Consider this; reduced
Australian coal exports may account for up to 200Mt less global CO2 in the last year which makes the ETS seem rather pointless anyway.
Despite falling Midwest exports, overall U.S. coal exports have been resurgent, reaching nearly 71 million tons in the first eight months of 2011 — the highest level in decades — driven by high global demand and significant weather disruptions of
Australian coal exports.
Australian coal exports represent 11 per cent of the global market.
Proposed
Australian coal export projects collectively have been identified as the second largest proposed expansion of fossil fuel CO2 emissions after Chinese coal mining.
Not exact matches
Admittedly we are a net importer of oil (increasingly so as Bass Strait reserves diminish), but
Australian entities make large
exports of natural gas and thermal
coal, whose prices are highly correlated with oil prices over time.
This pattern is already taking shape around the globe with U.S. and
Australian coal companies coping with shrinking domestic markets by planning to
export huge amounts of
coal to India and China.
The «climate pragmatists,» such as Victor, Stern, and myself, argue that the point of
Australian climate policy is not to solve the global climate problem, or to solve the problem of emissions from international trade, but rather to achieve politically feasible forward progress on domestic climate policy that can help set the foundation for future global policy (which as you and Victor have pointed out is the only way to deal with leakage, including
coal exports).
Since Australia is reliant upon
coal primarily for energy and for
exports, it's pretty obvious who looks to lose - out if the climate scientists persuade the
Australian Public about the scientific facts.
Staying out of Kyoto can not stop this; but entering the protocol would stimulate
Australian firms to start investing in energy systems that we could eventually
export to fill in the gap left by declining
coal exports.
Expansions of
Australian and American
coal exports?
Peabody's strategy has been to seek an involvement in
coal projects in Mongolia with the aim of
exporting to the Chinese market, expand its
Australian operations, enter the Indonesian market and look to expand
exports from its Powder River Basin mines in the U.S. to supply the Pacific market.
[v] Even phasing out Australia's
coal exports would merely cause
Australian GDP to double by 2031 instead of by 2030 [vi], paling in comparison to the impacts of the several degrees of global warming associated with continuing demand for those
exports.
In per - capita terms Australia has among the highest greenhouse gas emissions in the world, yet the
Australian Turnbull Government is resisting efforts to reduce those emissions and is trying to increase the amount of
coal mining,
coal burning and
coal exporting.
Many
Australians argue we should reduce our
exports of
coal to China, Japan, Korea, etc..
In turn, U.S. money can end up in the coffers of radical
Australian groups that block
coal exports to India, thereby keeping its people mired in poverty.
The letter, organised by
Australian National University climatologist Andrew Glikson, calls on the federal government to make «meaningful reductions of Australia's peak carbon emissions and
coal exports, while there is still time».
Ambre Energy, an
Australian company that is pushing the Morrow Pacific and Millenium Bulk
coal export terminal proposals in the Pacific Northwest, touts on its website that its Decker mine, which is publicly owned
coal, is, «Geographically well - positioned for Asian market via
export through the Pacific Northwest.»
India has been one of the
export hopes of the
Australian coal industry, but it seems likely that they will be disappointed in the future.
Australian mines were particularly at risk because of their heavy reliance on
exporting coal to markets that were rapidly shrinking.