If Australia and Indonesia agreed to end new thermal coal mines, it could drive the green transition.
- Written by Jonathan Symons, Director of Research and Innovation, School of International Studies, Macquarie University
In the 1960s, major oil-producing nations formed a cartel to drive up the price of oil. It worked. For decades, nations in the Organization of the Petroleum Exporting Countries (OPEC) have agreed to manage supply and raise prices.
Economists have long recognised cartel market power can bring accidental environmental benefits. By driving up prices,...





