Coal is good business
Fossil fuels will continue to make an indispensable contribution to the world’s energy, plastics, chemicals, steel, cement, glass, aluminium and fertiliser industries and to a wide range of industrial products, including textiles, paints and dyes.
Accordingly, responsible development of our energy resources will continue to provide enormous benefits in terms of wealth creation for Australia, and will do so for generations to come.
The International Energy Agency projects that Australia could enjoy coal and natural gas export revenues of more than $2 trillion through to 2035.
The use of fossil fuels and lower carbon emissions are not mutually exclusive. Over the past decade, considerable effort has been directed to developing low emission fossil fuel technologies here and overseas. As a contribution to this activity, the Australian black coal industry is partnering with governments and other private sector contributors to invest in the demonstration of low emissions coal technology solutions.