The Queensland and Australian economies will benefit from thousands of new regional jobs and long-term investment in the mine and rail infrastructure.
Suggesting that Australian thermal coal exports should be banned not only flies in the face of what the IEA is projecting for the region, it also condemns billions of people across the Asian region and increasingly Africa to energy poverty.
The key recommendation of a report from the Australian Competition and Consumer Commission has been welcomed by the Minerals Council of Australia.
The Minerals Council of Australia says the Federal Government should back Australian mining companies and the regional communities which they support.
Australia should take a technology neutral approach to all low emissions energy sources, including renewables, gas, nuclear and advanced coal technologies, such as HELE generation plant and CCS.
The Minerals Council of Australia welcomes the Carmichael coal mine and rail projects receiving Final Investment Decision approval.