Industrial Metals

Sydney Morning Herald reported that Australia’s potential to expand coal exports conflicts with goals to lower emissions.

Sydney Morning Herald reported that Australia’s potential to expand coal exports conflicts with goals to lower emissions.

As quoted in the market news:

Back-of-the-envelope figures by one industry analyst (see side story), based on approved or planned port capacity expansion, suggest Australia could reach or even exceed 1 billion tonnes of coal exports a year within a decade, up from about 300 million tonnes this year. Digging up and burning all that coal will be a significant impediment to the world’s effort to limit global warming.

Click here to read the full Sydney Morning Herald report.

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