Ian Macfarlane (Groom, Liberal Party, Minister for Industry and Science) Share this | Hansard source

No, we are not. We have put in place the Exploration Development Incentive, which has been welcomed by industry, and of course we have worked to see the industry growth centres integrated into the resource sector.

We will remain the largest exporter of metallurgical coal, which is a non-substitutable raw material for steel making. We will continue to see coal remain as a dominant energy source globally. Whilst there may be some reduction in the OECD, predicted to be one-third by 2040, coal demand in India, China and South-East Asia is projected to more than offset that decline. Australia, and particularly Queensland and New South Wales, will continue to meet that demand.

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