The reality is that energy companies invest in new coal all the time all over the world, just not in Australia due to policy uncertainty.
That is why I advocate for permanet removal of all electricity production subsidies and grants. Given that certainty coal would be in the mix fir generations, probably replaced by gas and eventually some other technology.
Certainty is necessary unless we are happy to continue to donate billions of dollars to make the rich richer for no benefit to anybody except them.
The decrease in cost of renewables that you predict would bring them into the mix, no reason to use them until they are genuinely competitive.
Certainty and technological ambivalence will reap rewards for all Australians.
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