Summary of proposal
Party
Australian Greens
Policy Topic
Environment
Portfolio
Treasury
This proposal would introduce permits on exporting thermal coal, with a yearly cap of total permits
available for purchase. Coal exporters would pay for permits to export thermal coal each year. The
yearly export cap amount and the amount charged for the thermal coal export permits are as follows.
| Financial year | Thermal coal export cap ('000 tonnes per year) | Price of permits ($ per tonne) |
|---|---|---|
| 2019-20 | 85,000 | $1.00 |
| 2020-21 | 161,750 | $1.50 |
| 2021-22 | 145,250 | $2.00 |
| 2022-23 | 128,750 | $2.50 |
| 2023-24 | 112,250 | $3.00 |
| 2024-25 | 95,750 | $3.50 |
| 2025-26 | 79,250 | $4.00 |
| 2026-27 | 62,750 | $4.50 |
| 2027-28 | 46,250 | $5.00 |
| 2028-29 | 29,750 | $5.50 |
| 2029-30 | 10,750 | $6.00 |
The amount spent on permits would be deductible for company tax purposes.
Permits can only be purchased by coal exporters, and permits would initially be allocated based on
the previous year’s production.
The policy has a start date of 1 January 2020 and would result in a complete ban of thermal coal
exports by 1 January 2030.