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
Tag Archives: Emissions
1 February 2016, Renew Economy, Australia emissions surging to record high despite Paris climate deal. Australia’s greenhouse gas emissions are posed to surge to a record high after 2020, and may not reach a peak before 2030 – despite the government’s claim it has been reducing emissions and its support for the Paris climate deal. A new analysis from industry analyst Reputex – a division of global ratings agency Standard & Poor’s – confirms what we already know: despite the Coalition’s rhetoric, emissions in Australia actually rose 1.3 per cent in 2014/15, for the first time since the Coalition was last in power a decade earlier.
But the Reputex survey also notes that Australia’s emissions growth is now among the highest in the world, with the government’s own forecast showing emissions will grow 6 per cent to 2020, despite its “Direct Action” plan and the billions spent in the Emissions Reduction Fund. Ironically, the emissions growth would have been faster, but for the fact that Australia’s economic growth has been downgraded sharply from the optimistic assumptions of successive Labor and Coalition governments. Read More here
1 February 2016, WorldWatch Institute, Carbon Trading a hidden threat to soil carbon sequestration? If something has a price tag, people consider its perceived monetary value. But what if, by measuring the value of our planet’s natural systems using dollar amounts alone, we are minimizing their true worth? And what if our focus on solving global problems with money is taking all of us, especially poorer countries, down the wrong road? One global solution to the world’s climate challenges—soil carbon sequestration—may soon face the “threat of the price tag.” A French climate proposal known as the 4 Per 1000 initiative—aimed at increasing the global stock of agricultural soil carbon by 0.4 percent per year on average—attracted worldwide support and media attention when it was officially launched at the December 2015 United Nations climate talks in Paris. The initiative recognizes that good organic agriculture and grazing practices could increase the soil carbon stock and lead to cascading benefits, including improvements in areas such as soil fertility, climate resilience, the nutritional value of foods, and farmers’ livelihoods, all while reversing climate change (see previous Worldwatch blog). But the potential addition of carbon trading—a market-based tool to moderate carbon emissions—into the strategy raises serious concerns.The principles of the 4 Per 1000 initiative will be clarified at a members-only meeting in the first half of 2016, to guide the projects supported by the initiative. As of now, it is unclear whether carbon trading will be part of the design, nor is it known how heavily this initiative will be branded as “a sink for current emissions,” rather than as a true means to reverse already-excessive past emissions in combination with emission-reduction strategies. However, the enthusiasm for carbon pricing at the Paris talks, together with the fact that the initiative’s goal of “0.4 percent annual increase of soil carbon stock” was back-calculated from current fossil fuel emissions (rather than based on the actual potential of soil carbon sequestration), raises serious concerns. Read more here
28 January 2016, Renew Economy, Hunt under pressure as Australia loses climate cred, gains carbon risk. Australia’s poor record on climate change action and energy market reform has been highlighted by two major global publications this week, bringing environment minister Greg Hunt under renewed pressure to defend his department’s policy. The first, the latest rankings of the Yale environmental performance index – described by Hunt himself as “the most credible, scientifically based, hard data-based analysis in the world – shows Australia has dropped 10 places in its overall ranking on “protecting human health and ecosystems”, leaving it at 13 out of 180 countries examined (just below Saudi Arabia). According to reports, where Australia lost most of its ground on the index was in the categories of electricity generation, where it is ranked at number 150 out of 180, and in climate. This point has been seized upon by Opposition climate spokesman Mark Butler, who said in a statement on Thursday that the index downgrading showed that the Turnbull government was taking Australia backwards on climate change “at a shocking pace”. Butler – who launched the first round of consultation on the Labor party’s 2030 emissions reduction target on Wednesday – also noted that while nearly every other country had improved its EPI score, Australia had turned up very close to the bottom of the pack on carbon trends. “I think the rest of the world is waking up to the fact that although there’s a different person at the front of the government, the policies haven’t changed,” Butler told Fran Kelly in an ABC Radio interview. “We have inadequate targets, we have a government that has no renewable energy policy beyond 2020, and we have a policy in Direct Action that’s actually seeing emissions rise again after having come down 8 per cent during our term in government, they will rise by 6 per cent between now and 2020 according to the government’s own official data.” Read More here