This is only putting forth one side of an argument (and exaggerating it as well). Yes, China and India are by far the biggest polluters when it comes to fossil fuels. Yes, China and India are continuing to invest in Coal Power Stations. But:
China is also the world leader when it comes to solar. About half of the world's solar power is generated in China with several of the world's biggest solar farms found there, check out the Gonghe Talatan solar park as a reference. They are also right up there when it comes to wind.
China is investing in energy, 'clean' or not. They wouldn't be investing in solar and wind if it was not financially viable to do so.
Similarly India is ranked 4th in the world for energy produced by solar and have committed to significantly increasing this number. They are further investing in not just solar but again also wind and hydro (and coal). Like China they are investing in energy, both renewables and coal.
Australia has closer to 20 coal powered stations. What is being lost is the 3 in NSW slated to be decommissioned aren't because of a shift to renewables but because they have reached their life capacity. Their power production then obviously needs to be replaced and unfortunately yes, us tax payers will be funding that regardless of what the power source is. The question is do we replace it with new coal powered stations or renewables? Most projections suggest renewables are the cheaper option before you even start factoring in the CO2 emissions.