5 August 2015, Carbon Pulse, Australia’s electricity emissions rise at quickest pace in a decade. Carbon emissions from Australia’s electricity generation sector over the past two months rose at the quickest pace since 2004, as coal replaced renewables and natural gas in the mix, a report said Wednesday. Annual carbon emissions from the National Electricity Market, which accounts for around a third of Australia’s total GHG emissions, increased 1.2% the past two months, according to Cedex, a monthly emissions update from consultants Pitt & Sherry. Coal’s share of emissions rose to 76.3% in the 12 months to July 2015, the report said, compared to 72.7% in the year to June 2014, after which the government dismantled the carbon price. The increase came as electricity demand continued to rise at a modest pace, while gas, wind and hydro generation all slowed, paving the way for more coal consumption. The decline in gas gathered pace as more of the lower-emitting fuel was being exported, according to the report. Meanwhile, the energy-intensive process of liquefying gas for export added to domestic coal use. “There is an element of irony in the fact that production of LNG, much of which will be used to generate lower emission electricity in the destination countries, is using large quantities of coal fired electricity in Australia,” said Hugh Saddler, principal consultant at Pitt & Sherry. “In doing so, it is already on track to increase Australia’s emissions by between 1.5 and 2.0 million tonnes CO2‐e per annum, a figure which is certain to get much bigger in the next two or so years.” Read More here
4 August 2015, The Guardian, G20 countries pay over $1,000 per citizen in fossil fuel subsidies, says IMF. World’s leading economies still paying trillions in subsidies despite pledges to phase them out, new figures show. Subsidies for fossil fuels amount to $1,000 (£640) a year for every citizen living in the G20 group of the world’s leading economies, despite the group’s pledge in 2009 to phase out support for coal, oil and gas. New figures from the International Monetary Fund (IMF) show that the US, which hosted the G20 summit in 2009, gives $700bn a year in fossil fuel subsidies, equivalent to $2,180 for every American. President Barack Obama backed the phase out but has since overseen a steep rise in federal fossil fuel subsidies. Australia hosted the most recent G20 summit, where prime minister Tony Abbott was forced to reaffirm the commitment to the phase out, but it still gives $1,260 per head in fossil fuel subsidies. The UK, which is cutting renewable energy subsidies, permits $41bn a year in fossil fuel subsidies, which is $635 per person. In contrast, Mexico, India and Indonesia, where per capita subsidies average $250, have begun cutting fossil fuel support. The vast fossil fuel subsidies estimated by the IMF for 2015 include payments, tax breaks and cut-price fuel. But the largest part is the costs left unpaid by polluters and picked up by governments, including the heavy impacts of local air pollution and the floods, droughts and storms being driven by climate change. The [new] figures reveal the true extent to which individual countries are subsidising pollution from fossil fuels – Lord Nicholas Stern. The IMF, which published a global estimate – $5.3tn a year – of fossil fuel subsidies in May, calculates that ending fossil fuel subsidies would slash global carbon emissions by 20%, a huge step towards taming global warming. Read More here