Monthly Archives: February 2016

PLEA Network

3 February 2016, Renew Economy, Senate to inquire into carbon risk, despite Coalition objection. The Australian Senate is to begin an inquiry into carbon risk disclosure in Australia, following a proposal by the Greens after the ground-breaking Paris climate agreement reached late last year. The inquiry is due to report in June and will study carbon risk disclosure practices among Australian companies, regulatory oversight, international practice, and Australia’s involvement in the G20 Financial Stability Board discussions on carbon risk impacts. “The Paris Agreement finalised in December 2015 has fundamentally changed the investment landscape,” said Emma Herd, the head of The Investor Group on Climate Change (IGCC), which represents most major investment houses and superannuation funds. “When 195 nations agreed to a goal of limiting global warming to 2°C moving towards 1.5°C, it immediately became clear that all companies will need to stress test their commercial strategy for a two degree scenario and disclose to the market the risks and opportunities for their business.” The inquiry will focus on corporate disclosure, although given the decisions at state and federal level in recent weeks, it might also want to focus on the carbon risk for the Australian economy as a whole. New data this week revealed that Australia was increasing its emissions at a faster rate than any other developed economy, and was not likely to peak its emissions before 2030. The lack of new funding for Direct Action means that there is now no policy in place to reduce emissions. Investment in renewables remains at a standstill. Read More here

PLEA Network

3 February 2016, Nature Communications, Evidence for the stability of the West Antarctic Ice Sheet divide for 1.4 million years. Past fluctuations of the West Antarctic Ice Sheet (WAIS) are of fundamental interest because of the possibility of WAIS collapse in the future and a consequent rise in global sea level. However, the configuration and stability of the ice sheet during past interglacial periods remains uncertain. Here we present geomorphological evidence and multiple cosmogenic nuclide data from the southern Ellsworth Mountains to suggest that the divide of the WAIS has fluctuated only modestly in location and thickness for at least the last 1.4 million years. Fluctuations during glacial–interglacial cycles appear superimposed on a long-term trajectory of ice-surface lowering relative to the mountains. This implies that as a minimum, a regional ice sheet centred on the Ellsworth-Whitmore uplands may have survived Pleistocene warm periods. If so, it constrains the WAIS contribution to global sea level rise during interglacials to about 3.3 m above present. Read More here

PLEA Network

2 February 2016, The Guardian, Queensland gives Adani environmental permit for Carmichael coalmine. Huge project clears one more hurdle, but financial uncertainty still hovers over the mine and related rail and port construction at Abbot Point. Adani has secured an environmental permit from the Queensland government to build Australia’s largest coal mine. The Indian conglomerate was issued an environmental authority for its Carmichael mine, west of Bowen in north Queensland, by the department of environment and heritage on Tuesday. It is one less hurdle for Adani’s highly contested plans, after its Australian chief complained last week that delays in government approvals were “incentivising” green activists to plot further legal challenges to stymie the company’s progress. Adani still needs to obtain significant bank funding to realise its $16.5bn mine, rail and port project. It must convince the Queensland government it has obtained “financial closure” before it will be allowed to begin dredging near Great Barrier Reef waters to expand the Abbot Point export facility. A lull in world coal demand and moves in India to rely less on imported thermal coal have cast doubt on the future of the mine. Adani still has to obtain a mining lease from the Queensland government. The state land court last year recommended resources minister Anthony Lynham approve the lease after a legal challenge by conservation group Coast and Country failed to persuade the judge that the mine would have any impact on Asian coal consumption. Read more here

PLEA Network

2 February 2016, Climate News Network, Useful waste offers win-win benefits. An unsung success story in the switch to renewable energy is the use of waste to produce gas – and a valuable by-product. The future is increasingly bright for renewable energy, with the US aiming to cut the price of solar photovoltaics by 75%between 2010 and 2020. Denmark plans to obtain 50% of its energy from windjust five years from now. But one form of renewable energy – and one which attracts few headlines – manages to create two useful products at the same time, and is making a growing contribution to combatting climate change. The medieval alchemists who sought to turn base metal into gold would have thrilled at   chemistry that let them turn waste into both fuel and fertiliser. Their twenty-first century successors have discovered the secret of doing exactly that. Unwanted food, animal waste, municipal rubbish, crop and forestry residues, sewage and dozens of other left-overs of civilisation can and are now being turned into methane to generate electricity, provide district heating and to fuel road vehicles. Big contribution This largely unheralded revolution takes different forms across the world, mostly because governments set their own rules to encourage the technology, and also because local circumstances provide contrasting piles of waste. But in every case the waste can be converted into gas for use as fuel. Although the technology is only part of the solution to climate change, theEuropean Biogas  Association estimates that over time it should be able to replace 30% of current natural gas consumption in Europe. The technology is roughly the same whatever the size of the plant or its location. Biogas plants use microbes to eat waste in an oxygen-free environment to produce methane, and leave fertiliser or soil conditioner as a useful by-product. The plants vary from small household types, very popular in China and India, to farm plants and larger-scale municipal installations in Europe.  Read More here