Australia Coal, Gas Exports ‘to Surge’

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Australia’s coal and gas exports will surge as its resource sector booms, but it faces challenges such as labour shortages and infrastructure bottlenecks, the International Energy Agency said Monday.

In a review of Australia’s energy policy, the IEA also welcomed the government’s carbon price mechanism to help combat climate change but said the country needed significant investment to reach its goals.

“The IEA strongly supports Australia’s continuing efforts to increase and improve low-carbon energy in the country,” IEA executive director Maria van der Hoeven said.

But she warned of the challenges facing the world’s ninth-largest energy producer — which is one of only three net energy exporters in the OECD — from its unprecedented resources boom.

One of the biggest challenges for Australia is to manage this surge and prevent increasing costs due to potential workforce shortages and infrastructure bottlenecks,” she said in Canberra on Monday.

The IEA review said the scale of Australia’s energy policy ambitions was “enormous and very costly even for a resource-rich nation”.

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