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 23 December 2015, Carbon News Network, Improving soils cuts carbon and grows more food. One straightforward way to combat both climate change and mass hunger is to replace carbon lost from the soil. All sorts of clever, expensive and downright daft ideas for removing carbon from the atmosphere have been suggested, but one of the simplest and most effective – building up carbon in the soil – hardly rates a mention. It is a process that happens naturally, but intensive agriculture, deep ploughing, heavy artificial fertiliser use and cutting down forests have impoverished soils worldwide. If the process could be reversed by adding extra organic matter to the soil each year, then the worst effects of climate change could be averted. Although the issue was hardly raised in the two weeks of negotiations on theParis Agreement in early December, behind the scenes the way farmers produce crops remains central to knowing whether we can hope to avoid the full impact of the warming climate. More than 100 of the 196 countries present in Paris which submitted plans beforehand on how to reduce their own carbon emissions put agriculture, forestry and replacing carbon in soils into their programmes. Better yields Also, on the fringes of the conference, the CGIAR Consortium, a partnership of leading agricultural research organisations, announced a US$225 million five-year plan to mitigate climate change by putting carbon back into the soil while improving developing world agricultural yields. This is part of a much longer-running international initiative started by France,the 4% Initiative, which aims to increase the carbon content of soil by four parts per thousand each year, enough to counteract human interference with the climate from the continued burning of fossil fuels. Read More here
22 December 2015, BBC, Australia approves Abbot Point coal port expansion. Australia has approved the expansion of an existing coal port at Abbot Point near Bowen in north Queensland. The controversial project will see Abbot Point become one of the world’s biggest coal ports. The expansion will involve dredging one million cubic metres of spoil near the Great Barrier Reef which will then be dumped on land. Conservationists have said the project will have a significant impact on the area’s wildlife and surrounds. The expansion project is key to the success of a coal mine to be built by India’s Adani Mining – the Carmichael project. Adani expects to export coal from the expanded port. Australian Environment Minister Greg Hunt approved the expansion of the project on Thursday. ‘Damaging dredge’ Environmental group WWF said 61 hectares of seabed would be “ripped up”, creating the dredge spoil. “It’s disappointing that the minister has approved this project within the [Barrier Reef area], despite the damage it will do,” spokeswoman Louise Matthiesson said. “Damaging dredge plumes will be created harming sea grass and potentially reaching nearby coral reefs,” she added. In an original proposal for the port expansion, the dredge spoil was to be dumped at sea. However, in response to public pressure, that proposal was not approved. Read More here 17 December 2015, The Guardian, There is a new form of climate denialism to look out for – so don’t celebrate yet. After the signing of a historic climate pact in Paris, we might now hope that the merchants of doubt – who for two decades have denied the science and dismissed the threat – are officially irrelevant. But not so fast. There is also a new, strange form of denial that has appeared on the landscape of late, one that says that renewable sources can’t meet our energy needs. Oddly, some of these voices include climate scientists, who insist that we must now turn to wholesale expansion of nuclear power. Just this past week, as negotiators were closing in on the Paris agreement, four climate scientists held an off-site session insisting that the only way we can solve the coupled climate/energy problem is with a massive and immediate expansion of nuclear power. More than that, they are blaming environmentalists, suggesting that the opposition to nuclear power stands between all of us and a two-degree world. That would have troubling consequences for climate change if it were true, but it is not. Numerous high quality studies, including one recently published by Mark Jacobson of Stanford University, show that this isn’t so. We can transition to a decarbonized economy without expanded nuclear power, by focusing on wind, water and solar, coupled with grid integration, energy efficiency and demand management. In fact, our best studies show that we can do it faster, and more cheaply. Read more here 15 December 2015, Carbon Pulse, After Paris, UN’s new “light touch” role on markets to help spawn carbon clubs. It may take years for enough governments to ratify the new Paris Agreement for it to come into force, or to agree on the rules underpinning the new emissions trading mechanism enshrined by it, but any parties wanting to link up their carbon markets under the pact need not wait. The agreement approved by 195 governments in the French capital on Saturday carried provisions effectively setting up two tracks for the use of market-based mechanisms in meeting nations’ emissions reduction pledges, now officially known as Nationally Determined Contributions (NDCs). Article 6.4 of the agreement takes a centralised approach, establishing a market-based mechanism akin to the Kyoto Protocol’s CDM or JI, which is to be developed by countries between now and 2020. It will create a new type of carbon unit that, similar to those generated under Kyoto, can be used by governments that have ratified the agreement. Articles 6.2 and 6.3, on the other hand, allow for decentralised ‘cooperative approaches’ that let countries and other jurisdictions with markets bilaterally and multilaterally link them together, in what many now refer to as ‘carbon clubs’. These clubs will now be able to trade units, recognised under the Paris Agreement as being “Internationally Transferrable Mitigation Outcomes”, or ITMOs, that are backed by robust accounting measures and not counted more than once towards a country’s target. These cooperative approaches, says Jeff Swartz, director of international policy at IETA, “set up the framework for a much deeper world of cooperation” on carbon markets. “It says ‘here’s a framework, some basic rules of the road’. It’s different from Kyoto’s top-down approach in that it lets countries drive,” added Nat Keohane, vice president for global climate at US-based Environmental Defense Fund (EDF). Both spoke to reporters on Tuesday in a conference call hosted by the two organisations. Read More here 11 May 2017, Renew Economy, Budget papers reveal jobs to grow at CEFC, but CCA left without funds. While the Turnbull government’s second budget distinguished itself for its complete lack of provisions for – or even references to – climate change, RenewEconomy did notice that the papers flagged an increase in staff numbers at the Clean Energy Finance Corporation, from 80 people to 101. According to the CEFC, the staff increase noted in the budget reflects the green bank’s expectation that it will need more hands on deck to manage its “expanding and diversified” investment portfolio. And that’s because it is doing very well. “The budget papers show that we are forecast to exceed the target $800 million to $1 billion of new contracted investments during 2016/17, which is a considerable step up in the level of investment over prior periods,” a CEFC spokesperson told RE in an email. “As the CEFC’s investment portfolio progressively grows (currently $1.5 billion invested and $3 billion committed of the $10 billion appropriated to CEFC), the Board of the CEFC must ensure it has the requisite resources in place to properly manage those investments and associated business risks, on behalf of the Australian taxpayer, in an efficient and effective manner,” the email said. The extra funds contrasts with the fate of the Climate Change Authority, which has been effectively defenestrated by the Coalition government. Once again, its funding does not extend beyond the coming financial year, as the Coalition repeats its desire to close the authority. The CCA, established by Labor and the Greens to provide independent advice on climate targets and policies, has been embroiled in controversy in recent months, leading to resignations from key board members such as Clive Hamilton and John Quiggin, over what they described as compromised reports. But even these have been ignored by the Coalition. The CEFC has also been on the coalition’s hit list, but is now tolerate given it has chalked up an impressive track record since its inception in 2013. The LNP has shifted from describing the CEFC as a “giant green hedge fund” or “honeypot to every white-shoe salesman imaginable,” to claiming it as a major national success; one that marked its third year of operation with a record $837 million committed to new clean energy investments, contributing to projects with a total value of $2.5 billion, and achieving a 73 per cent year-on-year increase in the value of new investment commitments. Read more here 10 May 2017, Renew Economy, Turnbull abandons fig leaf and stands naked on climate policy. You would think that with all the hoo-ha about the scandalous increases in electricity prices that it would have rated some sort of mention in the budget. You know, one of the biggest cost inputs for business being addressed in the government’s economic centrepiece. But no. The 2nd Morrison/Turnbull fiscal document blithely ignores the issue, despite the fact that their lack of policy direction in the last few years has been the major contributor to the price surges that are scorching household and business budgets. There’s some pointless extra money for coal seam gas, the removal of some funds for carbon capture (finally) and some previously promised funds for solar thermal (about time), and even another thought bubble on Snowy Hydro – this time to buy it out from the state governments. See Matt Rose’s article for more details. But there is nothing on climate change, no grand vision on energy. There are no new funds for the Direct Action policy that Turnbull had once ridiculed as a fig leaf for a climate action, and nothing on what might take Australia along the path to the pledge it signed in the Paris deal – effectively to reach zero net emissions by 2050. As Labor’s Mark Butler noted this morning, the Coalition’s climate change policy has officially gone from that fig-leaf to a non-existent farce. Nearly three years after celebrating the dumping the carbon price (above), slashing the RET and ignoring expert advice (CCA and the Climate Council), the Coalition government has no actual policy, on energy or climate, and its negligence is adding to the stunning rise in electricity prices it is trying to blame on everything and everyone else. “Malcolm Turnbull, the Prime Minister who once said he didn’t want to lead a Liberal Party that didn’t feel as strongly about climate change as he did, is now the Prime Minister who has completely dropped any pretence of attempting to combat climate change,” Butler says in his statement, noting that climate change did not rate a single mention in the Budget speech. “As the central pillar of the Direct Action policy, the Emission Reduction Fund, runs out of funds, this budget delivers ZERO new policies or funding to drive down pollution and combat climate change. This budget allocates more new money to the Department of the House of Representatives than it does to tackling climate change. “Budgets are about choices and priorities, and this budget makes it perfectly clear the Turnbull government isn’t choosing a safe climate because they don’t think it is a priority. This budget finally makes official what we already know; this Liberal government is failing all future generations of Australians.” Read More here 2 May 2017, Renew Economy, The angry denunciation of Westpac’s new climate policy – which rules out funding for new mines in the Galilee Basin – serves only to underscore how crucial support from at least one major Australian bank was to Adani’s push to win finance for its beleaguered Carmichael coal project. Now shunned by all of Australia’s big banks – the Commonwealth Bank, NAB, ANZ and now Westpac – as well as a further 15 banks around the world, Adani is desperate and financially dateless. In its media release following the release of Westpac’s revised climate policy Adani Australia complained Australian banks have “chosen to bow to environmental activists” and decided to “ignore the opportunity to invest” in the Carmichael project. The banks, Adani complained as it played the nationalist card, would continue to invest in overseas coal projects “at the expense of Australians, many of whom are their investors and depositors.” (Curiously, Adani’s media release is not posted on the company’s website.) In its policy Westpac committed to “limit lending to any new thermal coal mines or projects (including those of existing customers) to only existing coal producing basins and where the calorific value for that mine ranks in at least the top 15% globally.” With no existing mines in the Galilee Basin, the bank was explicitly ruling out the Carmichael project – along with other potential but even less viable nearby projects – irrespective of what quality coal they may produce. By any measure, Westpac’s policy is a cautiously-couched incremental improvement on its previous policy but far from being “anti-coal” as the headline on one Fairfax Media article tagged it. (The divestment campaign group Market Forces has a measured analysis of what the policy does and doesn’t mean.) Indeed, aside from the huge climate considerations, there are good financial reasons why a bank like Westpac wouldn’t risk backing any Galilee Basin project: the mines would produce low-quality coal and require huge investments in new railway and port capacity at a time the future price of thermal coal appears to be bleak. Read More here 19 April 2017, Climate Council Report: Pollution and Price: The Cost of Investing in Gas. Investing in more gas will lock in high electricity prices and pollution for decades to come. Our new report, ‘Pollution and Price: The cost of investing in gas,’ shows that tackling climate change and protecting Australians from worsening extreme weather requires our electricity system to produce zero emissions before 2050. Gas is not sufficiently less polluting than coal to garner any climate benefit. Furthermore, greater reliance on gas will drive higher power prices. While renewable energy can provide a secure, affordable alternative to new fossil fuels. Access Report here 16 December 2021, The Conversation, Grattan on Friday: Pesky female independent candidates are the PM’s latest ‘women problem’. Scott Morrison and his government enter the new year with a fresh iteration of the “women problem”. This is the multiple high-profile female independents contesting a number of Liberal seats. It’s not that the next parliament is likely to see a big influx of new lower house crossbenchers. ABC election analyst Antony Green points out that, to win, independents in these seats would need a 25-30% primary vote and to push the Liberal vote down to about 45%. One of these aspirants may succeed, two if they were extremely lucky. Perhaps the drive will end up nothing more than colour and movement. But however it goes, their challenges bring serious campaign trouble for Morrison. Strong female candidates casting themselves as representatives, or “voices”, of their communities are standing in North Sydney, Mackellar, Wentworth, Hughes and Hume in NSW, and in Goldstein, Kooyong and Flinders in Victoria. Their priorities include climate change, integrity and women’s issues. Read more here. 14 December 2021, The Conversation, What’s going on with independent candidates and the federal election? With the 2022 election promising to be close – the Morrison government has just a one-seat majority – could high-profile independents be a crucial factor in key seats? From former ABC journalist Zoe Daniel in Goldstein to businesswoman Allegra Spender in Wentworth, swathes of locally-endorsed independent candidates are contesting high-profile seats, with a strong focus on climate change action. Since the introduction of proportional representation for the Senate in 1949, we have become very accustomed to independents and minor parties being important players in the Senate. But what about the lower house? How MPs get elected is important. The answer lies in the system used to elect candidates to the House of Representatives. Proportional representation is good for minor parties and independents, but in the lower-house, our single-member electorates create and then reinforce two-party systems. Read more here. 13 December 2021, The Washington Post, Crucial Antarctic ice shelf could fail within five years, scientists say. Scientists have discovered a series of worrying weaknesses in the ice shelf holding back one of Antarctica’s most dangerous glaciers, suggesting that this important buttress against sea level rise could shatter within the next three to five years. Until recently, the ice shelf was seen as the most stable part of Thwaites Glacier, a Florida-sized frozen expanse that already contributes about 4 percent of annual global sea level rise. Because of this brace, the eastern portion of Thwaites flowed more slowly than the rest of the notorious “doomsday glacier.” But new data show that the warming ocean is eroding the eastern ice shelf from below. Satellite images taken as recently as last month and presented Monday at the annual meeting of the American Geophysical Union show several large, diagonal cracks extending across the floating ice wedge. Read more here. 7 December 2021, The Conversation: We are professional fire watchers, and we’re astounded by the scale of fires in remote Australia right now. While southern Australia experienced a wet winter and a soggy spring, northern Australia has seen the opposite. Extreme fire weather in October and November led to bushfires across 120,000 square kilometres of southern savanna regions. Significant fires continue to burn in the Kimberley, the Top End, Cape York and the northern deserts. And while recent rain across the central deserts has reduced the current fire risk, it will significantly increase fuel loads which creates the potential for large wildfires in summer. We are professional fire watchers. The lead author of this article, Rohan Fisher, maps and monitors fires across the tropical savannas and rangelands that comprise 70% of the Australian continent. The scale of burning we’re now seeing astounds us – almost as much as the lack of interest they generate. This continent’s fire ecology is poorly understood by most Australians, despite recent significant bushfire events close to big cities. But as we enter the Pyrocene age under worsening climate change, good fire knowledge is vitally important. 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.
