Energy economists are warning coalmining regions to make urgent changes to diversify as China both reduces consumption and opens massive mines of its own.
has seen shipments between the two countries stagnate since late 2020.
"Other important customers for Australia, such as Japan, Korea, Taiwan, all have decarbonisation policies in place that would see fairly substantial reductions over the next 10 years in their coal imports." Dr Gosens said over the past decade, China strategically imported and stockpiled coal from countries including Australia due to a high domestic demand, but without sufficient infrastructure to keep up with that pace.during an energy crunch last year, during the coal ban.
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