When it comes to coal, Australia has transitioned away from economics and common sense | Richard Denniss

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Our political leaders have switched from pretending they can’t hear the Pacific to pretending they don’t understand them

Australia isn’t transitioning away from extracting fossil fuels, it is doubling down on them. That’s right – even though Australia is already the third largest fossil fuel exporter in the world, the federal government still wants to double our coal exports, drill for oil in the Great Australian Bight and open more farmland to fracking.

Australia is the world’s largest exporter of coal. In fact, our share of the world’s traded coal market is bigger than Saudi Arabia’s share of the world oil market. If Australia opened the Adani mine, and all the other mines proposed in Australia, we would indeed double our coal exports. But we would also drive down the world price of coal, drive down production in existing coalmines, and drive up global emissions. It’s not complicated. But while Australia shows no sign of transitioning away from fossil fuels, we have well and truly transitioned away from economics and common sense when it comes to coal.

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Read more: theguardian.com