Quarterly Essay 78 The Coal Curse

Australia is a wealthy nation with the economic profile of a developing country - heavy on raw materials, and low on innovation and skilled manufacturing. Once we rode on the sheep's back for our overseas trade; today we rely on cartloads of coal and tankers of LNG. So must we double down on fossil fuels, now that COVID-19 has halted the flow of international students and tourists? Or is there a b...