Australia vows to sell coal for "decades into the future" to generate local jobs and build its economy while over 40 countries pledged to eliminate coal use within decades during the COP26 UN climate summit in Glasgow.
The summit aims to cap global warming to between 1.5 and 2.0 degrees Celsius.
Australia, along with some other major coal users such as China and the United States, did not sign up.
According to Minister for Resources Keith Pitt, Australia will not close coal mines and coal-fired power stations.
In justifying his country’s stance, Pitt said that they have high-quality coal compared to those “coming from Indonesia or Russia or elsewhere."
Pitt insisted that they will continue to have markets for coal for decades and that while there are buyers, Australia is selling.
The minister added that with demand for coal expected to rise until 2030, they need to win that market or “somebody else will."
Pitt said some 300,000 Australians' jobs were reliant on the coal sector.
The Minerals Council of Australia says that the country's coal industry directly employs 50,000 workers while supporting another 120,000.
Australia is one of the world's largest producers of coal and natural gas.
Last month, Australian Prime Minister Scott Morrison's government unveiled a 2050 net-zero emissions target. But the plan lacked detail and is relying heavily on unknown technological breakthroughs.
The Minerals Council of Australia, which represents large miners such as BHP and Rio Tinto, has said a 2050 target is achievable through significant technological investment.


Asian Currencies Hold Steady as Dollar Stays Firm Amid Middle East Uncertainty
Drug pollution in water is making salmon take more risks – new research
We combed through old botanical surveys to track how plants on Australia’s islands are changing
Parasites are ecological dark matter – and they need protecting
Iran Allows Oil Tankers Through Strait of Hormuz Amid U.S. Negotiations
Ukraine minerals deal: the idea that natural resource extraction can build peace has been around for decades
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge
GesiaPlatform Launches Carbon-Neutral Lifestyle App ‘Net Zero Heroes’
Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears
Oil Prices Climb as Iran Reviews U.S. Peace Proposal Amid Middle East Tensions
LA fires: Long-term exposure to wildfire smoke is poorly understood − and a growing risk
The UK is surprisingly short of water – but more reservoirs aren’t the answer
Fertile land for growing vegetables is at risk — but a scientific discovery could turn the tide
Japan Eyes Oil Futures Intervention to Stabilize Yen Amid Middle East Crisis
France's 2025 Budget Deficit Shrinks More Than Expected, Easing Fiscal Pressure
Oil Prices Slip as Middle East Tensions Ease, Heading for Weekly Loss 



