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AM By Peter Ryan
Updated Fri 16 Sep 2016, 10:11am
"Our modelling suggests that the impacts will not start for 10 to 15 years. There is enough coal in mines that are operating
or will be operating to continue the level of exports that we see now.
"But, thereafter, coal production will slow as new mines which otherwise would come on are not allowed to come on.
However, the study conceded that while the national economic impact would be minimal, the phasing out from coal would
be painful for regional areas relying on the industry.
Australia Institute chief economist Richard Dennis said the research was a wake-up call for the coal industry and the
Federal Government.
"Look the end of coal is nigh. The question is whether it's nigh enough," Mr Dennis told AM.
"The effect is a rounding error it's trivial. The Australian economy will still double in size in the coming decades.
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Coal's death would not kill economy: Australia Institute - ABC News (Au... http://www.abc.net.au/news/2016-09-16/coal-death-would-not-kill-eco...
The coal industry has rejected the calls for a coal moratorium and said energy generated from coal remained critical to
Australia's economy.
Benjamin Sporton, the chief executive of the World Coal Association, said coal currently provided 41 per cent of the
world's electricity and 90 per cent on Australia's eastern seaboard.
"To try and say we're going to move away from a fuel that provides that
much of the world's electricity, I just don't think is realistic," Mr Sporton said.
"Coal is going to play a big role in the world's economy and the world's
electricity mix for decades to come and it's incredibly important that we
focus on a role for low-emission coal technology."
Follow Peter Ryan on Twitter @peter_f_ryan and on his Main Street blog.
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