’s electricity generation, followed by gas (16 per cent), hydro (5 per cent) and wind around (2 per cent).

How important is coal to the Australian economy?

Coal is one of Australia’s largest exports, and has accounted for around one-quarter of Australia’s resource exports by value over the past decade. However, demand in the global market for coal has been evolving in recent years, which is creating some uncertainties for the longer-term outlook for coal exports.

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Who buys Australia’s coal?

Japan was Australia’s largest customer, accounting for 27 per cent of our total coal exports (worth $17 billion). China came in second, accounting for 21 per cent of our coal exports (worth $13.7 billion).

How long will Australia’s coal last?

125 years

How old is Australian coal?

280 to 150 million years

Who is the largest exporter of coal?

Searchable List of All Coal Exporting Countries in 2019RankExporter2018-91.Australia-5.9%2.Indonesia+4.1%3.Russia-6.1%4.United States-19.2%Ещё 6 строк

Is Australia the biggest exporter of coal?

In 2016, Australia was the biggest net exporter of coal, with 32% of global exports (389 Mt out of 1,213 Mt total), and was the fourth-highest producer with 6.9% of global production (503 Mt out of 7,269 Mt total).

Which country uses coal the most?

China

Who is the biggest buyer of Australian coal?

DAN CONIFER

Does coal have future?

When it comes to investment, coal, particularly thermal coal for electricity generation, has little, if any, future. … Given Australia is one of the world’s biggest coal exporters, shipping about $30 billion of thermal coal a year and around the same in metallurgical coal, the stakes are high.

What is Australia’s most valuable export?

Searchable List of Australia’s Most Valuable Export ProductsRankAustralia’s Export Product2019 Value (US$)1Iron ores, concentrates$65,696,854,0002Coal, solid fuels made from coal$44,427,676,0003Petroleum gases$36,187,544,0004Gold (unwrought)$16,231,821,000Ещё 6 строк

How clean is Australian coal?

Australia’s electricity sector is the nation’s largest source of greenhouse gas pollution, producing 33% of Australia’s greenhouse gas pollution levels in 2017. There is no such thing as clean coal. No matter how “efficient” a coal-fired power station, it is always polluting.

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Who owns the coal mines in Australia?

Australia’s top three coal producers, Glencore, BHP and Yancoal, recorded hefty profits last year from coking and thermal coal. These three companies control well over half of Australian black coal production and all have said they are enjoying great cash margins (reflecting profit after operating costs) of about 45%.

What is the biggest coal mine in Australia?

Peak Downs coal mine

Coal mine