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 19 November 2016, One Step off the Grid, Enova reaches major milestone, looks to expand and try peer to peer trading. Australia’s first community-based electricity retailer, Enova Energy, has reached major milestone of 1,000 customers, and is already looking to expand its geographic base and push into new areas such as peer to peer trading. Enova, based in Byron Bay in the northern rivers region of New South Wales, says it has reached its 1,000 customer level several months ahead of target, as it seeks to reach its break-even goal of 4,000 customers within the first two years of operation. CEO Steve Harris says the retailer has also attracted a higher number of business customers – 70 so far – which will help revenues, and possibly offset a small impact on margins from rising wholesale prices and high prices for large scale renewable energy certificates. Harris says there is clearly a groundswell of community interest in alternatives to the big oligopolies, and a fair deal on renewable energy. Nova, which describes itself as a “community owned renewable energy company”, pays 10c/kWh for solar feed in tariffs, more than 50 per cent above most retailers. “The higher feed in tariff is paying dividends for us. But it’s about community and it’s about environment. Households and businesses are showing they are quite happy to switch from their existing provider,” Harris told One Step Off The Grid in an interview. Harris says Enova is also benefiting from partnerships, such as a solar bulk buy program on the south coast of NSW, and another solar initiative in the ACT. Read More here 15 November 2016, Energy Post, Biofuels turn out to be a climate mistake. Biofuels are usually regarded as inherently carbon-neutral, but once all emissions associated with growing feedstock crops and manufacturing biofuel are factored in, they actually increase CO2 emissions rather than reducing them, writes John DeCicco of the University of Michigan. According to DeCicco, biofuels are actually more harmful to the climate than gasoline. Ever since the 1973 oil embargo, U.S. energy policy has sought to replace petroleum-based transportation fuels with alternatives. One prominent option is using biofuels, such as ethanol in place of gasoline and biodiesel instead of ordinary diesel. Transportation generates one-fourth of U.S. greenhouse gas emissions, so addressing this sector’s impact is crucial for climate protection. Many scientists view biofuels as inherently carbon-neutral: they assume the carbon dioxide (CO2) plants absorb from the air as they grow completely offsets, or “neutralizes,” the CO2 emitted when fuels made from plants burn. Many years of computer modeling based on this assumption, including work supported by the U.S. Department of Energy, concluded that using biofuels to replace gasoline significantly reduced CO2 emissions from transportation.Biofuels are far from inherently carbon-neutral Our new study takes a fresh look at this question. We examined crop data to evaluate whether enough CO2 was absorbed on farmland to balance out the CO2 emitted when biofuels are burned. It turns out that once all the emissions associated with growing feedstock crops and manufacturing biofuel are factored in, biofuels actually increase CO2 emissions rather than reducing them. Read More here 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. Given this good news, we have an extraordinary opportunity to extend the changes that have driven the slowdown and spark the great decline in emissions needed to stabilise the world’s climate. This result is part of the annual carbon assessment released today by the Global Carbon Project, a global consortium of scientists and think tanks under the umbrella of Future Earth and sponsored by institutions from around the world. Read more here 13 November 2016, Reuters, World CO2 emissions stay flat for third year, helped by China falls: study. World greenhouse gas emissions stayed flat for the third year in a row in 2016, thanks to falls in China, even as the pro-coal policies of U.S. President-elect Donald Trump mean uncertainty for the future, an international study said on Monday. Carbon dioxide emissions from fossil fuels and industry were set to rise a tiny 0.2 percent in 2016 from 2015 levels to 36.4 billion tonnes, the third consecutive year with negligible change and down from three percent growth rates in the 2000,s, it said. The Global Carbon Project, grouping climate researchers, welcomed the flatlining of emissions amid global economic growth. But it cautioned that the world was not yet firmly on track for a greener economy. “It’s far too early to say we’ve reached a peak in emissions,” co-author Glen Peters, of the Center for International Climate and Environmental Research in Oslo, told Reuters, referring to the findings issued at U.N. talks on climate change in Marrakesh, Morocco. “So far the slowdown has been driven by China,” Peters said, adding Beijing’s climate change policies would also be the dominant force in future since it accounts for almost 30 percent of global emissions. Chinese emissions were on track to dip 0.5 percent this year, depressed by slower economic growth and coal consumption. U.S. emissions were projected to fall by 1.7 percent in 2016, also driven by declines in coal consumption, according to the study published in the journal Earth System Science Data. By contrast, emissions in many emerging economies are still rising. Carbon dioxide is the main man-made greenhouse gas blamed for trapping heat, stoking disruptions to world water and food supplies with heat waves, floods, storms and droughts. Read More here 9 November 2018, Renew Economy, Malcolm Turnbull’s double back-flip on 100 per cent renewable energy. Nearly four years after he gushed about electric cars and the thrilling prospects of a battery storage-driven energy revolution, Malcolm Turnbull has shaken off his political shackles and rejoined Team Renewables. In his first major media appearance since being ousted as Prime Minister and leader of the Liberal Party, Turnbull answered audience questions on ABC TV’s Q&A program – including one on energy from tech billionaire and founder of the new Fair Dinkum Power brand and movement, Mike Cannon-Brookes: “Our vision is that Australia can get to 100 per cent renewables and beyond, and that this transition… is not only good for the planet, it presents one of the greatest economic opportunities for our country,” Cannon Brookes said. “So my question to you is, what’s your advice to get politicians on board with our vision? And will you join us?” Turnbull – after some prevarication – conceded that running Australia on 100 per cent renewable energy generation was “theoretically” achievable, with the right mix of generation, storage and supporting technology. This is something he has acknowledge before, when speaking for instance at the launch of the BZE 100 per cent renewable energy plan when he was languishing on the Coalition back-bench. As prime minister, of course, he seized on the blackout in South Australia to demonise renewables and has been dismissing the federal and state renewable targets from Labor as “reckless”. But now he’s back on board with 100 per cent renewables, and it doesn’t seem quite so reckless. 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 30 May 2024, The Conversation: Sleight of hand: Australia’s Net Zero target is being lost in accounting tricks, offsets and more gas.In announcing Australia’s support for fossil gas all the way to 2050 and beyond, Prime Minister Anthony Albanese has pushed his government’s commitment to net zero even further out of reach. When we published our analysis in December on Climate Action Tracker, a global assessment of government climate action, we warned Australia was unlikely to achieve its net zero target, and rated its efforts as “poor.”… The land sleight of hand Because we have very few real emissions policies, our emissions in many sectors are actually rising. The best way to understand this trend is to remove the energy and land use sectors, so we can clearly see how much other areas are rising. When you do, the data shows Australia’s emissions jumped by 3% from 2022 to 2023 and are now 11% above 2005 levels, with the largest growth from transport. Yet just as the Coalition did, our current government says emissions are dropping. How can this be? Yes, energy emissions are dropping. But the real rub is in the famously malleable land use change and forestry sector. This area is the only sector which can act as either a carbon sink or carbon source. If forests are regrowing fast, the sector acts as a sink, offsetting emissions from elsewhere. Our own calculations show that successive governments have kept increasing their projections for how much carbon they believe the land use sector is storing. That’s happened every year since 2018. If you keep changing how big a carbon sink land use is, you seem to make the task of cutting emissions a lot easier. The topline figure of a 25% fall in emissions sounds great. But in reality, there’s been very little change, if we avoid land use. The Albanese government has now repeatedly changed how it calculates how much carbon the land sector is storing, as well as future projections. Between the end of 2021 and 2023, the government’s figures changed markedly. Land use as a way to capture carbon soared, from 16 megatonnes of carbon dioxide equivalent a year to a whopping 88 megatonnes a year as of 2022. This is a staggering 17% of Australia’s 2022 fossil fuel and industry emissions. By changing these projections, our national emissions over 2022-23 magically appear to have fallen 6% in a year. Every time the government recalculates how much carbon the land use sector is storing, the less work it has to do on actually cutting emissions from fossil fuels and industry sectors. That means it only needs emissions from fossil fuel use, industry, agriculture and waste to fall 24% by 2030, rather than 32%. These changes to land use accounting may sound arcane, but they have very real consequences. No credible pathway – The only pathway we have left to limit warming to 1.5°C is political. Leaders must take up their responsibility to actually act and develop measures to rapidly cut carbon emissions.Cutting emissions means not emitting them. Relying on offsets or changing how much we think the land is absorbing is not enough. Sadly, our current government seems set on a sleight of hand. Rather than cutting fossil fuel and industry emissions 50% or more by 2030, as it should, the Australian government’s changes to land use accounting mean it has to do much less.This is not a credible pathway towards net zero. READ MORE HERE 23 May 2024, The Conversation: What is ‘Net Zero’, anyway? A short history of a monumental concept. Last month, the leaders of the G7 declared their commitment to achieving net zero emissions by 2050 at the latest. Closer to home, the Albanese government recently introduced legislation to establish a Net Zero Economy Authority, promising it will catalyse investment in clean energy technologies in the push to reach net zero. Pledges to achieve net zero emissions over the coming decades have proliferated since the United Nation’s 2021 Glasgow climate summit, as governments declare their commitments to meeting the Paris Agreement goal of holding global warming under 1.5°C. But what exactly is “net zero”, and where did this concept come from? Stabilising greenhouse gases In the early 1990s, scientists and governments were negotiating the key article of the UN’s 1992 climate change framework: “the stabilization of greenhouse gas concentrations in the atmosphere at a level that would prevent dangerous anthropogenic [human-caused] interference with the climate system”. How to achieve that stabilisation – let alone define “dangerous” climate change – has occupied climate scientists and negotiators ever since. From the outset, scientists and governments recognised reducing greenhouse gas emissions was only one side of the equation. Finding ways to compensate or offset emissions would also be necessary. The subsequent negotiation of the Kyoto Protocol backed the role of forests in the global carbon cycle as carbon sinks. Read more here 23 April 2024, NOAA Climate.GOV: The Atlantic Meridional Overturning Circulation is weakening in the deep sea of the North Atlantic Ocean, study finds. A new study finds that the Atlantic Meridional Overturning Circulation (AMOC) abyssal limb in the North Atlantic has weakened over the past two decades, contributing to sea level rise in the region. The AMOC consists of an upper cell and a deep sea or abyssal cell that sits underneath. The upper cell transports warm water from the subtropical South Atlantic Ocean across the equator northward toward high latitudes in the North Atlantic, where it cools, sinks, and flows equatorward as cold deep water. It sits atop a cell of colder, denser water at the ice edge of Antarctica known as the abyssal cell. These waters flow north along the seafloor into the North Atlantic where they slowly rise and mix with other waters that flow back to the south. Together, these cells carry a maximum of 25% of the net global ocean and atmosphere energy (heat) transport. Antarctic Bottom Water is the coldest, densest water mass of the oceans, found in the Southern Ocean surrounding Antarctica. The abyssal limb of the AMOC redistributes heat and carbon as it carries Antarctic Bottom Water from the Southern Ocean towards the northern hemisphere. Using mooring observations and hydrographic data from multiple sources in the North Atlantic, the study found that the northward transport of Antarctic Bottom Water at 16°N weakened by about 12% during 2000-2020. This weakening of the abyssal cell is associated with an observed warming throughout the deep Western Atlantic Ocean, contributing to an increase in deep sea heat content and, hence, sea level rise in the region. Read more here 26 March 2024, Carbon Brief: Antarctic sea ice ‘behaving strangely’ as Arctic reaches ‘below-average’ winter peak. Antarctic sea ice is “behaving strangely” and might have entered a “new regime”, the director of the US National Snow and Ice Data Centre (NSIDC) tells Carbon Brief. Following an all-time low maximum in September 2023, Antarctic sea ice has been tracking at near-record-low extent for the past six months. Last month, it hit its 2024 minimum extent, tying with 2022 for the second-lowest Antarctic minimum in the 46-year satellite record. Dr Mark Serreze, director of the NSIDC tells Carbon Brief that more warm ocean water is reaching the surface to melt ice and keep it from forming. He says that we “must wait and see” whether this is a “temporary effect” or whether the Antarctic has entered a “new regime”. Meanwhile, Arctic sea ice has reached its maximum extent for the year, peaking at 15.01m square kilometres (km2) on 14 March. The provisional data from the NSIDC shows that this year’s Arctic winter peak, despite favourable winds that encouraged sea ice formation, was 640,000km2 smaller than the 1981-2010 average maximum. This year’s maximum was the 14th lowest in the satellite record. “Overall, the road remains downhill for Arctic sea ice, but it is quite bumpy along the way,” another scientist tells Carbon Brief. This relatively high winter peak is “notable and a good reminder that we have to communicate and account for this type of weather variability when we talk about Arctic climate change”, he says. He adds that although the maximum is high compared to recent years, the ice is still “much thinner” than it was a few decades ago. The “wide coverage of this thinner ice” means total Arctic sea ice volume for the month of February was the third lowest on record. Record-breaking Antarctic extent Antarctic sea ice has been tracking at or near record-low levels for months. The Antarctic set a record-low maximum on 10 September 2023, with an extent of 16.96m km2. This was “the lowest sea ice maximum in the 1979 to 2023 sea ice record by a wide margin”, and one of the earliest, the NSIDC says. Antarctic conditions over 2023 were “truly exceptional” and “completely outside the bounds of normality”, one expert told Carbon Brief. As 2023 progressed, Antarctic sea ice melt was “slower than average”, the NSIDC says. The total decline in Antarctic sea ice extent through October was 903,000km2, while the October average was 985,000km2. Nevertheless, Antarctic sea ice extent continued to track at a record low. On 31 October 2023, Antarctic sea ice extent was still tracking at a record-low of 15.79m km2. This is 750,000km2 below the previous 31 October record low. The decline in Antarctic sea ice paused for a few days from 9 November, allowing sea ice extent to creep above the November 2016 value, the NSIDC says. This marked the first time that the daily 2023 Antarctic sea ice extent was not the lowest in the record since early May 2023. By the start of December, Antarctic sea ice extent was again at a record low, it notes. The Antarctic saw in the new year with a sea ice extent of 6.37m km2, marking the sixth-lowest New Year’s Day Antarctic sea ice extent on record, the NSIDC says. Ice melted rapidly throughout the month, and by the end of January, daily Antarctic sea ice extent reached 2.58m km2 – tying with 2017 for second lowest on record. 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.
