Never gonna dig you up! Modelling the economic impacts of a moratorium on new coal mines

16 Sep 2016

As the world works to reduce greenhouse gas emissions, it will need to burn less coal. As a result, the world will need less coal mines. In the lead up to the Paris climate talks in December 2015, President Anote Tong of Kiribati and other Pacific leaders called for a global moratorium on new coal mines and the expansion of existing coal mines.

Coal industry lobbyists and some political leaders in Australia claim that a coal moratorium “would spell economic and social catastrophe for Queensland and the national economy”. However, economic modelling conducted for this report shows that the economic impacts of a moratorium — on Queensland, New South Wales and Australia more broadly — would be small.

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