"From an economic perspective Australia would be better off restricting supply to maximise profits on what it can sell while it can."
Good points you make. You might be right but restricting supply could be the catalyst for opening up new mines elsewhere.
It's controversial and will see me labeled a Communist but with a likely limited future for coal I would favour government purchase and nationalising the output for our national self-interest to support affected communities, climate change resilience and environment management.
The issue of sovereign risk will be made but under the circumstances I don't believe would be an issue as coal companies will likely be looking to divest.
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