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AAP
AAP
Business
Marion Rae

Aussie coal in permanent decline: report

Global security concerns and record prices suggest a quicker end to coal power, a new report says. (Darren Pateman/AAP PHOTOS) (AAP)

State budgets may be raking in royalties from thermal coal exports now but governments need to prepare for a bleaker future, and job losses.

A report by the independent Institute for Energy Economics and Financial Analysis shows key allies are turning to renewable energy and away from coal-fired power in response to the energy crisis and high prices.

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