South Korean decision to close all coal-fired power plants by 2040 sounds alarm for Australian exports
by Adam Morton from on (#71H6H)
Decision announced at Cop30 climate conference signposts risks for Australia's reliance on fossil fuel exports, analysts say
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The Australian government has been urged to prepare for a shift away from thermal coal exports and accelerate green industries after one of its main international customers signed up to close all coal-fired power plants by 2040.
South Korea, Australia's third-biggest market for coal burned to generate electricity, announced at the Cop30 climate conference in Brazil that it was joining the Powering Past Coal Alliance", a group of about 60 nations and 120 sub-national governments, businesses and organisations committed to phasing out the fossil fuel.
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