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Glencore and Peabody get all clear for United Wambo

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02 September 2019

Glencore and Peabody get all clear for United Wambo

Report summary

On August 28 the NSW Independent Planning Commission (IPC) approved the Glencore and Peabody owned United Wambo project. The Hunter Valley coal project was approved with the inclusion of a requirement that coal can only be sold to paries to the Paris Agreement. This is the first time a requirement concerning Scope 3 carbon emissions has been included in a mine planning approval in Australia, and to our knowledge globally. Read this insight to find out why this decision has been so closely watched and what the implications are for other projects being planned in NSW and Australia. We also explain why despite the reduction in regulatory risk, Australia's export supply profile remains at risk.

Table of contents

  • NSW outlook improves on de-risking of United Wambo, while longer-term investment still required

Tables and charts

This report includes 2 images and tables including:

  • NSW coal project export supply
  • Australia coal export forecast

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    Glencore and Peabody get all clear for United Wambo

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