Climate change: Australia wrestles with its coal mining dilemma
For more than 200 years, workers at the Port of Newcastle have loaded ships with coal dug out of nearby mines for transport to Asia and beyond. But with global action to tackle climate change set to decimate the trade, the management at the world’s biggest coal port is preparing for a future without the fossil fuel that generates 60 per cent of its revenues.
“The future of coal is obviously questionable and we have to prepare for that,” says Roy Green, chair of the port, which is a gateway to the Hunter Valley, a coal mining region 280km north of Sydney. “We are likely to see a continuing flattening of coal volumes through the port and ultimately a decline, as the world switches away from coal-fired power.”