South Korean decision to close all coal-fired power plants by 2040 sounds alarm for Australian exports

Decision announced at Cop30 climate conference signposts risks for Australia’s reliance on fossil fuel exports, analysts sayFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe 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. Continue reading...