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 15 February 2016, Renew Economy, BP’s energy outlook barely changed after Paris climate agreement to achieve net zero emissions this century. Yet the 2016 BP energy outlook, published this week, shows the oil company’s views on the shape and direction of energy demand over the next 20 years have barely shifted. Carbon Brief explores why BP’s outlook appears impervious to the world’s first universal, global commitment to cut emissions. Models are wrong Before looking at the findings of BP’s outlook, it’s worth remembering that it is a modelling exercise. While models can be useful, they’re always wrong, particularly when it comes to energy. Forecasts often say more about the assumptions of the modellers than anything else. The most rigorous projections explore a range of plausible assumptions. Aware of these limitations, BP’s outlook starts with a hefty disclaimer that’s worth quoting from: “Forward-looking statements involve risks and uncertainties because they relate to events, and depend on circumstances, that will or may occur in the future. Actual outcomes may differ depending on a variety of factors.” Likely outlook Now that we’ve got the small print out of the way, let’s turn to the main findings of the outlook. The report’s focus is a “base case”. This is the “most likely” future scenario, according to BP. Has that future shifted as a result of the Paris climate agreement? Has its expectations shifted after 189 countries pledged to tackle their emissions? The charts below compare the path of energy and CO2 emissions growth between 2015 and 2035, according to BP’s energy outlooks from 2014, 2015 and 2016. The most striking feature is how little has changed. It is almost as if Paris never happened. Where there are differences, economic factors seem to be at work rather than the climate treaty. Read More here 8 February 2016, The Guardian, Queensland miners’ call for tax relief to save jobs is ‘outrageous’, say opponents. Queensland’s resources industry has called on the state and federal governments for help to save thousands of jobs after a study showed that a third of the state’s coalmines are running at a loss. The report, commissioned by the Queensland Resources Council (QRC), also found that more than half of the mines producing thermal coal for power stations were losing money. “It’s really time for government to sit down with the industry and see what we can do to hang onto the jobs we’ve got,” the chief executive of QRC, Michael Roche, told ABC radio. Roche said governments must consider what support could be given to the industry, such as tax relief. He said conditions were some of the worst faced in decades. But the anti-mining group Lock the Gate said it was “outrageous” for miners to claim more help from the state government, which he said already gave $3bn a year in various subsidies to the industry. “The industry is inherently cyclical and there is no case for industry relief. The industry should have been prepared for the inevitable downturn,” said spokesman Drew Hutton. “Mining is a long-term business and it obviously did a very poor job in managing its cashflow. The Queensland government must resist subsidising mining and rewarding them for poorly managing their businesses.” Roche estimated that 21,000 jobs had been lost in the industry in Queensland in the past two years as demand from China has slowed and commodity prices have plunged. “We would like government to think about what we need to do to protect the remaining 60,000 jobs in the Queensland resources sector,” Roche said. But Lock The Gate said the industry provided less than 3% of jobs in Queensland and that rehabilitating the landscape from the impact of open-cut coal mining in particular would create far more employment than financial relief for existing operations. Read More here 7 February 2016, Reuters U.N. agency seeks to end rift on new aircraft emission rules. Europe and the United States tried to bridge differences over emissions standards for aircraft on Sunday as global aviation leaders prepared to adopt new rules that could affect Boeing Co and Airbus Group’s production of the largest jetliners and freighters. Proposals being debated in Montreal by the International Civil Aviation Organization (ICAO), the United Nations’ aviation agency, would force makers of the world’s largest passenger jets to upgrade or stop producing certain models as early as 2023, according to sources close to the negotiations and documents seen by Reuters. U.S. and European negotiators are trying to come up with the world’s first carbon dioxide emissions standards for aircraft as part of the industry’s contribution to efforts to combat climate change. Aviation was not included in the global climate deal agreed by a UN conference in Paris in December, but ICAO is trying to nail down the first of its two-part strategy as soon as Monday after six years of talks. It is due to finalize a market-based mechanism for all airlines later this year. Differences remain on where to place the bar on efficiency, with the United States and Canada pushing for more stringent targets than the European Union, while environmental groups have accused Europe of dragging its feet. “The CO2 standard will push industry to be as fuel-efficient as possible in all market conditions to reduce GHG (greenhouse gas) emissions and the impact of aviation on climate change,” stated the Canadian paper presented at ICAO last week. Read More here 5 February 2016, Renew Economy, Five things we learned this week about Tony Turnbull/ Malcolm Abbott. Remember Tony Abbott? He was the leader of the Coalition government who thought that climate change was crap, dismantled the carbon price, trashed the Climate Council, and tried to dismantle the Climate Change Authority, the Australian Renewable Energy Agency and the Clean Energy Finance Corp. Tony Abbott brought investment in large scale renewable energy to a screeching halt by threatening to kill the renewable energy target, and then cutting it sharply, so encouraging a capital strike by major utilities. He also threatened to decimate the ranks of climate scientists through major cuts to the CSIRO. He said he hated the sight of wind farms, and said he thought coal was good for humanity. Remember Malcolm Turnbull? He was the former Opposition leader who enthusiastically launched the Beyond Zero Emissions Plan for a rapid transition to 100 per cent renewable energy in Australia in 2010, who spoke of the moral and economic importance of acting decisively on climate change, who spoke of Direct Action as “irresponsible” and a “fig leaf” for a climate policy, and who spoke of many fine Liberal policy initiatives in whole sentences. Nearly six months ago, something strange happened. Malcolm Turnbull became prime minister after Tony Abbott was dumped by his own party. But nothing changed. If the swap had been made by deed poll or a cardboard cut-out, the practical impact on climate and clean energy policies would have been no greater. The carbon price is still scrapped, the “fig leaf” remains the centrepiece of the great policy misnomer Direct Action; Australia’s emissions are surging to a record high; the capital strike by utilities continues and large scale renewables investment remains at zero; the legislation to repeal the CCA, ARENA and the CEFC has not been withdrawn; coal is still considered good for humanity, and even a solution to hunger; and 300 or so climate scientists have just been told, in the parlance of modern football, to “do one” by the CSIRO and find another job. Yet, in spite of all this, all Turnbull needs to do to be assured of election victory this year – in the absence of a credible opposition leader – is to make sure he does not actually morph into Tony Abbott. That means woo-ing the “soft centre” who chose to believe – like they did in 2013 – that Tony Abbott would “do the right thing”, despite all the evidence to the contrary. In fact, Malcolm Turnbull doesn’t even need to be Malcolm Turnbull. He certainly doesn’t need to drop Abbott’s policies, and appears to have made a promise not to. A new composite figure, call him Malcolm Abbott or Tony Turnbull, has emerged. How do we know this? Here’s five reasons why: Read More here 20 September 2017, Renew Economy, Back to 2009: Abbott declares war on everything. Well, that turned out well didn’t it. Despite prime minister Malcolm Turnbull’s desperate attempts to appease the conservative faction of his Coalition government by compromising everything he ever stood for on climate and clean energy, it’s clearly not enough. In doing so, Abbott has done what Turnbull dared not in the past two years: jettison Abbott-era policies. While Turnbull was too afraid to make those policies more ambitious, Abbott has now come out and effectively dumped the very policies he put in place: its Paris climate commitment, and the much-reduced renewable energy target.His predecessor Tony Abbott effectively dialled back the climate and energy debate to 2009 by announcing that he would cross the floor and vote against anything that looked remotely like a climate change policy, or represented even the smallest subsidy for renewable energy. Abbott has reinforced his assertion that climate science is “crap”. In an interview on Rupert Murdoch’s Sky News with climate denier and renewables hater Alan Jones and his former chief of staff Peta Credlin, Abbott rates climate changes as “a third order” issue. Read More here 15 September 2017, Renew Economy, Blackouts and baseload: Debunking myths of AEMO reports and Liddell. The day after the release of the two key reports from the Australian Energy Market Operator last week – its annual Electricity Statement of Opportunities and the specially commissioned report on dispatchable generation requested by the federal government – RenewEconomy could barely believe what it read and heard in the media. Consumers were being frightened into thinking that the lights were going out, the economy would collapse, and they’d all be better off going out to buy a generator and a supply of candles and batteries. The only possible solution to the crisis, we were told, was to stop renewable energy and keep the Liddell coal generator on line. What was missed – in the fog of politics, ideologies and deliberate misinformation – were the fundamental messages of the two reports: that the energy system is transitioning quickly, and it is more or less unstoppable, because of the march of technologies and global trends. This is not a bad thing, AEMO boss Audrey Zibelman underlined. But it does require some policy certainty and some co-ordination to ensure that Australia’s dirty, expensive and increasingly unreliable grid can be transformed into a smarter, cleaner, more reliable and cheaper source of power. Read More here 12 September 2017, Renew Economy,AEMO: Our advice was pretty straight forward, we need dispatchability. As the federal Coalition continues to push the case for an ageing, unreliable, and slow moving coal generator to maintain energy security in the 2020s, the Australian Energy Market Operator has underlined its advice to the government last week: it wasn’t a push for more baseload. “We need flexible capacity that can be switched on and off, and we need to transition to a new generation of Australia’s principal energy market institutions, and the newly-formed Energy Security Board. “Our advice was fairly pragmatic,” Zibelman said. “We are concerned that on a 45°C day if we lose a generator (which AEMO has said is quite likely) we want reserves in the system to be able to respond. “In our report we identified the fact that with amount of variability (from solar and wind energy and electricity usage) is changing rapidly, we need resources that can change rapidly. “That may be different to traditional baseload resources, which do not move a lot. It doesn’t mean baseload is bad, it’s just that we need a different portfolio. (Baseload) may not be able respond in the time period we need it to respond.” Sound like Liddell? Not really. The plant owner AGL Energy has made it clear that Liddell is old, increasingly unreliable, expensive to maintain, prone to unexpected outages and can’t be relied upon at times of peak demand, particularly as temperatures rise. Zibelman’s comments, like the two AEMO reports it released last week, contrast starkly with the Coalition government’s contention that AEMO had insisted that rapid action was needed, and that that rapid action must mean that Liddell’s life span must be extended. Zibelman made it absolutely clear that her preference was for fast, flexible technologies, both in supply and demand, and bother in front and behind the meter. Importantly, it had to be technology that the market operator could rely upon. Read More here 12 September 2017, Renew Economy, Turnbull’s energy obstructionism is Abbott’s climate denial revisited. There is a grim precedent for the Australian Coalition government’s decision to push for coal and ignore the majority of expert: the same government’s rejection of climate science. Like his predecessor, Tony Abbott, prime minister Malcolm Turnbull is simply refusing to listen. Abbott said that climate science was “crap”, and Turnbull is saying the same thing in response to what he is being told by energy experts. To insist that extending the life of the Liddell coal-fired generator in the NSW Hunter valley is the only option available to keep the lights on is to simply ignore the advice of the Australian Energy Market Operator, as well as by the chief scientist Alan Finkel, the CSIRO, the owners of networks, the big gentailers and any number of individual experts and academics. AGL could not have made it any clearer, after the meeting with the PM on Monday, if it hadn’t already done so, about the state of the Liddell plant. For a government married to the concept of “baseload” power, it is an extraordinary decision to put its hopes on this piece of aged machinery. It makes no economic sense, no environmental sense, and is a potential engineering catastrophe. Turnbull and energy minister Josh Frydenberg have even picked up the Abbott-era sloganeering and name-calling: Blackout Bill, Brownout Butler and No-coal Joel (Fitzgibbon). You don’t need facts to play a game like this, in fact you are better off without them. Just ask Peta Credlin about the “carbon tax”. Indeed, it is no coincidence that the politicians wagging the tail of the dog on this issue are the very same who fought the science of climate change: Abbott, deputy prime minister Barnaby Joyce, ex resources minister Matt Canavan, environment committee head Craig Kelly, and around half of the back-bench. Read More here 4 March 2022, The Conversation: Victims of NSW and Queensland floods have lodged 60,000 claims, but too many are underinsured. Here’s a better way. As South-East Queensland and New South Wales wade through the devastation of storms and flooding that now threatens the greater Sydney region, residents and businesses will be turning to insurance as their only hope of recovery. More than 60,000 claims have been lodged in seven days. Unfortunately, many people will find that they are either not insured or underinsured against this sort of catastrophe either because premiums have become unaffordable or because they have become unavailable because of the increasing frequency of extreme weather events. Without insurance payouts they will find it hard to recover, causing emotional and economic hardship for them, their communities and the Australian economy. The insurance gap keeps growing The potential for disaster and the lack of insurance to pay for recovery were already known. Australia is among the most exposed countries in the world to extreme weather events and also one of the least insured advanced economies. Floods in March 2021 resulted in A$2.9 billion worth of damage. Read more here 3 March 2022, The Conversation: After the floods comes underinsurance: we need a better plan. The floods affecting Australia’s eastern seaboard are a “1 in 1,000-year event”, according to New South Wales Premier Dominic Perrottet. But that’s not what science, or the insurance industry, suggests. Throughout Australia in areas prone to fires, cyclones and floods, home owners and businesses are facing escalating insurance costs as the frequency and severity of extreme weather events increase with the warming climate. Premiums have risen sharply over the past decade as insurers count the cost of insurance claims and factor in future risks. The latest report from the Intergovernmental Panel on Climate Change, published this week, predicts global warming of 1.5℃ will lead to a fourfold increase in natural disasters. Rising insurance premiums are creating a crisis of underinsurance in Australia. In 2017 the federal government tasked the Australian Competition and Consumer Commission to investigate insurance affordability in northern Australia, where destructive storms and floods are most common. The commission delivered its final report in 2020. It found the average cost of home and contents insurance in northern Australia was almost double the rest of Australia – $2,500 compared with $1,400. The rate of non-insurance was almost double – 20% compared with 11%. Read more here 28 February 2022, The Conversation: New IPCC report shows Australia is at real risk from climate change, with impacts worsening, future risks high, and wide-ranging adaptation needed. Climatic trends, extreme conditions and sea level rise are already hitting many of Australia’s ecosystems, industries and cities hard.As climate change intensifies, we are now seeing cascading and compounding impacts and risks, including where extreme events coincide. These are placing even greater pressure on our ability to respond. While the work of adaptation has begun, we have found the progress is uneven and insufficient, given the risks we face. These findings are from our work as co-authors of the new Australia and New Zealand chapter in the Intergovernmental Panel on Climate Change 6th Assessment Report on Impacts, Vulnerability and Adaptation, released today. What does the report mean for Australia? This new report represents the efforts of over 270 climate change experts to review and synthesise the latest information. These authors collectively examined over 34,000 peer reviewed publications about how climate change is affecting ecosystems and societies, future risks, adaptation enablers and limits, and links to climate resilient development. Climate change is bringing hotter temperatures, more dangerous fire weather, more droughts and floods, higher sea levels, and drier winter and spring months to southern and eastern Australia, amongst other changes. These changes are increasing the pressure on our natural environment, settlements, infrastructure and economic sectors including agriculture, finance and tourism. In low-lying areas along our coasts, where so many Australians live, homes, infrastructure and ecosystems will be lost to the rising sea if mitigation and adaptation are inadequate. Read more here 24 February 2022, The Conversation: Climate change is warping our fresh water cycle – and much faster than we thought. Fresh water cycles from ocean to air to clouds to rivers and back to the oceans. This constant shuttling can give us the illusion of certainty. Fresh water will always come from the tap. Won’t it? Unfortunately, that’s not guaranteed. Climate change is shifting where the water cycle deposits water on land, with drier areas becoming drier still, and wet areas becoming even wetter. Our research published today in Nature has found the water cycle is changing faster than we had thought, based on changes in our oceans. This concerning finding underlines the ever more pressing need to end the emissions of gases warming the atmosphere before the water cycle changes beyond recognition. If this sounds serious, it is. Our ability to harness fresh water makes possible modern society. The water cycle has already changed As the Earth warms up, the water cycle has begun to intensify in a “wet-gets-wetter-dry-gets-drier” pattern. This means more and more freshwater is leaving dry regions of the planet and ending up in wet regions. 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.
