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Australia is World's Third Biggest Fossil Fuel Exporter

Australia is World's Third Biggest Fossil Fuel Exporter

Wednesday, 21 August, 2019 - 06:30
A general view shows the Novovolynska-9 coal mine in Novovolynsk. Photo: Reuters
London - Asharq Al-Awsat

A report published on Monday said Australia has become the third biggest fossil fuel exporter in the world after Russia and Saudi Arabia, and fifth biggest miner of fossil-related emissions.

According to the report published by the Australia Institute, the country's share of the global fossil fuel exports is 6.9 percent, compared to 12 percent for Russia, and nine percent for Saudi Arabia.

Richie Merzian, program director at the Australia Institute, said: "Many argue Australia's emissions are small on a global scale, but this research shows the complete opposite: our domestic emissions are large and our exported emissions are even larger."

Australia is known for making tens of billions of revenues annually from the export of huge amounts of coal, fuel, and natural gas.

According to the energy ministry, Australia had exported over 88 percent of its domestic production of black coal, 69 percent of natural gas, and 79 percent of oil, between 2016 and 2017.

The report found Australia is the world's largest coal exporter, responsible for 29 percent of the world trade.

Australia's fossil fuel exports are equivalent to about three-quarters of the EU's combined exports, while its fuel production is one-and-a-half times that of the EU.

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