China flags further cuts to coal use
Australian Financial Review
China has signalled further cuts to coal use as it steps up its battle against polluted skies.
China flags it will cut Australian #coal imports for longer. China's government decarbonisation and pollution reduction policies are clear and certain, with ambition rising every year.
Australia needs to get prepared for a global transition out of coal and a likely rapid decline in the export coal market. As the Reserve Bank has noted Australia is very vulnerable economically to the global reductions in carbon intensive energy use.