What you will find on this page: LATEST NEWS; Fossil fuel emissions have stalled; Analysis: Record surge of clean energy in 2024 halts China’s CO2 rise; does the world need hydrogen?; 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 9 March 2017, The Guardian, Renewable energy spike led to sharp drop in emissions in Australia, study shows. A sharp drop in Australia’s greenhouse gas emissions at the end of last year came courtesy of a spike in renewable energy generation in a single month, according to a new study. Australia’s emissions fell by 3.57m tonnes in the three months to December, putting them back on track to meet quarterly commitments made in Paris after a blowout the previous quarter. The fall is the largest for the quarter since the government began recording emissions in 2001. The report’s authors said this was entirely due to record levels of hydro and wind generation in October. This brought emissions for the year to December to below the year to December 2015. But projected emissions for the December quarter were still 6.89m tonnes over levels demanded by scientifically based targets set by the government’s Climate Change Authority. And, long term, the results show Australia is set to run more than 300m tonnes over what is required to meet its Paris targets in 2030. Read More here 1 February 2017, Renew Economy, Eight reasons why Dr Finkel is great news for Australia’s energy future. Our electricity grid looks likely to progress more systematically to a cleaner more secure future thanks to Australia’s Chief Scientist Dr Alan Finkel being brought in – to lead the analysis and policy recommendations. For those who could not make Tuesday night’s 2.5 hour session in Adelaide with him, here are some of the key comments made by him and his team: 1. Dr Finkel and SA’s Chief Scientist Leanna Read both see the grid becoming 100% renewable powered as the end point. 2. Dr Finkel is walking the talk: all electricity at his home is sourced from green power electricity and he is an electric car user. 3. He and his team will travel shortly to other renewable energy leading regions with few grid interconnections to share best practices for SA (Texas and Ireland), to high penetration locations committing to further quick transitions to distributed renewables (California, New York, Denmark, France, UK and Germany) and meeting GE and Siemens who are leading in creating distributed grid systems and controllers and grid storage. Read More here 3 January Jeremy Leggett Blog, State of The Transition: As fossil fuel diehards take over The White House, the evidence of a fast-moving global energy transition has never been clearer. As captains of the fossil fuel industries and their lobbyists prepare to take over the White House – appointed by a President elected by a minority, claiming to represent the people on an anti-elite ticket yet possessing by far the highest cumulative wealth of any cabinet ever – they will face evidence breaking out all around them of a fast-moving global energy transition threatening to strand the fossil fuels they seek to boost. “World energy hits a turning point”, a Bloomberg headline read on 16th December. “Solar power, for the first time, is becoming the cheapest form of new electricity,” the article marvelled. Analysis of the average cost of new wind and solar in 58 emerging-market economies – including China, India, and Brazil – showed solar at $1.65 million per megawatt and wind at $1.66. Google leads the giant corporations eagerly going with this flow. The largest corporate buyer of renewable energy announced on 6th December that it expects to hit its target of 100% renewable power in, wait for it, 2017. Google is a huge consumer of power, and going solar means deep emissions cuts, especially when solar infrastructure is hooked up with all the digital efficiency-enhancement fandangoes that Silicon Valley giants are zeroing in on in the fast emerging era of artificial intelligence in an internet of things. Read More here 16 December 2016, The Conversation, Full response from Craig Kelly. In relation to this FactCheck on electricity prices, Liberal MP Craig Kelly sent the following comments and sources to support his statement: Firstly, RenewEconomy – a pro renewable energy website. They quote prices (in US cents per kilowatt hour) in the USA at 12 cents per kilowatt hour and Australia at 29 cents – so on their numbers it’s actually closer to 2.4 times higher rather than double. These costs are described as “average national electricity prices” which I’d take as both businesses and households. However, I’d note that these figures can bounce around a bit subject to exchange rate fluctuations. Secondly, a report titled Electricity Prices in Australia: An International Comparison by CME (an energy economics consultancy focused on Australian electricity, gas and renewables markets) concludes: “In 2011/12 average household electricity prices in Australia (just under 25 cents/kWh) were 12% higher than average prices in Japan, 33% higher than the EU, 122% higher than the US.” Read More here 29 August 2019, The Guardian, Adani mine would be ‘unviable’ without $4.4bn in subsidies, report finds. Australian governments will give $4.4bn in effective subsidies to Adani’s Carmichael coal project, which would otherwise be “unbankable and unviable”, a new analysis has found. The report, by the Institute of Energy Economics and Financial Analysis, concluded that the project would benefit from several Australian taxpayer–funded arrangements – including subsidies, favourable deals and tax concessions – over its 30-year project life. It said the project would be further supported by public handouts, tax breaks and special treatment provided to Adani Power, the proposed end-user of the thermal coal in India. “If these subsidies were not being provided, Adani’s Carmichael thermal coal mine would be unbankable and unviable,” the report said. “The subsidies have been provided in an effort to get Adani’s thermal coal mine up and operating for the sake of a handful of jobs and a bag of royalties, payable in a decade or so.” In a detailed statement, Adani said the institute was “known for publishing alarmist papers that attempt to discredit the fossil fuel industry” and said the report “attempts to resurrect old and patently false and inaccurate claims suggesting the Carmichael project will only be viable because of a variety of government subsidies”. Read more here 9 July 2019 Renew Economy: Australia’s emissions surge again, and now well behind Paris trajectory. Australia is falling further behind its Paris emission reduction targets, as the latest emissions estimate from consultancy NDEVR Environmental shows a surge in the first quarter of 2019, increasing the gap between Australia’s emissions and the trajectory that the government insists will be met “in a canter”. In the first three months of 2019, NDEVR estimates in the latest edition of its ‘Tracking 2 Degrees Report’ that Australia’s emissions jumped by 3.4 million tonnes CO2-e compared to the same period a year prior, or around 2.5%. The emissions increase was driven by a substantial increase in electricity emissions, which jumped 8.2%, due to a slight fall in renewable electricity and a rise in fossil fuel generation. NDEVR Environmental track’s Australia’s progress against the emissions reduction targets it has committed to under the Paris Agreement. Its timel and accurate estimates of Australia’s emissions contrasts with the Government’s often late delivery of emissions updates despite orders of Parliament mandating deadlines for their release. The trend shows Australia falling increasingly behind the trajectory needed to achieve its Paris target, which requires Australia to reduce overall emissions through to 2030 by a range of 26% to 28% from 2005 levels. Access more here 3 June 2019, The Conversation, Explaining Adani: why would a billionaire persist with a mine that will probably lose money? By mid-June, if everything goes as expected, Adani Australia will receive the final environmental approvals for its proposed Carmichael coal mine and rail line development. Newspaper reports based on briefings from Adani suggest that, once the approvals are in place, the company could begin digging “within days”. On Friday the Queensland government approved Adani’s plan to protect a rare bird, apparently leaving it with just final regulatory hurdle: approval for its plan to manage groundwater. Its billboards in Brisbane read: “We can start tomorrow if we get the nod today”. But several big obstacles remain. Even after governments are out of the way, it will have to deal with markets and companies that aren’t keen on the project. Read more here 6 June 2019, The Conversation, Whichever way you spin it, Australia’s greenhouse emissions have been climbing since 2015. Let me explain how to see through the spin on Australia’s rising greenhouse emissions figures. With the release today of Australia’s emissions data for the December 2018 quarter, federal energy and emissions reduction minister Angus Taylor has been more forthcoming than usual about the rising trend in Australia’s emissions. There’s one small issue, though. Despite Taylor’s comments in which he sought to explain away Australia’s 0.7% year-on-year rise in emissions as a product of increased gas investment, actual emissions in the December quarter were in fact down relative to the September 2018 quarter. This is due mainly to the fact that people use much more energy for heating in the July-September period than they do during the milder spring weather of October-December. Taylor, meanwhile, was discussing the “adjusted” data, which reveals an 0.8% increase between the two quarters. This might all sound like minor quibbling. But knowing the difference between quarterly and annual figures, and raw and adjusted data – and knowing what’s ultimately the most important metric – is crucial to understanding Australia’s emissions. And it might come in handy next time you’re listening to a politician discussing our progress (or lack thereof) towards tackling climate change. Read more here 13 November 2024, New York Times, Gavin Schmidt and : We Study Climate Change. We Can’t Explain What We’re Seeing. The earth has been exceptionally warm of late, with every month from June 2023 until this past September breaking records. It has been considerably hotter even than climate scientists expected. Average temperatures during the past 12 months have also been above the goal set by the Paris climate agreement: to keep global warming below 1.5 degrees Celsius over preindustrial levels. We know human activities are largely responsible for the long-term temperature increases, as well as sea level rise, increases in extreme rainfall and other consequences of a rapidly changing climate. Yet the unusual jump in global temperatures starting in mid-2023 appears to be higher than our models predicted (even as they generally remain within the expected range). While there have been many partial hypotheses — new low-sulfur fuel standards for marine shipping, a volcanic eruption in 2022, lower Chinese aerosol emissions and El Niño perhaps behaving differently than in the recent past — we remain far from a consensus explanation even more than a year after we first noticed the anomalies. And that makes us uneasy. Why is it taking so long for climate scientists to grapple with these questions? It turns out that we do not have systems in place to explore the significance of shorter-term phenomena in the climate in anything approaching real time. But we need them badly. It’s now time for government science agencies to provide more timely updates in response to the rapid changes in the climate. Read more here 12 November 2024, Pearls & Irritations: America first, Earth last: Australia’s security now needs a climate focus. There’s a new, stark reality we must face: Donald Trump’s victory will push the Earth system further down a perilous path towards three degrees Celsius of global warming or more, with catastrophic consequences for human civilisation and the environment. This moment requires clarity about the existential nature of the climate threat to humanity’s future; and a collective commitment to decisive action, because time has run out for slow, incremental policy change. With global leaders gathering at the 29th annual UN climate policy-making meeting in the petrostate of Azerbaijan, the born-again climate denialist President Trump will cast a long shadow over proceedings. His denialism will trigger others to do less. Trump will soon preside over the world’s leading fossil-fuel producing nation, and his stance on climate — to supercharge fossil fuel development, slash pollution regulations and pull out of the Paris Agreement — is the antithesis of what’s required. It will push up US emissions by four billion tons by 2030. His agenda absolves governments of climate responsibility, and is a direct assault on global efforts to prevent and mitigate the crisis. An informal alliance of climate-denying, politically authoritarian petrostates including the United States now looms. But effective climate action requires unprecedented global cooperation, rather than conflict, and courageous political leadership: a collective architecture for survival and the political architects who make it their primary purpose in public life. Climate is the biggest threat to Australians’ future, and security dependence on an alliance with a country whose government will be climate denialist, authoritarian and increasingly antidemocratic is a nostalgic illusion. Read more here 11 November 2024, Carbon Brief: Guest post: What 1.5C overshoot would mean for climate impacts and adaptation. With average global temperatures set to see another record high this year, the chances of holding warming to no more than 1.5C continue to dwindle. Keeping warming below 1.5C by the end of the century – in line with the long-term goal of the Paris Agreement – now likely involves “overshooting” 1.5C and then bringing temperatures back down later by removing carbon dioxide (CO2) from the atmosphere. (What this means for “net-negative” emissions is covered in a previous guest post.) This raises a number of unknowns in terms of what overshoot means for the impacts of climate change on the planet, people and ecosystems. For example, even if global temperatures can be brought back down again by the end of the century, will the impacts of climate change also reduce? Will coral reefs be able to recover or will glaciers reform? What will it mean for the world’s coastlines, food production and endangered species? For the past three years, we have been working on a Horizon Europe-funded project called PROVIDE to dive deeper into what overshoot really looks like for countries, regions and cities. This data is available on the Climate Risk Dashboard – a tool to help people see how climate change will affect them and how it depends on the actions taken today. Until carbon emissions are reduced to net-zero, the world will not stop warming. Delay will result in ever more intense climate impacts – and increase the risk of crossing irreversible thresholds. Urban heat stress under overshoot One of the clearest and most acute impacts of climate change is on extreme heatwaves. Our findings suggest that, were global average temperatures to decline, extreme heat events in most locations will also decrease, on average. But achieving a new balance in local climates would be a slow process, influenced by ongoing climate system adjustments for decades – if not centuries – to come. Reversing climate change would most probably take several decades, even if overshoot is limited to a few tenths of a degree. This implies that the climate risks that generations alive today will be exposed to are largely determined by collective actions today. Read more here 6 November 2024, The Conversation: The frozen carbon of the northern permafrost is on the move – we estimated by how much. Among the most rapidly changing parts of our planet are the coldest landscapes near the top of the globe, just south of the Arctic. This region is warming two to four times faster than the global average. The frozen ground beneath these “boreal” forests and treeless plains or “tundra” is thawing, fast. That’s a problem because the permafrost holds enormous amounts of vulnerable carbon, more than twice as much carbon as is already present in the atmosphere. Some of that carbon is now on the move. We wanted to find out just how much carbon and nitrogen is being released from the northern permafrost region. The environment can be a source of greenhouse gases, or a “sink” – effectively soaking up carbon and removing it from the atmosphere. So we had to determine and balance the budget. As part of the Global Carbon Project, we have now published the first full greenhouse gas budget tallying sources and sinks for the northern permafrost region. It contains a mixed bag of good and not-so-good news for the climate. What is permafrost, and why should we be concerned? Permafrost is ground that stays frozen. It may contain soil, peat, rocks and ice. Often, remnants of ancient plants and animals such as the now extinct woolly mamooth can also be seen. In such cold conditions, plants mainly grow during summer. New leaf litter and dead plants are then quickly frozen and permanently stored for thousands of years. This has led to the buildup of a phenomenal store of carbon: more than a trillion tonnes. For comparison, all tropical forests and soils store less than half that amount. Read more here 27 January 2025, Carbon Brief: A record surge of clean energy kept China’s carbon dioxide (CO2) emissions below the previous year’s levels in the last 10 months of 2024. However, the new analysis for Carbon Brief, based on official figures and commercial data, shows the tail end of China’s rebound from zero-Covid in January and February, combined with abnormally high growth in energy demand, stopped CO2 emissions falling in 2024 overall. While China’s CO2 output in 2024 grew by an estimated 0.8% year-on-year, emissions were lower than in the 12 months to February 2024. Other key findings of the analysis include: As ever, the latest analysis shows that policy decisions made in 2025 will strongly affect China’s emissions trajectory in the coming years. In particular, both China’s new commitments under the Paris Agreement and the country’s next five-year plan are being prepared in 2025. Read More Here 3 November 2020, Carbon Brief: Hydrogen gas has long been recognised as an alternative to fossil fuels and a potentially valuable tool for tackling climate change. Now, as nations come forward with net-zero strategies to align with their international climate targets, hydrogen has once again risen up the agenda from Australia and the UK through to Germany and Japan. In the most optimistic outlooks, hydrogen could soon power trucks, planes and ships. It could heat homes, balance electricity grids and help heavy industry to make everything from steel to cement. But doing all these things with hydrogen would require staggering quantities of the fuel, which is only as clean as the methods used to produce it. Moreover, for every potentially transformative application of hydrogen, there are unique challenges that must be overcome. In this in-depth Q&A – which includes a range of infographics, maps and interactive charts, as well as the views of dozens of experts – Carbon Brief examines the big questions around the “hydrogen economy” and looks at the extent to which it could help the world avoid dangerous climate change. Access full article here Fossil fuel emissions have stalled 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 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 Coal & Gas Free Victoria 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. Analysis: Record surge of clean energy in 2024 halts China’s CO2 rise
In-depth Q&A: Does the world need hydrogen to solve climate change?
3 May 2016, Carbon Brief, The global coal trade doubled in the decade to 2012 as a coal-fueled boom took hold in Asia. Now, the coal trade seems to have stalled, or even gone into reverse. This change of fortune has devastated the coal mining industry, with Peabody – the world’s largest private coal-mining company – the latest of 50 US firms to file for bankruptcy. It could also be a turning point for the climate, with the continued burning of coal the biggest difference between business-as-usual emissions and avoiding dangerous climate change. Carbon Brief has produced a series of maps and interactive charts to show how the global coal trade is changing. As well as providing a global overview, we focus on a few key countries: Read More here/cdn0.vox-cdn.com/uploads/chorus_asset/file/3915730/EIA%20coal%20power%20plants.png)
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.
