Which countries buy Australia’s coal?
Australia exports most of its coal to Japan,South Korea, Taiwan,and India. Japan, Taiwan, and South Korea have all committed to net zero greenhouse gas emissions by 2050. Both Japan and South Korea are seeking to reduce the use of coal through a combination of phasing out and decommissioning coal-fired power generation plants, improving plant efficiency and restricting capacity growth.
Until recently, China was Australia’s biggest coal customer. However, in 2020 China implemented a ban on imports of Australian coal after then Prime Minister Scott Morrison called for an independent investigation into the initial coronavirus outbreak in China.
India is the second largest importer of coal in the world after China, and in 2021, 80% of their coal imports came from Australia. India is currently facing an energy crisis, however, their long term goal is to become less reliant on imports and boost domestic production to meet their energy needs.