New modelling predicts up to 300,000 jobs could be lost as our export trading partners decarbonise, so what can be done?
As the world slowly starts to move away from fossil fuels, Australia's lucrative export markets are predicted to undergo a massive shift.A report outlines the impact of likely 2050 decarbonisation commitments by Australia's export partnersThere are calls for more coordinated policies from all levels of government to plan for a "predictable change"
"We've got to understand that the demand for that product [fossil fuel exports] is not going to be anything like what it is today, that's going to be a much smaller industry, it's going to support … fewer jobs," CPD's policy director Toby Phillips said. "The only way to do that is for us, as an industry, as a country, as a community is to change and adapt to the future."The Bowen Basin is heavily reliant on coal exports, both metallurgical coal for steel and to a lesser extent thermal coal.
The report calls on all levels of government to plan ahead for what Mr Phillips described as a "predictable and manageable" change."The transition challenge over the next 30 years is not so much about dealing with a major shock to the entire Australian economy," he said. "But let's get real about this. Let's look at what it looks like to diversify, and grow the industries we have here that don't work with coal."Warrick Jordan from the Hunter Jobs Alliance said work was already being done on the ground.
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