The proposal would:

• phase out the export of thermal coal
• require tradeable permits to export coal
• place a levy on all coal exports.

Component 1 – Thermal coal

The policy will place an export cap on thermal coal exports, using tradable permits issued by the Commonwealth to decrease the maximum allowable annual thermal coal exports from 200 million tonnes in 2025 to 0 tonnes by 1 July 2030.

A levy of $1 per tonne, increasing by $1 per tonne in each subsequent year, will be paid by exporters to the Commonwealth government.

Component 2 – Metallurgical coal

A levy of $1 per tonne, increasing by $1 per tonne in each subsequent year, will be paid by exporters to the Commonwealth government.

The proposal would start on 1 July 2025.