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 22 September 2015, Post Carbon Institute, A long-term abundance of oil & natural gas, but what if the boom is just a bubble? Tight oil reality check. Much of the cost-benefit debate over fracking has come down to the perception of just how much domestic oil and gas it can produce and at what cost. To answer this question, policymakers, the media, and the general public have typically turned to the U.S. Department of Energy’sEnergy Information Administration (EIA), which every year publishes its Annual Energy Outlook (AEO). In Drilling Deeper, PCI Fellow David Hughes took a hard look at the EIA’s AEO2014 and found that its projections for future production and prices suffered from a worrisome level of optimism. Recently, the EIA released its Annual Energy Outlook 2015 and so we asked David Hughes to see how the EIA’s projections and assumptions have changed over the last year, and to assess the AEO2015 against both Drilling Deeper and up-to-date production data from key shale gas and tight oil plays. In July 2015, Post Carbon Institute published Shale Gas Reality Check, which found that in 2015 the EIA is more optimistic than ever about the prospects for shale gas, despite substantive reasons for caution. This month we turn our eyes to the EIA’s latest projections for tight oil. KEY CONCLUSIONS: 18 September 2015, The Guardian, Is new Australian prime minister Malcolm Turnbull already a climate change turncoat? Malcolm Turnbull once endorsed common sense positions on climate change. Then he became prime minister. During the first few days of being prime minister, Malcolm Turnbull seems to be doing his best to argue about climate change with a former version of himself. I know I might have already given the game away here, but who do you think said this only five years ago? “We are as humans conducting a massive science experiment with this planet. It’s the only planet we’ve got…. We know that the consequences of unchecked global warming would be catastrophic. We know that extreme weather events are occurring with greater and greater frequency and while it is never possible to point to one drought or one storm or one flood and say that particular incident is caused by global warming, we know that these trends are entirely consistent with the climate change forecasts with the climate models that the scientists are relying on…. We as a human species have a deep and abiding obligation to this planet and to the generations that will come after us.” Stirring stuff eh? That was Turnbull in August 2010, speaking at the launch of a report demonstrating the technical feasibility of moving Australia to a 100% renewable energy nation. During his first question time as PM earlier this week, Turnbull was asked if he would join Labor in its aspiration (and that’s about the extent of Labor’s policy on this right now) that Australia should be generating 50% of its electricity from renewables by 2030. Turnbull’s response? “[Opposition leader Bill Shorten] is highlighting one of the most reckless proposals the Labor party has made. Fancy proposing, without any idea of the cost of the abatement, the cost of proposing that 50% of energy had to come from renewables! What if that reduction in emissions you needed could come more cost-effectively from carbon storage, by planting trees, by soil carbon, by using gas, by using clean coal, by energy efficiency?” What did the Turnbull of 2010 make of a plan to move away from fossil fuels that was twice as ambitious as Labor’s, that actually explained how it could be done and that proposed doing it faster? Read More here 3 September 2015, Renew Economy, Graph of the Day: Big carbon cuts will not pull down economy. Australia Prime Minister Tony Abbott insists that the world should protect its one and only planet, but not at the cost of economic growth. Apart from the question of what sort of economic growth could be achieved in a degraded environment – think of the impacts on crops and agriculture, water scarcity, infrastructure and storm damage – here is some good news: setting ambitious targets to cut carbon emissions does not need to impact economic growth. How do we know this? Because the Abbott government’s own modelling tells us so. They commissioned economist Professor Warwick McKibbin to model the impact on various levels of emission reductions out to 2030. The blue bars on the left show us the various modelling of economic growth assuming no emission reductions. The dark bars show the impact with a 26 per cent target by 2030, and a 45 per cent target. Read More here August 2015, The Australia Institute, Key administration statistics – 3rd Party Appeals and the EPBC Act. Details from a forthcoming Australia Institute Report Key 3rd party litigation statistics. Read More here 15 November 2016, DESMOG, Meet the Fossil Fuel Lobbyists and Climate Science Deniers at the Marrakech COP22 Talks. It’s no secret fossil fuel companies will have to fundamentally change their business models if countries are serious about tackling climate change. With so much skin in the game, it’s no surprise they find ways to try and influence climate policy at the highest level. The international climate talks in Marrakech this week has provided the perfect opportunity for corporate lobbyists and climate science deniers to push their high carbon agendas. Who’s who Prior to the COP22 negotiations currently underway in Marrakech, Corporate Accountability International released a mapshowing how fossil fuel representatives can get access at the highest level. Many of the groups they identify do indeed have a presence in the inner ‘blue zone’ of the talks, where negotiators meet to hammer out the details of global climate policy. (Most non-state actors and companies are officially consigned to the ‘green zone’ in a separate section of the venue). Read More here 9 November 2016, Energy Post, Oil companies’ climate initiative lacks initiative. The Oil and Gas Climate Initiative (OGCI) formed by ten of the world’s largest oil companies including Shell, BP, Total, Statoil and Saudi Aramco, has announced it will spend $1 billion over the next ten years “to accelerate the development of innovative low-emission technologies”. According to Stuart Haszeldine, Professor of Carbon Capture and Storage, at the University of Edinburgh, this is “small change compared to the size of the problem. This looks like trying to tell us that the climate problem is still best handled by denial, over-analysis, and under-activity.” Article courtesy of the Energy and Carbon blog. When is $1 billion not a lot of money? Answer one, when you are trying to save the human species from global self-destruction. Answer two, when it is split 10 ways, and then again 10 ways. In an announcement timed to coincide with the entry into force last Friday of the COP21 Paris Climate Agreement, 10 of the world’s largest international oil and gas producers announced a $1billion fund to help protect the earth’s climate. The OGCI (Oil and Gas Climate Initiative) was formed in January 2014, led by the CEO’s of six multinational oil and gas companies (1). Its self-stated ambition was to “catalyse meaningful action and coordination on climate change …. provide a full spectrum on what the sector what the sector is prepared to do, collaboratively, going forward”. The defining moment of the UN Climate Change conference in Paris last December has now passed, the agreed text has been scrutinized, pored over, analysed – and then ratified by the political leaders of more than 190 nations. It is clear that the intended national emissions reductions (INDCs) offered in Paris are voluntary and non-enforceable. It is also clear that even if the INDCs were delivered in full, then the world is on track for 3.7C or greater warming, not 2C or an aspirational 1.5C. And if nothing new happens, the world is already operating the hydrocarbon combustion equipment which can take warming beyond 6C by 2100. This group proudly proclaims that they are responsible for 20% of global oil and gas production, so we should expect something big, commensurate with the size of the problem, right? Wrong. Read More here 28 October 2016, Renew Economy, Coal wars: A fact check for the Turnbull government. Since Malcom Turnbull replaced Tony “coal is good for humanity” Abbott, the Adani Carmichael Mine, the Galilee Basin and environmental “Lawfare” had been out of the news. But an increase in the coal price and Turnbull’s apparent change of view means the Coal Wars are BACK. It’s time to re-arm yourselves the facts. CLAIM: The Adani mine will create 10,000 jobs. FACTS: Adani’s own economist contradicted this under oath in the Queensland Land Court, saying: “Over the life of the Project it is projected that on average around 1,464 employee years of full time equivalent direct and indirect jobs will be created”. Adani’s economist, Jerome Fahrer from ACIL Allen, found that Adani’s mine and rail operations would employ around 1,800 people directly and create around 1,000 downstream jobs in “other services”. But, in building and operating such a big mine, ACIL found that the project would reduce employment in agriculture, manufacturing and other mining projects by around 1,400 jobs. All this is shown in ACIL’s graph below, with increased jobs at the Carmichael mine in yellow, increases in services in dark purple and reductions in manufacturing, agriculture and other mining below the axis: Read More here 1 November 2016, Independent, Climate sceptics widen their net to claim all science – from medicine to physics to computing – is ‘in deep trouble’. Climate change deniers have long tried to cast doubt on the science behind warnings about global warming, but now Lord Lawson’s sceptic think tank has taken things a step further. For, if the Global Warming Policy Foundation (GWPF) is to be believed, not only are climatologists exaggerating the risks of burning fossil fuels, but all science is “in deep trouble” with “fraudulent research” finding its way into the most eminent, peer-reviewed journals. Medicine, physics, economics, chemistry, computer science and psychology are just a few of the subjects were this is a problem, according to a new GWPF report. Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment, a leading research centre based in London, suggested the report showed the sceptics’ frustration that their flawed theories were not being taken seriously. “This attack on the practice of peer review is another example of propaganda from the Global Warming Policy Foundation aimed at illegitimately undermining confidence in climate research,” he told The Independent. “The ideology-driven claims made by the Foundation simply would not stand up to the rigours of peer review by independent experts, which is why their inaccurate and misleading claims about the causes and potential consequences of global warming appear in pamphlets and newspapers columns instead of academic journals.” Read More here 26 October 2021. Renew Economy: “A joke:” Morrison’s net zero plan has net zero detail, and no change to policies. The Morrison government has unveiled its “plan” for achieving net zero emissions by 2050 that includes no new policies, no changes to Australia’s 2030 target, and is predicated on unspecified technology breakthroughs and could result in Australia spend billions on international offsets. Announcing on Tuesday that the Morrison government would commit to a formal zero net emissions target for 2050 – after weeks of strained negotiations with the Nationals – prime minister Scott Morrison and federal energy minister Angus Taylor’s “plan” delivered very little detail on how that target will be achieved. A commitment to a zero net emissions target for 2050 is considered the minimum credible commitment expected from developed countries ahead of the COP26 talks in Glasgow. But Morrison and Taylor’s plan, in fact, made very clear that there would be no substantial changes to government policy, and no new legislation, explicitly saying that it was ‘based on existing policies’. The net zero target would not be enshrined in law, there would be no “mandates” to reduce emissions, and no increase to the 2030 target. The government’s plan is heavily reliant on unspecified advancements in technologies across the electricity sector, agriculture, transport and industry which may emerge in its “Technology Investment Roadmap” – to achieve a further 40 per cent reduction in Australian emissions. Read more here 11 October 2021, The Conversation: We can’t stabilise the climate without carbon offsets – so how do we make them work?Carbon offsetting has been in the news lately after a report raised concerns about the integrity of the federal government’s offsetting scheme, the emissions reduction fund. Offsetting refers to reducing emissions or removing carbon dioxide from the atmosphere in one place to make up for emissions in another. Done well, it lowers the costs of reducing emissions. Done badly, it increases costs and gives us false confidence about our progress towards net zero emissions. It’s a difficult part of the climate change conversation worldwide and, because of past problems, there’s understandable cynicism about its potential. The Grattan Institute has just released a new report on the role of offsetting in achieving net zero targets. In it, we show even with strong policies to reduce emissions wherever possible, Australia is going to need offsetting — potentially lots of it — to reach a target of net zero emissions. What is offsetting? Offsetting is often done through a system of credits or offsets — units that represent one tonne of emissions reductions achieved, or one tonne of carbon dioxide removed from the atmosphere. Read more here 16 August 2021, Renew Economy: Study finds blue hydrogen worse for climate than burning coal or gas. It is touted as a “clean” technology, but so-called “blue” hydrogen produced from gas – even with carbon capture – is significantly worse for the climate than burning coal or gas directly, a new study by Cornell and Stanford researchers has found. Cornell’s Robert Howarth and Stanford’s Mark Jacobson asked the question, “how green is blue hydrogen?” in their peer-reviewed paper, the first to examine the total or ‘lifecycle’ greenhouse gas emissions from blue hydrogen. The answer? “We see no way that blue hydrogen can be considered ‘green’,” the researchers concluded. Emissions associated with producing blue hydrogen from gas were actually greater than emissions from burning gas or coal directly, the paper found. This was because of the significant extra energy required for processes to produce hydrogen and power carbon capture and storage. The hydrogen industry is a significant source of climate pollution globally, responsible for around 830 million tonnes of carbon dioxide every year, equivalent to the annual emissions from the United Kingdom and Indonesia combined, according to the International Energy Agency. That’s because nearly all hydrogen produced and used today comes from fossil fuels, and is classed as either ‘grey’ (from gas) or ‘brown’ (from coal). Read more here. 10 August 2021, Renew Economy: Morrison blames China, refuses to boost climate action after bleak IPCC report. Prime Minister Scott Morrison has responded to the bleak Intergovernmental Panel on Climate Change (IPCC) report by seeking to shift blame onto developing countries, particularly China, and refusing to announce any increase in Australia’s short term targets. In an extraordinary intervention following the release of the IPCC report, Morrison suggested it wasn’t “the Australian way” to take the initiative on climate action. “It is not good enough for it just happening to Australia and the United States and in Europe. It must happen in these other countries and they must have prosperity otherwise we will not fix this. That is the Australian way,” Morrison told a press conference on Tuesday. Morrison and federal energy and emissions reduction minister Taylor fronted the media to insist that Australia was doing more than other countries and would not commit to making any changes to Australia’s emissions reduction targets, and trotted out their usual slogans. At the same time, the duo pushed responsibility for climate action onto poorer countries. 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.
