What you will find on this page: LATEST NEWS; Fossil fuel emissions have stalled; Mapped: global coal trade; Complexity of energy systems (maps); Mapped: Germany’s energy sources (interactive access); Power to the people (video); Unburnable Carbon (report); Stern Commission Review; Garnaut reports; live generation data; fossil fuel subsidies; divestment; how to run a divestment campaign guide; local council divestment guide; US coal plant retirement; oil conventional & unconventional; CSG battle in Australia (videos); CSG battle in Victoria; leasing maps for Victoria; coal projects Victoria
Huge task to decarbonise
Source: Australian Delegation presentation to international forum held in Bonn in May 2012
Latest News 5 March 2018, Renew Economy, Victoria town’s breakthrough deal on network tariffs as it pursues 100% renewables. A small Victorian town that is hoping to achieve 100 per cent renewable energy as early as 2020 has achieved what appears to be a groundbreaking deal on network charges that could pave the way for similar projects around the country. Newstead, a town of less than 1,500 people in central Victoria, has negotiated new network charges with its electricity distributor, Powercor, that will remove some of the hurdles of building a small solar farm and sharing the output with the community. The two-year trial on new network fees will mean that the community can install solar and share the output without being hit by further network charges for each kilowatt they consume. Equally importantly, they appear to break the nexus between lower energy use and soaring grid charges, and will help ensure that everyone benefits from a local renewable energy transition, and not just those who can afford it. The Powercor tariffs – specially constructed for the people of Newstead, but with a broader energy market transition in mind – introduce a fixed daily network charge of $1 day, and a monthly “demand” charge of $2/kW. It completely removes fees based on kilowatt-hour consumption. Tosh Szatow, from energy consultants Energy for the People, which has been advising the Newstead community group, Renewables Newstead, says the new tariffs will have two significant benefits. One is the way it will make community-owned solar farms, and sharing that solar output, more attractive, because it will eliminate the perverse incentive for individuals to preference rooftop solar, over a shared solar farm, despite the latter option having a lower $/kW installed cost. Read More here 28 February 2018, Energy Live News, Project aims to inject hydrogen into UK gas network. A project that aims to inject hydrogen into a gas network in the UK has officially been launched. The HyDeploy project hopes to establish the potential for blending hydrogen – up to 20% by volume – and is working towards a one-year live trial on part of Keele University’s private gas network, starting in 2019. Led by Cadent, formerly National Grid Gas Distribution, in partnership with Northern Gas Networks and technical experts, the project is currently gathering data from laboratory tests and safety checks on gas appliances in customers’ homes. That includes testing appliances with blends of hydrogen, with data to be submitted to the Health and Safety Executive in April. David Parkin, Director of Safety & Network Strategy at Cadent, said: “HyDeploy will provide important practical evidence to help us understand how hydrogen could help to reduce carbon emissions from heat in a practical and affordable way for UK customers.” Source 12 February 2018, Renew Economy, S.A. to host Australia’s first green hydrogen power plant. The South Australia government has announced funding for what will be Australia’s first renewable-hydrogen electrolyser plant – a 15MW facility to be built near the end of the grid at Port Lincoln on the Eyre Peninsula. The “green hydrogen” plant – to be built by Hydrogen Utility (H2U), working with Germany’s thyssenkrupp – will include a 10MW hydrogen-fired gas turbine, fuelled by local wind and solar power, and a 5MW hydrogen fuel cell. Both will supply power to the grid, will support two new solar farms and a local micro-grid, and will also include “distributed ammonia” that can be used as an industrial fertiliser for farmers and aquaculture operators. The $117.5 million project, which will receive a $4.7 million grant and a $7.5 million loan from South Australia’s Renewable Technology Fund, is being described as a “globally-significant demonstrator project” for the emerging hydrogen energy sector. Read More here 12 February 2018, Climate News Network, Hydrogen could see off fossil fuels. Hydrogen is the least talked-about renewable energy but has the greatest potential to replace fossil fuels, both to heat homes and to provide fuel for road transport. The possibility of using hydrogen has been known about for generations, but only in the last two years has it become both practical and financially viable to see it as a large-scale competitor to both gas and oil. Networks of hydrogen filling stations are now being opened in Europe and parts of the US. Batteries for road transport have attracted most of the recent publicity around renewables and have become the focus of many governments with targets for switching away from petrol and diesel, particularly in cities with air pollution problems. But hydrogen has even greater potential because its only emissions are pure water and warm air. Storage potential What has made hydrogen so attractive is that it can use surplus renewable electricity from wind and solar farms by using electrolysers to produce hydrogen. This is a process of passing an electric current through water and converting it into oxygen and hydrogen. The hydrogen can then be stored. Read More here 13 April 2018, Climate Home News Shipping to halve carbon footprint by 2050 under first sector-wide climate strategy. Global shipping must at least halve its emissions by 2050, under a hard-fought international deal that for the first time sets the sector on course to shrink its carbon footprint. The agreement reached by the International Maritime Organization (IMO) on Friday is an initial step for one of the world’s biggest polluting industries. Over the next five years, negotiators are to develop a package of measures to fulfil the target, delivering a final strategy in 2023. After a tense week of talks, with blocs of countries tussling over the level of ambition, negotiators stuck to a compromise forged the previous week. Climate advocates expressed disappointment the target did not go further, saying full decarbonisation by 2050 was needed to align with the global warming limits in the Paris Agreement. “Nevertheless, this deal provides the very clear policy signal that is needed for international shipping to begin to play its full part to achieve the goals of the Paris Agreement,” Marshall Islands environment minister David Paul and Christiana Figueres, head of the Mission 2020 initiative on climate action, said in a joint statement Thursday evening. It “keeps alive” the possibility to meet the accord’s stretch 1.5C warming limit and to review the strategy in light of new science, they added. Now the task is to decide how to meet those climate goals for shipping. Read More here 28 March 2018, E&E News, Here’s the strategy behind cities’ lawsuits against Big Oil. Lawsuits seeking to make oil companies pay for climate-related damages in California could go forward in both state and federal courts, after judges issued split decisions on where the cases belong. That could give cities and counties behind the claims multiple chances to win. Oil companies need to prevent even one loss to avoid a powerful precedent, legal experts said. “You have a bunch of different judges. If one of them holds the defendants liable even if [others] don’t, that is a huge victory for plaintiffs seeking to establish the defendants are responsible for the harms,” said Ann Carlson, co-director of UCLA School of Law’s Emmett Institute on Climate Change and the Environment. Eight California cities and counties have sued multiple oil companies in separate cases, arguing that combustion of fossil fuels contributes to sea-level rise and other costly impacts. The oil companies petitioned to move the cases to federal court, arguing there were federal issues. That happened automatically. Cities and counties sought to return the cases to state court. Two federal judges — located two floors apart at the U.S. District Court for the Northern District of California in San Francisco — reached different conclusions. Judge William Alsup said late last month that climate change is a global problem, making federal law more appropriate. He kept lawsuits filed by San Francisco and Oakland in his court, against Chevron Corp., BP PLC, ConocoPhillips, Exxon Mobil Corp. and Royal Dutch Shell PLC. Read More here 21 March 2018, WIRED, In the Courtroom, Climate Science Needs Substance – and Style. Chevron would like you to know that it believes in climate change. It also believes people cause it by burning carbon-based fuel—the kind Chevron extracts from the ground, refines, and sells. In fact, Chevron believes all this so hard that today its lawyer said so, in a federal court in San Francisco. Intergovernmental Panel on Climate Change? Yup. They’re right. That’s not as up-is-down as it might sound; Chevron representatives have said as much before. The follow-up questions, though, will be the tricky part. Because what was at stake in that courtroom was not whether the effects of climate change—sea level rise, ocean acidification, weather extremes, wildfires, disease outbreaks—are people’s fault. It was whether a lawsuit could show that specific effects (floods) are specific people’s fault. Specifically, the people at Chevron and BP and ExxonMobil, because San Francisco and Oakland are suing those companies for money to build seawalls and other protective infrastructure. The idea isn’t just that petrochemical transnationals extract, produce, and sell the fuel that puts carbon into the atmosphere. It’s that they knew that was bad, kept doing it anyway, and cut ads and marketing that tried to convince people it wasn’t a problem. But before they could really dig into that, the judge in the case, William Alsup, asked for what he termed a “tutorial.” On March 6, he sent the lawyers on both sides a list of nine questions digging into the basic history and science of climate change. Read More here 20 March 2018, The Guardian, Can climate litigation save the world? Courts are a new front line of climate action with cases against governments and oil firms spiralling, and while victories have so far been rare the pressure for change is growing. Global moves to tackle climate change through lawsuits are poised to break new ground this week, as groups and individuals seek to hold governments and companies accountable for the damage they are causing. On Tuesday, action by 12 UK citizens reaches the high court for the first time, while on Wednesday in San Francisco, the science of climate change will effectively be on trial at a key moment in a lawsuit. The litigation represents a new front of climate action, with citizens aiming to force stronger moves to cut carbon emissions, and win damages to pay the costs of dealing with the impacts of warming. They are inspired by momentous cases from the past, from the defeat of big tobacco to the racial desegregation of schools in the US. Big oil is fighting back hard, but though victories have been rare to date wins are more likely in future, as legal experts say the attitudes of judges often shift with the times. A flurry of billion-dollar cases against fossil fuel companies brought by New York city and communities in California over the rising seas has pushed climate litigation into the limelight. But cases are being brought across the globe, with more than 1,000 suits now logged by the Sabin Center for Climate Change Law at Columbia law school in New York. Read More here 13 April 2018, Climate Home News Shipping to halve carbon footprint by 2050 under first sector-wide climate strategy. Global shipping must at least halve its emissions by 2050, under a hard-fought international deal that for the first time sets the sector on course to shrink its carbon footprint. The agreement reached by the International Maritime Organization (IMO) on Friday is an initial step for one of the world’s biggest polluting industries. Over the next five years, negotiators are to develop a package of measures to fulfil the target, delivering a final strategy in 2023. After a tense week of talks, with blocs of countries tussling over the level of ambition, negotiators stuck to a compromise forged the previous week. Climate advocates expressed disappointment the target did not go further, saying full decarbonisation by 2050 was needed to align with the global warming limits in the Paris Agreement. “Nevertheless, this deal provides the very clear policy signal that is needed for international shipping to begin to play its full part to achieve the goals of the Paris Agreement,” Marshall Islands environment minister David Paul and Christiana Figueres, head of the Mission 2020 initiative on climate action, said in a joint statement Thursday evening. It “keeps alive” the possibility to meet the accord’s stretch 1.5C warming limit and to review the strategy in light of new science, they added. Now the task is to decide how to meet those climate goals for shipping. Read More here 12 April 2018, Carbon Brief, Explainer: These six metals are key to a low-carbon future. The deployment of renewables and electric vehicles is expected to skyrocket as the world strives to reduce greenhouse gas emissions. These low-carbon technologies currently rely on a handful of key metals, some of which have been little-used to date. This raises questions over whether enough of these materials can be mined to ensure a large-scale rollout. Others are concerned that bottlenecks could appear, as metal output rises to meet demand, or that the environmental impacts of mining could undermine carbon savings elsewhere. Carbon Brief takes a look at some of the metals attracting most attention and examines where they come from, the quantities available and whether they could pose risks to meeting the climate targets of the Paris Agreement. Which metals are needed for low-carbon technology? Clean energy technologies often rely on certain key metals which will be needed if they are to continue to expand. Two metals in particular, lithium and cobalt, have seen supply chain fears in recent years, although many other metals are used. Lithium, a soft, silvery-white metal which is also the lightest in the periodic table, is a crucial ingredient of lithium-ion batteries. These are used in everything from smartphones to electric vehicles (EVs), now their biggest consumer. The lithium-ion battery is the battery of choice for most car makers, including Tesla, BMW, Ford and Nissan. Read More here 11 April 2018, Climate News Network, Mountain plants head for the peaks. Mountain plants are heading uphill – with climate change, there seems to be room at the top for more alpine species. Mountain plants are on the rise. The number of species on the highest European mountains has multiplied five fold. Data gathered over 145 years from 302 peaks shows that the count of wild plants that have colonised the highest zones has increased five times faster than during a comparable decade 50 years ago. This may not, in the long run, be good news. The enriching of the high life is unequivocally linked to global warming: changes in precipitation, or in nutrient supplies, are not enough to account for the growth in alpine colonists. More than 50 scientists from Denmark, Norway, Germany, France, Austria, the UK, Italy, Switzerland, Poland, Spain and Slovakia report in the journal Naturethat such change has “potentially far-reaching consequences not only for biodiversity, but also for ecosystem functioning and services.” The finding was possible because European botanists and biologists began assembling data on the plant growth at the highest sites in the 1870s and have maintained their databases ever since.”The strong acceleration in the effects of global warming on plant communities on the peaks does give cause for concern, as we expect far stronger climate change toward 2100” The scientists found that between 1957 and 1966, the average number of species on the 300 peaks increased by 1.1 on average. Between 2007-2016, on average 5.5 species made it to the top. The study does not, so far, suggest that new species have displaced the original residents. But plants adapted to the conditions on the highest peaks may run out of options as the mountains themselves get warmer. Read More here 11 April 2018, RealClimate, Stronger evidence for a weaker Atlantic overturning circulation. Through two new studies in Nature, the weakening of the Gulf Stream System is back in the scientific headlines. But even before that, interesting new papers have been published – high time for an update on this topic. Let’s start with tomorrow’s issue of Nature, which besides the two new studies (one of which I was involved in) also includes a News&Views commentary. Everything revolves around the question of whether the Gulf Stream System has already weakened. Climate models predict this will be one consequence of global warming – alongside other problems such as rising sea levels and increasing heat waves, droughts and extreme precipitation. But is such a slowdown already underway today? This question is easier asked than answered. The Atlantic Meridional Overturning Circulation (AMOC, also known as Gulf Stream System) is a huge, three-dimensional flow system throughout the Atlantic, which fluctuates on different time scales. It is therefore by no means enough to put a current meter in the water at one or two points. Since 2004 there has been a major British-American observation project, called RAPID, which tries to measure the total flow at a particularly suitable latitude (26.5° North) with 226 moored measuring instruments. This provides good results and shows a notable slowdown – but only since 2004, and probably the change over such a short period of time is mainly due to natural fluctuations and in itself hardly reveals anything about the possible effects of climate change. If you want to look further back in time, you have to look for other sources of evidence. In my view, it is the ocean temperatures that are most likely to solve the mystery – because firstly, there is a lot of good data and, secondly, the AMOC has a dominant influence on sea temperatures in large parts of the North Atlantic. In our study – together with colleagues from Princeton and the University of Madrid – we therefore compare all available measurement data sets since the late 19th century with a simulation of a climate model in which the ocean currents are computed in very high resolution. Here is a cool animation: Read More here Fossil fuel emissions have stalled Do you want to understand the complexity of energy systems which support our high consumption lifestyles? Most people don’t give too much thought to where their electricity comes from. Flip a switch, and the lights go on. That’s all. The origins of that energy, or how it actually got into our homes, is generally hidden from view. This link will take you to 11 maps which explain energy in America (it is typical enough as an example of a similar lifestyle as Australia – when I find maps for Oz I’ll add them in) e.g. above map showing the coal plants in the US. Source: Vox Explainers Mapped: how Germany generates its electricity – another example Power to the People – Lock the Gate looks back at the wins of 2015 And there’s lots more coming up in 2016. Some of the big priorities coming up next for the “Lock the Gate” movement are: If you want to give “Lock the Gate” your support – go here for more info This new report reveals that the pollution from Australia’s coal resources, particularly the enormous Galilee coal basin, could take us two-thirds of the way to a two degree rise in global temperature. To Read More and download report The 2006 UK government commissioned Stern Commission Review on the Economics of Climate Change is still the best complete appraisal of global climate change economics. The review broke new ground on climate change assessment in a number of ways. It made headlines by concluding that avoiding global climate change catastrophe was almost beyond our grasp. It also found that the costs of ignoring global climate change could be as great as the Great Depression and the two World Wars combined. The review was (still is) in fact a very good assessment of global climate change, which inferred in 2006 that the situation was a global emergency. Read More here The Garnaut Climate Change Review was commissioned by the Commonwealth, state and territory governments in 2007 to conduct an independent study of the impacts of climate change on the Australian economy. Prof. Garnaut presented The Garnaut Climate Change Review: Final Report to the Australian Prime Minister, Premiers and Chief Ministers in September 2008 in which he examined how Australia was likely to be affected by climate change, and suggested policy responses. In November 2010, he was commissioned by the Australian Government to provide an update to the 2008 Review. In particular, he was asked to examine whether significant changes had occurred that would affect the analysis and recommendations from 2008. The final report was presented May 2011. Since then the Professor has regularly participated in the debate of fossil fuel reduction, as per his latest below: To access his reports; interviews; submissions go here 27 May 2015, Renew Economy, Garnaut: Cost of stranded assets already bigger than cost of climate action. This is one carbon budget that Australia has already blown. Economist and climate change advisor Professor Ross Garnaut has delivered a withering critique of Australia’s economic policies and investment patterns, saying the cost of misguided over-investment in the recent mining boom would likely outweigh the cost of climate action over the next few decades. Read More here Live generation of electricity by fuel type Fossil Fuel Subsidies – The Age of entitlement continues 24 June 2014, Renew Economy, Age of entitlement has not ended for fossil fuels: A new report from The Australia Institute exposes the massive scale of state government assistance, totalling $17.6 billion over a six-year period, not including significant Federal government support and subsidies. Queensland taxpayers are providing the greatest assistance by far with a total of $9.5 billion, followed by Western Australia at $6.2 billion. The table shows almost $18 billion dollars has been spent over the past 6 years by state governments, supporting some of Australia’s biggest, most profitable industries, which are sending most of the profits offshore. That’s $18 billion dollars that could have gone to vital public services such as hospitals, schools and emergency services. State governments are usually associated with the provision of essential services like health and education so it will shock taxpayers to learn of the massive scale of government handouts to the minerals and fossil fuel industries. This report shows that Australian taxpayers have been misled about the costs and benefits of this industry, which we can now see are grossly disproportionate. Each state provides millions of dollars’ worth of assistance to the mining industry every year, with the big mining states of Queensland and Western Australia routinely spending over one billion dollars in assistance annually. Read More here – access full report here What is fossil fuel divestment? Local Governments ready to divest Aligning Council Money With Council Values A Guide To Ensuring Council Money Isn’t Funding Climate Change. 350.org Australia – with the help of the incredible team at Earth Hour – has pulled together a simple 3-step guide for local governments interested in divestment. The movement to align council money with council values is constantly growing in Australia. It complements the existing work that councils are doing to shape a safe climate future. It can also help to reshape the funding practices of Australia’s fossil fuel funding banks. The steps are simple. The impact is huge.The guide can also be used by local groups who are interested in supporting their local government to divest as a step-by-step reference point. Access guide here How coal is staying in the ground in the US Sierra Club Beyond Coal Campaign May 2015, Politico, Michael Grunwald: The war on coal is not just political rhetoric, or a paranoid fantasy concocted by rapacious polluters. It’s real and it’s relentless. Over the past five years, it has killed a coal-fired power plant every 10 days. It has quietly transformed the U.S. electric grid and the global climate debate. The industry and its supporters use “war on coal” as shorthand for a ferocious assault by a hostile White House, but the real war on coal is not primarily an Obama war, or even a Washington war. It’s a guerrilla war. The front lines are not at the Environmental Protection Agency or the Supreme Court. If you want to see how the fossil fuel that once powered most of the country is being battered by enemy forces, you have to watch state and local hearings where utility commissions and other obscure governing bodies debate individual coal plants. You probably won’t find much drama. You’ll definitely find lawyers from the Sierra Club’s Beyond Coal campaign, the boots on the ground in the war on coal. Read More here Oil – conventional & unconventional May 2015, Oil change International Report: On the Edge: 1.6 Million Barrels per Day of Proposed Tar Sands Oil on Life Support. The Canadian tar sands is among the most carbon-intensive, highest-cost sources of oil in the world. Even prior to the precipitous drop in global oil prices late last year, three major projects were cancelled in the sector with companies unable to chart a profitable path forward. Since the collapse in global oil prices, the sector has been under pressure to make further cuts, leading to substantial budget cuts, job losses, and a much more bearish outlook on expansion projections in the coming years. Read full report here. For summary of report USA Sierra Club Beyond Oil Campaign Coal Seam Gas battle in Australia Lock the Gate Alliance is a national coalition of people from across Australia, including farmers, traditional custodians, conservationists and urban residents, who are uniting to protect our common heritage – our land, water and communities – from unsafe or inappropriate mining for coal seam gas and other fossil fuels. Read more about the missions and principles of Lock the Gate. Access more Lock the Gate videos here. Access Lock the Gate fact sheets here 2014: Parliament of Victoria Research Paper: Unconventional Gas: Coal Seam Gas, Shale Gas and Tight Gas: This Research Paper provides an introduction and overview of issues relevant to the development of unconventional gas – coal seam, shale and tight gas – in the Australian and specifically Victorian context. At present, the Victorian unconventional gas industry is at a very early stage. It is not yet known whether there is any coal seam gas or shale gas in Victoria and, if there is, whether it would be economically viable to extract it. A moratorium on fracking has been in place in Victoria since August 2012 while more information is gathered on potential environmental risks posed by the industry. The parts of Victoria with the highest potential for unconventional gas are the Gippsland and Otway basins. Notably, tight gas has been located near Seaspray in Gippsland but is not yet being produced. There is a high level of community concern in regard to the potential impact an unconventional gas industry could have on agriculture in the Gippsland and Otway regions. Industry proponents, however, assert that conventional gas resources are declining and Victoria’s unconventional gas resources need to be ascertained and developed. Read More here 28 January 2015, ABC News, Coal seam gas exploration: Victoria’s fracking ban to remain as Parliament probes regulations: A ban on coal seam gas (CSG) exploration will stay in place in Victoria until a parliamentary inquiry hands down its findings, the State Government has promised. There is a moratorium on the controversial mining technique, known as fracking, until the middle of 2015. The Napthine government conducted a review into CSG, headed by former Howard government minister Peter Reith, which recommended regulations around fracking be relaxed. Labor was critical of the review, claiming it failed to consult with farmers, environmental scientists and local communities. Read more here Keep up to date and how you can be involved here Friends of the Earth Melbourne 20 May 2015, FoE, Inquiry into Unconventional Gas: Check here for details on the Victorian government’s Inquiry into unconventional gas. The public hearings have not yet started, however the Terms of Reference have been released. The state government’s promised Inquiry into Unconventional Gas has now been formally announced, with broad terms of reference (TOR). FoE’s response to the TOR is available here. The Upper House Environment and Planning Committee will manage the Inquiry. You can find the Inquiry website here. The final TOR will be determined by the committee. Significantly, it is a cross party committee. The Chair is a Liberal (David Davis), and there is one National (Melinda Bath), one Green (Samantha Dunn), three from the ALP (Gayle Tierney, Harriet Shing, Shaun Leane), an additional MP from the Liberals (Richard Dalla-Riva), and one MP from the Shooters Party (Daniel Young). Work started by the previous government, into water tables and the community consultation process run by the Primary Agency, will be released as part of the inquiry.The moratorium on unconventional gas exploration will stay in place until the inquiry delivers its findings. The interim report is due in September and the final report by December. There is the possibility that the committee will amend this timeline if they are overwhelmed with submissions or information. Parliament will then need to consider the recommendations of the committee and make a final decision about how to proceed. This is likely to happen when parliament resumes after the summer break, in early 2016. Quit Coal is a Melbourne-based collective that campaigns against the expansion of the coal and unconventional gas industries in Victoria. Quit Coal uses a range of tactics to tackle this problem. We advise the broader Victorian community about plans for new coal and unconventional gas projects, we put pressure on our government to stop investing in these projects, and we help to inform and mobilise Victorian communities so they can campaign on their own behalf. We focus on being strategic, creative, and as much as possible, fun! The above screen shot is of the Victorian State government’s Mining Licences Near Me site. Go to this link to see what is happening in your area Environment Victoria’s campaign CoalWatch is an interactive resource that tracks the coal industry’s expansion plans and helps builds a movement to stop these polluting developments. CoalWatch provides a way for everyday Victorians to keep track of the coal industry’s ambitious expansion plans. To check what tax-payer money has been pledged to brown coal projects and the coal projects industry is spruiking to our politicians. Here’s another map via EV website (go to their website and you should be able to get better detail from Google Maps: Red areas: Exploration licences (EL). These areas are held by companies to undertake exploration activity. A small bond is held by government in case of any damage. If a company wants to progress the project it needs to obtain a mining licence. Exploration Licence applications are marked with an asterix in the Places Index eg. EL4684*. Yellow areas: Mining Licences (MIN). A mining licence is granted with the expectation that mining will occur. A larger bond is paid to government. Green areas: Exploration licences that have been withdrawn or altered due to community concern. Green outline: Existing mines within Mining Licences. Purple areas: Geological Carbon Storage Exploration areas for carbon capture and storage. On-shore areas have been released by the State Government, while off-shore areas have been released by the Federal Government. The Coal Watch wiki tracks current and future Victorian coal projects, whether they are power stations, coal mines, proposals to export coal or some other inventive way of burning more coal. To get the full picture of coal in Victoria visit our wiki page. Get more info and see the full list of Exploration Licences current at 17 August 2012 here August 2015, Institute for Energy Economics & Financial Analysis – powerpoint: Changing Dynamics in the Global Seaborne Thermal Coal Markets and Stranded Asset Risk. Information from one of the slides follows. To view full presentation go here Economic Implications for Australia 83% of Australian coal mines are foreign owned, hence direct leverage of fossil fuels to the ASX is relatively small at 1-2%. However, for Australia the exposure is high, time is needed for transition and the new industry opportunities are significant: 1. Energy Infrastructure: Australia spends $5-10bn pa on electricity / grid sector, much of it a regulated asset base that all ratepayers fund much of it stranded. BNEF estimate of Australia’s renewable energy infrastructure investment for 2015-2020 was cut 30% from A$20bn post RET. Lost opportunities. 2. Direct employment: The ABS shows a fall of ~20k from the 2012 peak of 70K from coal mining across Australia, and cuts are ongoing. Indirect employment material. 3. Terms of trade: BZE estimates the collapse in the pricing of iron ore, coal and LNG cuts A$100bn pa from Australia’s export revenues by 2030, a halving relative to government budget estimates of 2013/14. Coal was 25% of NSW’s total A$ value of exports in 2013/14 (38% of Qld). Australia will be #1 globally in LNG by 2018. 4. The financial sector: is leveraged to mining and associated rail port infrastructure. WICET 80% financed by banks, mostly Australian. Adani’s Abbot Point Port is foreign owned, but A$1.2bn of Australian sourced debt. Insurance firms and infrastructure funds are leveraged to fossil fuels vs little RE infrastructure assets. BBY! 5. Rehabilitation: $18bn of unfunded coal mining rehabilitation across Australia. 6. Economic growth: curtailed as Australia fails to develop low carbon industries. 
14 November 2016, The Conversation, Fossil fuel emissions have stalled: Global Carbon Budget 2016. For the third year in a row, global carbon dioxide emissions from fossil fuels and industry have barely grown, while the global economy has continued to grow strongly. This level of decoupling of carbon emissions from global economic growth is unprecedented.Global CO₂ emissions from the combustion of fossil fuels and industry (including cement production) were 36.3 billion tonnes in 2015, the same as in 2014, and are projected to rise by only 0.2% in 2016 to reach 36.4 billion tonnes. This is a remarkable departure from emissions growth rates of 2.3% for the previous decade, and more than 3% during the 2000’s. Read More here
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21 April 2015, Climate Council, Will Steffen: Unburnable Carbon: Why we need to leave fossil fuels in the ground.Stern Commission Review
Australia’s Garnaut Review
November 2014 – The Fossil Fuel Bailout: G20 subsidies for oil, gas and coal exploration report: Governments across the G20 countries are estimated to be spending $88 billion every year subsidising exploration for fossil fuels. Their exploration subsidies marry bad economics with potentially disastrous consequences for climate change. In effect, governments are propping up the development of oil, gas and coal reserves that cannot be exploited if the world is to avoid dangerous climate change. This report documents, for the first time, the scale and structure of fossil fuel exploration subsidies in the G20 countries. The evidence points to a publicly financed bailout for carbon-intensive companies, and support for uneconomic investments that could drive the planet far beyond the internationally agreed target of limiting global temperature increases to no more than 2ºC. It finds that, by providing subsidies for fossil fuel exploration, the G20 countries are creating a ‘triple-lose’ scenario. They are directing large volumes of finance into high-carbon assets that cannot be exploited without catastrophic climate effects. They are diverting investment from economic low-carbon alternatives such as solar, wind and hydro-power. And they are undermining the prospects for an ambitious climate deal in 2015. Access full report here For the summary on Australia’s susidisation of it’s fossil fuel industry go to page 51 of the report. The report said that the United States and Australia paid the highest level of national subsidies for exploration in the form of direct spending or tax breaks. Overall, G20 country spending on national subsidies was $23 billion. In Australia, this includes exploration funding for Geoscience Australia and tax deductions for mining and petroleum exploration. The report also classifies the Federal Government’s fuel rebate program for resources companies as a subsidy.
