The future of Australia’s thermal coal industry in a low carbon environment

Cedric Hodges

No 333232, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: This paper provides projections of the transition ahead for Australia’s thermal coal industry under the global effort to keep global warming below 2°C. The study uses a Computable General Equilibrium (CGE) model with a bottom-up representation of the regional economies where thermal coal mining is concentrated, linked directly with the surrounding national and global economies. The database of the model is constructed from the latest global and regional input-output data and has a comprehensive emissions accounting module covering CO2 and non-CO2 emissions from all sources. A range of sensitivity analysis is conducted to account for the inherent uncertainty in assumed behaviour. The results show the industry is facing a persistent and severe contraction with knock-on effects for regional economies. This underscores the need for proactive and forthright planning by policymakers to help ease the transition of local workers and populations.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:333232

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