BlackRock’s decision to dump coal signals what’s next

Re:BlackRock’s decision to dump coal signals what’s next by roenxi on Thursday January 16, 2020 @07:31PM (#22070639)

Australia produces ~6% of the worlds coal [0]. That is the only thing nature could care about; figures like % exports and per capita numbers are meaningless. 6% is a big enough slice of the pie for everyone to argue about. The 34% figure specifically is a bit meaningless because it is by value and there is big price (about x4?) difference between met coal (Queensland) vs. thermal coal (NSW). It doesn't make sense to try and compare Australian met coal exports to, say, Indonesian thermal.

Also as a counter argument, attempting to pressure China economically by choking their imports would probably end badly for us.

[0] https://en.wikipedia.org/wiki/List_of_countries_by_coal_prod...

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Re:BlackRock’s decision to dump coal signals what’s next by coenhyde on Thursday January 16, 2020 @08:13PM (#22070897)

The reason i was referencing export % vs production % is that a change in the availability of coal for import would change the market price differently than if we assumed that all coal produced is available on the international market (which is false).

But yes 6% in absolute terms is worth caring about.

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Re:BlackRock’s decision to dump coal signals what’s next by kikoreis on Friday January 17, 2020 @06:45PM (#22080910)

Your comment was insightful; I think the GP missed your main point, which is one of economic pressure through constrained supply.

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