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And exporting coal and gas at fire sale prices.Trouble is, Australians just weren't willing to hear the message as to what was coming.
Australia has simply failed to comprehend that mineral resources are finite and once gone, they're gone. For some reason we've an obsession with water and trees, both of which are renewable, forgetting that fossil fuels and metals are the real issues.
Our coal production's peaked too by the way, it's just that most haven't woken up to that yet but it's in decline yes. It's already down more than 10% from the peak.
Now just wait for the real fun to start. When government realises the carbon targets are physically unachievable even if we do use nuclear because electricity isn't the only emissions source, it's not even the majority.