Net-zero goals cloud $76b of exports

Angela Macdonald-Smith and Elouise Fowler

Oct 30, 2020 – 12.00am

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Australia's fossil fuel exporters have been put on notice of waning appetite for their product from some of their biggest customers in Asia as South Korea's adoption of a net-zero emissions target increased the share of markets committed to decarbonisation to over 70 per cent.

Between them, South Korea, Japan and China – who now all are targeting net-zero emissions by 2050 or 2060 – accounted for $75.6 billion of Australia's total $103 billion of exports of coal and gas last year.

Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables.

Elouise Fowler is a journalist for The Australian Financial Review based in the Melbourne office.