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Australia forecasts 50% drop in fossil fuel exports by 2030, citing global demand decline, but industry disputes, citing strong Asian demand and regulatory delays.
Australia’s Treasury forecasts a 50% drop in fossil fuel export value within five years, citing declining global demand and prices, with Hunter region thermal coal exports expected to fall faster.
The report warns of mine closures by 2030 and urges urgent transition programs.
Industry leaders dispute the outlook, citing strong Asian demand, long-term contracts, and stable royalty projections through 2028–29, arguing domestic regulatory delays—not market demand—are the main constraint.
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Australia pronostica una caída del 50% en las exportaciones de combustibles fósiles para 2030, citando la disminución de la demanda global, pero las disputas de la industria, citando una fuerte demanda asiática y retrasos regulatorios.