Australia and Indonesia, the world’s biggest coal exporters, face an accelerated decline in global demand for their coal shipments after China said it would stop building coal-fired power plants overseas, analysts, environmental groups and industry officials said. Chinese President Xi Jinping announced the move at the United Nations General Assembly on Tuesday, prompting environmental campaigners to predict a direct impact on major coal exporters. read more Beijing’s pledge is the latest blow for Australian and Indonesian coal miners as more energy systems globally make the shift to renewables, however, the Australian industry continues to push for a role for coal in the global power mix. “I think it’s the new normal,” said Pandu Sjahrir, chairman of Indonesia Coal Miners Association, when asked whether coal miners must accept that global demand may have peaked. For more than a decade, Australia and Indonesia have been the […]