Our approach takes into consideration the economic, social, energy and financing challenges of phasing out coal mining.

ECONOMIC

Energy markets are shaped and driven by government policies.

Policies vary across states and countries and have taxation, royalties, State-owned assets and employment implications.

Governments need partners that can provide a holistic approach to ensure all economic factors are dealt with as part of the solution.

SOCIAL

Globally, phasing out coal mining puts almost 5 million workers and their families at risk as well as the many millions more who are part of their wider communities.

Strong community engagement, proactive training and reskilling programs and collaborations are needed for responsible change management to achieve equitable distribution of costs and benefits. 

ENERGY

The phasing out of coal mining must coincide with clean green energy alternatives to maintain sufficient supply and cost to customers.

A solid pipeline of new energy companies and investment in infrastructure and workforce preparation needs to be underway with full support of both private and public sectors.

FINANCING

Despite the reducing cost of renewable energies, the shift away from fossil fuel production is slow.

While there are many companies with the capacity and capability to deliver new energy operations, there is a lack of acceptance by the investment community and financial institutions to give the level of backing needed for rapid change.