Demand for Australian thermal coal across Asia has plummeted, and exports are expected to continue declining over the next few years.
A study by the Institute for Energy Economics and Financial Analysis (IEEFA) found Australia's top four export markets in Asia were shifting rapidly to renewable energy sources.
New South Wales, Australia’s biggest producer of thermal coal, is bracing for a shift in energy market demand.
Coal power generation is slumping across Asia, and Australia will be feeling the pinch.