Australian news, and some related international items

Coal industry affected by climate change: costs of Queensland Cyclone Debbie

Queensland Cyclone Debbie: Economic impact, Courier Mail, April 2, 2017  QUEENSLAND coal exports may have taken a $1.5 billion hit from Cyclone Debbie as more than 22 mines were forced to halt production while roads and ports were shut.

Economists also tip a hit to the state Budget, with a temporary loss of coal royalties and lost agricultural production. But they also warn that negative talk about the impact on resorts could hurt tourism operators unaffected by the weather.

Energy analysts IHS said about 10 million tonnes of coal production was lost as buyers went elsewhere.

Mines will also be affected by impassable roads and flooded pits, but the losses aren’t expected to be anywhere near those incurred by Cyclone Yasi, when about 40 million tonnes of production was lost.

Economist and former Chamber of Commerce and Industry executive Nick Behrens said the economic impact would be substantial for the State Government……


April 3, 2017 - Posted by | climate change - global warming, Queensland

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: