Tag: coal
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Cyclone Debbie disruption causes trade surplus fall
The Australian trade surplus for April has fallen to just $555 million following a steep drop in coal export levels as a result of disruption caused by Cyclone Debbie. From a $3.1 billion surplus being recorded for the month of March 2017, April was expected to see a decline in surplus to around $2 billion,…
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Australian trade surplus falls by two-thirds
Australia’s trade surplus has fallen to $1.3bn for January 2017, a drop of almost two-thirds from December 2016’s significant $3.3bn surplus. This surprising decline defied the expectations of many market experts, who had predicted further growth in the surplus following the record-breaking surplus recorded for December 2016. However, economists have been quick to address the situation, stating…
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Turnbull’s Chief Scientist is Pro Renewables
Dr Allan Finkel, an engineer, neuroscientist and the Turnbull Governments most recent Scientific Adviser, has suggested that Australia needs to do more to complete the transition from coal to renewable energy. Dr Finkel, the newly appointed Chief Scientist, has said that he wants to place sustainable energy squarely on the political agenda so that Australian’s could…