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 8 December 216, The Guardian, Why electric cars are only as clean as their power supply. Experts argue whether electric cars are worse for the environment than gas guzzlers once the manufacturing process and batteries are taken into account. Jorge Cruz has just finished his overnight shift stacking shelves at Whole Foods in Los Altos, California, and is waiting at the bus stop outside. Like much of Silicon Valley, there’s a regular flow of Tesla, BMW, Nissan and Google electric cars that cruise past from their nearby headquarters, and Cruz rather likes them. “I really wouldn’t mind having an electric car,” he says, though his first choice is probably a Honda or an Acura. Regardless, for now, he rides the bus. “I need to save up for a car,” he explains. As Cruz waits, a newly purchased Tesla zips by, advertising “ZERO EMISSIONS” on its license plate. Electric cars have never been closer to the mainstream, the market pushed ahead by California subsidies for electric car buyers, and a wide array of new models from established car firms such as Toyota and Chevy. Tesla’s focus on luxury, high-performance vehicles has also broadened their appeal; electric cars are no longer purely an environmental statement, but a tech status symbol too. Yet the “zero emissions” claim grates on some experts, who have continued to argue over whether electric cars are really more environmentally friendly than gas guzzlers, once the manufacturing process for the vehicles and their batteries are taken into account. Read more here 5 December 2016, The Guardian, Australia is blowing its carbon budget, projections reveal. Australia’s greenhouse gas emissions are rising despite global reduction efforts, according to detailed projections made by the consultants NDEVR Environmental. Australia’s emissions jumped by 2.56m tonnes in the three months to September, putting them 1.55m tonnes off-track compared with commitments made in Paris, and 4.06m tonnes over levels demanded by scientifically based targets set by the government’s Climate Change Authority. Emissions for the year to September are above those for the year to September 2015. The results mean Australia has emitted about twice what is allowed by the CCA’s carbon budget since 2013. In the three years and nine months to September 2016, the country emitted 19.8% of its share of what the world can emit between 2013 and 2050 if it intends to maintain a good chance of keeping warming to below 2C. If Australia continues to emit carbon pollution at the average rate of the past year, it will spend its entire carbon budget by 2031. Projected to the current second, the graphic shows how much of the carbon budget has been spent. Read More here 30 November 2016, The Conversation, Will the latest electricity review bring climate and energy policy together at last? The Australian government is reviewing our electricity market to make sure it can provide secure and reliable power in a rapidly changing world. Faced with the rise of renewable energy and limits on carbon pollution, The Conversation has asked experts what kind of future awaits the grid. Australia’s National Electricity Market (NEM) is under review following the state-wide blackout that hit South Australia in September. The review, led by Chief Scientist Alan Finkel, will “develop a national reform blueprint to maintain energy security and reliability”. Importantly, the Council of Australian Governments (COAG) specifically agreed that the review would consider Australia’s commitment under the Paris climate agreement, and how climate and energy policy can be integrated. Before we consider how the NEM might need to change, it is important to understand how it came about. State responsibility Electricity supply began as a state responsibility. Originally, state-based utilities owned and operated the entire supply chain, from generation to transmission, distribution and retail. With the exception of the Snowy Hydro Scheme, there were no interstate transmission lines. Accessibility and affordability were (and still are) key concerns for the states. As such, electricity prices were equal for all citizens, irrespective of their location or the actual cost of bringing electricity to them. This is still partly reflected in network tariffs today. In the late 1980s, concerns about rising costs to government, but also a worldwide ideological move towards privatisation of public services, drove a shift away from publicly owned utilities. This began with a New South Wales inquiry, which found that NSW could avoid billions of dollars in new investment by connecting its network with Victoria. This set the scene for the development of a more interconnected grid and more general reform. In particular, this was followed by a report from the former Industry Commission in 1991 and the Hilmer Reviewon National Competition Policy in 1993. These reports were dominated by market logic. They argued that competition would make the system more efficient. Governments specifically agreed to reforms that would lead to a fully competitive national electricity market. This involved breaking up and selling the three layers of the electricity sector: generation, networks and retail. Read More here 18 November 2016, Energy Post, Why the future belongs to decentralised renewables, not centralised hydrogen and giga-scale nuclear. What the future of our energy system will look like continues to be a subject of heated debate. According to one well-established tradition, writes Professor John Mathews of Macquarie University in Australia, the route to decarbonisation will run via massive nuclear power systems to the hydrogen economy. But China and to some extent India are emerging as the principal practitioners of an alternative vision of energy growth, underpinning their vast industrialisation efforts with conventional renewables that are the products of manufacturing. According to Mathews, the world is much more likely to follow the second route. Renewables, he argues, are benign, provide energy security, create jobs and above all are the least expensive option. How we envision the future of our energy systems is important as this tends to drive our policies and decisions. In a new scientific paper, “Competing principles driving energy futures: Fossil fuel decarbonisation vs. manufacturing learning curves”, published this month in the journal Futures, I contrast two broad energy visions. Read More here 3 November 2018, The Guardian, Adani yet to sign royalties deal despite claiming to be close to financing mine. The Adani mining company has still not signed a royalties agreement with the Queensland government, despite its claims to be just weeks away from green-lighting the Carmichael mine. This week, Adani’s Australian mining head, Lucas Dow, gave a series of interviews claiming the company was close to financing a slimmed-down, $2bn integrated Carmichael mine, rail and port proposal. Analysts say the strategy is to get the mine into production while spending as little upfront cash as possible. Guardian Australia understands it relies heavily on vendor financing agreements, in which payments to contractors and suppliers are effectively withheld for several years. Adani now insists it can start Carmichael for a fraction of the investment previously required. But Queensland government sources say the slimmed-down plan calls into question Adani’s eligibility to delay payment of royalties.The Queensland treasurer, Jackie Trad, confirmed in a statement that Adani had not yet signed any royalties deal. The government and Adani reached an in-principle agreement about royalties 18 months ago that it is understood would have allowed Adani to defer royalty payments analysts estimate are worth up to $315m in the early years of production. Three days before that agreement was reached, the government adopted a “transparent framework” to allow “first movers” in resource areas to defer royalty payments, which would accrue interest. The framework also served as a compromise to secure support from members of Labor’s left faction uncomfortable with providing direct assistance to Adani. “Our position was originally put to Adani in May last year and we are awaiting their agreement to these terms,” Trad told the Guardian on Friday. Guardian Australia understands clauses in that framework now appear problematic for any formal royalties deal. Access more here 2 November 2018, Renew Economy, A “bat symbol” for renewables: Cannon-Brookes launches “fair dinkum” power. Scott Morrison’s grasp on his favourite Alan Jones-approved energy policy slogan, “fair dinkum power,” continues to slip, as the campaign to reclaim it for renewables rather than coal gains serious momentum. As we reported here yesterday, tech billionaire Mike Cannon-Brookes late Wednesday launched a series of tweets challenging the Morrison government over its labelling of “baseload” and coal power as “fair dinkum” generation, and called for a “movement” to embrace wind and solar – and to dub that “fair dinkum power”. Since then, Cannon-Brookes has registered the brand, created a new Twitter handle, crowd sourced a logo (see above), and is in the process of putting in place “some sort of licensing plan” to use @fairdinkumpower to promote local innovation in renewable energy, storage and other future-supporting technologies. “We’re going to give away the logo, we’re going to open-source it if you like, and try to get people to put their people power behind it,” Cannon-Brookes told The Project on Network Ten on Thursday night. “(It will be a sort of) bat symbol for renewable energy generation, if you like, for people to rally behind. “We’ll use it to promote a lot of Aussie innovations, put it on the side of the (Tesla/Neoen big battery in South Australia). Show the world what we do.” Access more here 30 October 2018 The Guardian, Clean energy is cheap, surging – and headed for a fall. The relentlessly corrosive nature of political debate about climate change can sometimes mask that this is a golden moment for the clean energy industry in Australia. A near-constant stream of investment announcements suggests a barrier has been knocked down such that leading renewable technologies, so long dependent on public subsidies, have assumed market supremacy. In the Pilbara, Macquarie Bank has joined a proposed $22bn project that plans to use solar and wind to run local mines, create “green” hydrogen energy for north Asia and possibly export electricity to Indonesia. In regional South Australia, the British billionaire industrialist, Sanjeev Gupta, has said he considered building a coal plant to run the Whyalla steelworks he bought last year, but decided it was cheaper to throw roughly $1.5bn at solar, pumped hydro storage, battery storage and co-generation (creating energy from waste gas) as he adopts his “green steel” model. Outside Townsville, zinc refiner Sun Metals recently opened Australia’s first large-scale solar farm built by a major energy user to service part of its own needs and feed the grid. Access more here 24 October 2018,Renew Economy, Coalition digs deeper into coal and climate denial. If the Wentworth and Wagga Wagga by-elections were supposed to send a message to Coalition governments about the need to act on carbon emissions and embrace renewables, it hasn’t worked. If anything, it seems the federal government has lurched even further to the hard right, deepened its attachment to coal, and declared its outright hostility to making any moves to increase its emissions reduction targets. It has vowed to do all it can to stop Labor from doing just that, should it win power in the next federal poll. This shouldn’t be a surprise from a government led by the coal-swinging prime minister Scott Morrison, an anti-renewable energy minister in Angus Taylor, and an environment minister in Melissa Price who doesn’t seem to understand that emissions reductions should be a high priority. Morrison turned a tin ear to the public when the extent of the Wentworth wipe-out became apparent on Saturday night. And by Tuesday he and Taylor were “back at work”, doing whatever they could to encourage the proliferation of their fabled new energy source – fair dinkum power – and to take some wild, interventionist shots at big energy that could end up killing competition, rather than boosting it. It’s a staggering and dangerous mix of ideology and incompetence – broken only by the welcome news that the Coalition will not embrace ACCC boss Rod Sims’ long campaign against rooftop solar subsidies, and will allow them to wind down as planned over the next decade. Elsewhere, though, alarm bells are ringing. Access more here 8 September 2023, Climate Home News: UN says more needed ‘on all fronts’ to meet climate goals. The world is not on target to curb global warming and more action is needed on all fronts, the United Nations warned on Friday, in the run-up to crucial international talks aimed at stemming the growing climate crisis. The Global Stocktake report, the latest warning from the U.N. about environmental perils, will form the basis of the COP28 talks in Dubai at the end of the year and follows months of terrifying wildfires and soaring temperatures. The UN report, culminating a two-year evaluation of the 2015 Paris climate agreement goals, distils thousands of submissions from experts, governments and campaigners. “The Paris Agreement has driven near-universal climate action by setting goals and sending signals to the world regarding the urgency of responding to the climate crisis,” it said. “While action is proceeding, much more is needed now on all fronts.” The UN report also calls on governments to scale up renewable energy and phase out all “unabated” fossil fuels, adding both are “indispensible” for a clean energy transition. Nearly 200 countries agreed in 2015 Paris to limit warming to no more than 2 Celsius above pre-industrial levels, and to strive to keep the increase to 1.5 C. While each country is responsible for deciding its own climate actions, they also agreed to submit to a progress report by 2023 to see what more should be done. More than 130 countries sent their submissions. The U.N. said existing national pledges to cut emissions were insufficient to keep temperatures within the 1.5 C threshold. More than 20 gigatonnes of further CO2 reductions were needed this decade – and global net zero by 2050 – in order to meet the goals, the U.N. assessment said. Read more here 8 September 2023, BBC News: Climate change: UN calls for radical changes to stem warming. Tackling climate change needs a rapid transformation of the way our world works, travels, eats and uses energy, according to an important UN review. This is the first “global stocktake” to examine the efforts of countries to reduce planet-warming emissions since the Paris agreement was signed in 2015. While progress has been made, efforts now need to be massively scaled up. The report calls for “radical decarbonisation” with a fast phase out of fossil fuels without carbon capture. Burning fossil fuels like oil, gas and coal to generate electricity emits carbon dioxide, which is the main driver of climate change. Carbon capture in industrial processes and power stations stops most of the CO2 produced from being released, and either reuses it or stores it underground. What is carbon capture and can it fight climate change? A really simple guide to climate change What does net zero mean? Renewable energy also needs significant expansion while deforestation needs to be halted and reversed by 2030. The stocktake report will be considered by political leaders and will be central to global climate talks in Dubai later this year. Over the course of the past two years, the UN has set out to review the promises made by countries who signed the Paris agreement in 2015. At the meeting eight years ago, countries agreed to keep the amount of warming since the industrial revolution well below 2C and make efforts to keep it under 1.5C. The report examines their efforts to cut carbon, to adapt to climate change and how they have mobilised finance and technology to help poorer nations deal with the problem. Read more here 7 September 2023, Climate Home News: A wolf in sheep’s clothing: why Africa should shun carbon markets. Turning Africa into a source of carbon credits will benefit polluters and middlemen, not most Africans and not the planet. There is increasing hype and push for so-called voluntary carbon markets in Africa. Politicians, businesses, some NGOs and big philanthropy are trying to get an African Carbon Market Initiative off the ground, which would allow companies to buy carbon credits in exchange for continued emissions. It’s become a major topic of controversy in the run up to the Africa Climate Summit this month. But Africa’s leaders should think twice before supporting this wolf in sheep’s clothing. The idea is that some of the money paid by the corporations for these “carbon credits” – or more accurately, permits to pollute – would go towards projects in Africa that avoid or reduce emissions: renewable energy projects, or land and nature schemes that aim to capture carbon from the atmosphere. But a number of key questions are being ignored – do they work for African people, the climate and development? or western polluters, they are a silver bullet painkiller that allows them to keep pumping greenhouse gases into the atmosphere. But for Africa, they are a placebo drug that ends up making the pain of climate change far worse. Africa is indeed right to demand climate funding from the global north, who caused the climate crisis which is devastating African people, economies, and nature in the first place. But instead of signing up to a carbon market initiative that is full of booby traps, African leaders should use the opportunity to work together with others in the global south to interrogate where the real and essential money is for the critical role we play in protecting forests and nature, without which the Paris Agreement would fail? Where is the money for the actions to reduce emissions and adapt to climate change that we need and deserve? Read more here 7 September 2023, Climate Home News: Rich countries sink billions into oil and gas despite Cop26 pledge. The United States, Italy and Germany are among rich countries providing billions of dollars of public subsidies to fossil fuel projects abroad this year despite promises to end this support. Export credit and development agencies from six developed nations have approved $4.4 billion in funding for oil and gas projects overseas since the start of 2023, research from campaigning group Oil Change International shows. More than half of the total financing has been provided by the United States ($1.5 billion) and Italy ($1.2 billion), followed by Germany, Japan, the Netherlands and Switzerland. Claire O’Manique from Oil Change International said the countries are “going rogue by backtracking on their commitment to end international public finance for fossil fuels”. “Public money that should be going to support a just transition to renewable energy is instead being pumped into more climate-wrecking fossil fuel projects”, she added. One pledge, many interpretations. Twenty countries signed up to the Glasgow Statement at Cop26 pledging to end new direct public finance for overseas fossil fuel projects by the end of 2022. However, the signatories have interpreted the promise in different ways. The Glasgow pledge allowed exceptions in “limited and clearly defined circumstances that are consistent with a 1.5C warming limit”. The International Energy Agency warned last year that investment in new coal, oil and gas production was incompatible with limiting global warming to 1.5C. 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.
