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 17 January 2016, Climate News Network, Grasses’ growing role for American cars. Second-generation biofuel made from natural grass species challenges ethanol derived from maize crops as the US seeks to reduce its fossil fuel use. In tomorrow’s world, it won’t be just the corn on the great American plains that is as high as an elephant’s eye. It will be the elephant grass as well. To deliver on US promises to reduce fossil fuel use, American motorists in future will drive on miscanthus − as elephant grass is also known – and prairie switchgrass. Researchers led by Evan DeLucia, professor of biology at the University of Illinois, report in a new journal, Nature Energy, that to exploit biofuels – which recycle carbon already in the atmosphere, and are therefore technically “carbon-neutral” – Americans will have to think again about how they manage the change away from fossil fuels. Right now, the US Environmental Protection Agency’s Renewable Fuel Standards foresee that by 2022 American motorists will start up their cars with 15 billion gallons (57 billion litres) of ethanol from corn. But this could be augmented by 16 billion gallons (60 billion litres) of biofuel derived from perennial grasses. Energy source The switch to the prairie’s native switchgrass (Panicum virgatum) andEurasian elephant grass (Miscanthus giganteus) will be necessary because there are problems with corn as a source of energy. One is that, in an increasingly hungry world, it reduces the overall levels of food available. The second is that corn requires annual planting, fertilising and harvesting. Perennial grasses simply grow, and can be mown once a year. So by turning over surplus land to swift-growing grasses, and at the same time reducing the levels of carbon dioxide released from cultivation, the US could meet its target of a 7% reduction in its annual transportation emissions by 2022. If farmers went on gradually to switch from corn to the grasses, the reduction could get as high as 12%. Read More here 14 January 2016, Climate News Network. Science opens routes to energy recycling. From turning carbon dioxide into a fuel to enabling cars to run on water, scientific researchers worldwide are unlocking the potential of new energy sources. Molecular biology has been used by scientists in the US to make a catalyst that can split water into hydrogen and oxygen. It means that a truly renewable biotechnological material could be used to help cars run on water. In China, chemists have announced a nanofabric – a catalyst put together atoms at a time – that could begin the process of turning the greenhouse gas carbon dioxide back into fuel. And with what seems like perfect timing, a new technological venture in Switzerland hopes to be the first commercial plant to harvest carbon dioxide from the air. The first two propositions are still in the laboratory stage, and the third has yet to prove its viability. But the laboratory advances keep alive the hopes of the ultimate in energy recycling. In the first process, water provides the energy for a chemical reaction that propels a vehicle, and then ends up again as water from the exhaust pipe of a car. And in the second, a gas released as emissions from fossil fuel could get turned back into fuel. Read more here 14 January 2016, Energy Post, The oil pricequake will doom the global political order. Given the centrality of oil and oil revenues in the global power equation, it is inevitable that depressed oil prices will doom the current global political order, writes Michael T. Klare, a professor of peace and world security studies at Hampshire College. Political turmoil is already raging across the oil heartlands of the planet – and the tremors from the oil pricequake have yet to reach their full magnitude, notes Klare. As 2015 drew to a close, many in the global energy industry were praying that the price of oil would bounce back from the abyss, restoring the petroleum-centric world of the past half-century. All evidence, however, points to a continuing depression in oil prices in 2016 – one that may, in fact, stretch into the 2020s and beyond. Given the centrality of oil (and oil revenues) in the global power equation, this is bound to translate into a profound shakeup in the political order, with petroleum-producing states from Saudi Arabia to Russia losing both prominence and geopolitical clout. To put things in perspective, it was not so long ago – in June 2014, to be exact – that Brent crude, the global benchmark for oil, was selling at $115 per barrel. Energy analysts then generally assumed that the price of oil would remain well over $100 deep into the future, and might gradually rise to even more stratospheric levels. Such predictions inspired the giant energy companies to invest hundreds of billions of dollars in what were then termed “unconventional” reserves: Arctic oil, Canadian tar sands, deep offshore reserves, and dense shale formations. It seemed obvious then that whatever the problems with, and the cost of extracting, such energy reserves, sooner or later handsome profits would be made. It mattered little that the cost of exploiting such reserves might reach $50 or more a barrel. Read More here 14 January 2016, New York Times, In Climate Move, Obama Halts New Coal Mining Leases on Public Lands. The Obama administration announced on Friday a halt to new coal mining leases on public lands as it considers an overhaul of the program that could lead to increased costs for energy companies and a slowdown in extraction. “Given serious concerns raised about the federal coal program, we’re taking the prudent step to hit pause on approving significant new leases so that decisions about those leases can benefit from the recommendations that come out of the review,” said Interior Secretary Sally Jewell. “During this time, companies can continue production activities on the large reserves of recoverable coal they have under lease, and we’ll make accommodations in the event of emergency circumstances to ensure this pause will have no material impact on the nation’s ability to meet its power generation needs.” The move represents a significant setback for the coal industry, effectively freezing new coal production on federal lands and sending a signal to energy markets that could turn investors away from an already reeling industry. President Obama telegraphed the step in his State of the Union address on Tuesday night when he said “I’m going to push to change the way we manage our oil and coal resources so that they better reflect the costs they impose on taxpayers and our planet.” Read More here 30 June 2017, Renew Economy, Another blow to CCS, as EU power giants bow out of Dutch project. European power giants Engie and Uniper have withdrawn from a test project to capture and store carbon dioxide generated by one of several major new coal plants in the Netherlands, dealing yet another blow to the prospects of “clean coal” technology, in which the Australian government and fossil fuel lobbyists still hold much stock. Reuters reported this week that the two companies – one of which, Engie, the majority owner of Australia’s Loy Yang B brown coal-fired power station in Victoria’s Latrobe Valley, and who recently closed Hazelwood, – had told the Dutch government they no longer intended to participate in the CCS project, the biggest of its kind in Europe. Holland’s economic affairs Minister Henk Kamp said in a statement he would “examine whether legal steps can be taken to recoup” unspecified subsidies paid to the companies if they had not changed their minds by mid-September. The minister also said that the companies’ withdrawal from the project “changed nothing” in the government’s resolve to develop large-scale CCS demonstration projects. Read More here 29 June 2017, Renew Economy, Coal on limited lifespan as CCS hopes go up in smoke. The coal industry is facing a new crisis point as a group of leading scientists call for the construction of new coal generators to cease within three years, and as the industry’s flagship “clean coal” and carbon capture and storage project went up in smoke in the US. As reported elsewhere on this web site, the US energy utility Southern Co finally gave up on its much-vaunted Kemper coal gasification and CCS project, after costs soared from $US1.8 billion to more than $US7.5 billion ($A10 billion), and it realised it wasn’t going to work. On Wednesday, US time, it announced it would cease operations immediately on the coal component of the project, and just use the asset as a gas generator. Shareholders already saddled with $US3.1 billion of losses face a further $US3.4 billion write down if Southern Co can’t convince regulators to pass those costs on to consumers bills. The spectacular failure of the Kemper facility – more than $US7.5 billion for a 582MW plant, the most expensive in US history per MW – comes amid a renewed call for new coal generation to be stopped in its tracks, and for existing coal generation to be wound back rapidly. In an article in Nature magazine, more than 60 scientists and prominent leaders, including the former UNFCCC secretary Christiana Figures, and former ACTU president Sharan Burrow, now general secretary of the International Trade Union Confederation, say the world has three years to set emissions on the right course. It recommends a six-point plan, including no new coal generators post 2020, accelerating wind and solar and other renewables, retiring all coal-fired generators and boosting electric vehicles. “The climate math is brutally clear: While the world can’t be healed within the next few years, it may be fatally wounded by negligence until 2020,” writes co-author Hans Joachim Schellnhuber from the Potsdam Institute for Climate Impact Research. Read More here 28 June 2017, Renew Economy, “Baseload”: An outdated term that should not be confused with “reliability”. The “coal versus no new coal” debate has come to define the battle lines over Australia’s energy future. It can basically be boiled down to one concept: the assumption that we have to rely on baseload power for the reliability and security of out electricity supply. A new report from the US highlights how the concept of “baseload” is really just an artefact of an old industry, and points out that baseload should not be confused with reliability. The two do not go hand in hand, and hanging on to the term is getting in the way of planning for the future. “Baseload power”, however, is a line encouraged by the fossil fuel industry, happy that “baseload” has become a marketing tool, in the same way that it has exploited the idea of “clean coal” and “energy poverty” to pursue their interests. The Brattle Group report was commissioned by the NRDC, a US-based NGO, just as the Trump administration prepares its own battle over the future of “baseload” in a rapidly changing energy market. It prompted this series of tweets. Read More here 22 June 2017, Renew Economy, Australia’s new citizenship test: swear allegiance to Queen and Coal. The Coalition government’s new citizenship test appears to include talking points that might have been prepared by the coal industry in defending their role in climate change.Details of the extraordinarily complex reading material that new citizens are being asked to comprehend, in preparation for their citizenship tests, have been revealed in The Australian newspaper, which was concerned by the level of complexity in the language. What struck us at RenewEconomy from the examples used by The Australian was the nature of the content. It looked like marketing spiel from the coal industry, so we checked it out further. Take this, for example: “Clean coal is another avenue for improving fuel conversion efficiency. Investigations are under way into super-clean coal (35 per cent ash) and ultraclean coal (less than 1 per cent ash). Super-clean coal has the potential to enhance the combustion efficiency of conventional pulverised fuel power plants.” And on it goes. You can read more here. But having absorbed this, the hopeful new citizen is then given some practice multiple choice questions. Such as: Read More here and be astounded by the audacity! 14 April 2022, Climate Home News: Saudi Arabia dilutes fossil fuel phase out language with techno fixes in IPCC report. Saudi Arabia watered down a major UN climate science report by pushing for the use of unproven technologies that would allow the continued extraction of oil and gas, sources close to the negotiations have told Climate Home News. The Intergovernmental Panel on Climate Change (IPCC)’s latest report focuses on how to halt global heating below 2C and to 1.5C in line with the Paris Agreement. While it deals with solutions, this is the most politically sensitive part of the IPCC’s three-part assessment. Publication was delayed by six hours on Monday following a marathon 40-hour session over the weekend for scientists and government representatives to finalise its summary for policymakers – the longest approval plenary in the IPCC’s 34-year history. The document concludes “a substantial reduction in overall fossil fuel use” is needed to tackle the climate crisis. But compared to earlier drafts, there is a much stronger emphasis on technologies to capture and store carbon dioxide underground (CCS) as a potential solution that extends the lifespan of coal, oil and gas infrastructure…. In the negotiations, Saudi Arabia was isolated on the issue. But its vocal position may have provided cover for others with similar views. “The US was silent on CCS,” Teresa Anderson, climate justice lead at ActionAid International, told Climate Home. “It really seemed like they were happy to let Saudi Arabia be the bad guys.”Read more here 21 March 2022, The Guardian: Antarctic areas reach 40C above normal at same time as north pole regions hit 30C above usual levels. Startling heatwaves at both of Earth’s poles are causing alarm among climate scientists, who have warned the “unprecedented” events could signal faster and abrupt climate breakdown. Temperatures in Antarctica reached record levels at the weekend, an astonishing 40C above normal in places. At the same time, weather stations near the north pole also showed signs of melting, with some temperatures 30C above normal, hitting levels normally attained far later in the year. At this time of year, the Antarctic should be rapidly cooling after its summer, and the Arctic only slowly emerging from its winter, as days lengthen. For both poles to show such heating at once is unprecedented. The rapid rise in temperatures at the poles is a warning of disruption in Earth’s climate systems. Last year, in the first chapter of a comprehensive review of climate science, the Intergovernmental Panel on Climate Change warned of unprecedented warming signals already occurring, resulting in some changes – such as polar melt – that could rapidly become irreversible. The danger is twofold: heatwaves at the poles are a strong signal of the damage humanity is wreaking on the climate; and the melting could also trigger further cascading changes that will accelerate climate breakdown. Read more here 14 March 2022, Renew Economy: “We hold a hose:” Emergency Services chiefs call out Morrison’s failure on climate. Dozens of Australia’s high ranking emergency services leaders have called out the Morrison Government for its failures to prepare for the impacts of climate change and continued failures to address Australia’s contributions to greenhouse gas emissions. The group of 37 former fire and emergency service chiefs issued a joint call under the Emergency Leaders for Climate Action collective, saying the Morrison government had been warned of the potential for major flooding events during 2022, but it failed to take any actions to prepare for their impacts. One of Australia’s longest-serving fire chiefs, former commissioner of Fire & Rescue NSW Greg Mullins, says it is clear the Morrison Government has consistently failed to heed the advice of experts on climate change and the need for better preparation to respond to the growing threat of floods, droughts, and bushfires. “Time and again this government fails to listen to expert advice. There are 80 recommendations of the Royal Commission into National Natural Disaster Arrangements gathering dust,” Mullins said. “The Government has failed to implement them. Our elected leaders in Canberra are failing communities right around the country impacted by this disaster, and the thousands of emergency service volunteers and professionals who willingly place their own lives in danger by responding to increasingly frequent and dangerous climate-fuelled disasters.” “Those of us who do hold hoses know just how dangerous climate change has become. Australia is under-prepared, and Canberra has no answers to how it will rapidly slash emissions this decade.” 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 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.
