“In the last fiscal year, Australia earned $172bn from international sales of its natural resources. But earnings are decreasing. The office of the chief economist estimates that energy commodities earnings declined by 6% to $67bn last year because of a decline in revenue from coal exports, and that exports of refined petroleum products have declined by an average of 11% a year over the last decade.
There are hopes however, that Australia could bolster its position by developing its exports of renewable energy – especially those generated through solar technology.”
For the full article go to the guardian.com