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 30 June 2015, 350.org Australia, 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 29 June 2015, The Guardian,Australian climate policy paralysis has to end, business roundtable says: Business and industry alliance sets out climate ‘principles’, including that climate policy should be ‘capable of achieving deep reductions’ in emissions. Groups included in the ‘climate roundtable’ include the Business Council of Australia and Australian Industry Group, along with environmental groups and unions. An unprecedented alliance of business, welfare and environmental groups and trade unions is demanding an end to Australia’s decade of political paralysis and division on climate policy, insisting the Abbott government make credible emission reduction commitments and the major parties agree on how the pledges should be implemented.In an attempt to reset the bitter political debate on climate policy, the powerful lineup of interest groups has reached a historic agreement on “principles” that should guide Australia’s climate policy. Read More here. Read principles here 25 June 2015, The Conversation, Burning wood: an opportunity for renewable power and heat: Burning some wood waste from native forests will be counted as renewable energy under revisions to the Renewable Energy Target (RET) passed this week. Environmental groups and the Greens have criticised the move as possibly encouraging the logging of native forests. Burning wood waste was included in the Renewable Energy (Electricity) Act (2000). Under the Renewable Energy (Electricity) Regulations 2001, harvesting native forest just for energy generation was explicitly not eligible. Until 2011 some wood waste from native forest harvesting was eligible. The latest revisions reinstate some native wood waste under the legislation with the restrictions that existed until 2011. The RET legislates that, by 2020, 33,000 gigawatt hours of electricity must be generated by renewable energy. This includes wind, solar, hydro, tidal and various bio-energy sources. The scheme works through the creation of certificates for energy generation, and the requirement for liable entities to purchase these certificates. The latest revisions cut the RET from 41,000 GWh to 33,000 GWh and make burning wood waste from some native forest harvesting eligible for certificates under tight restrictions. However, as recognised in the relevant legislation and as shown by developments in Europe, burning wood waste from a variety of sustainable sources offers great potential as another source of renewable heat and electricity. Read More here 24 June 2015, Renew Economy, RET settled, so what next for renewable energy advocates? Now that at long last the RET debate is settled, what next for advocates of renewable energy? Since the first worrying signs that the Coalition may not support the Renewable Energy Target’s 41,000 GWh target before the 2013 federal election, the defence of the RET has, quite understandably, consumed much of the time and resources of the renewable energy sector. One of the costs of this political fight has been that much important analysis and public debate have been deferred, especially around the question of renewable energy targets for 2030 and beyond. With the near-term crisis now settled it is time to reanalyse the cost and technical feasibility of achieving very high renewable energy penetration levels. Analytical work needs to be done now because the national conversation about increasing the RET for the years 2030 and beyond will inevitably start soon. The next election is never far off. Perhaps the best way to achieve this would be to update and extend the 100% renewable energy studycompleted by the Australian Energy Market Operator (AEMO). This study was commissioned by the Gillard Government under pressure from the Greens as part of the Multi-Party Climate Change Committee (MPCCC) agreement. It was published in 2013, with most of the analysis completed in 2012. Read More here 28 April 2016, RenewEconomy, Climate policy becomes trench warfare, once again. The release of Labor’s climate policy has led immediately to a resumption of World War I style trench warfare. The opening salvo, the pre-prepared advertisements and admonishments, was blasted off within hours, to be followed by tunnelling under the Labor trenches, minefields and more misery for both major Parties and for the population they are elected to serve. The misery is the suffering from current and future ill health which could be prevented if progress could be made in a bilateral, constructive manner. Labor’s policy has significant health implications because health is closely linked to energy policy and it is in this light that Doctors for the Environment Australia (DEA) makes comment. Our profession is reminded that WHO regards climate change as the biggest health threat of the present century. Our involvement is therefore a vital professional commitment to the health care of communities and patients. Good energy policy has the ability to provide the co-benefits of reduced air pollution which contributes to death and illness from heart and lung disease in thousands of Australians while at the same time reducing green house emissions which result in climate change and thousands of deaths world wide and many in Australia from increasing storm, flood and fire. Read More here 18 April 2016, The Conversation, Australia’s carbon emissions and electricity demand are growing: here’s why. Australia’s greenhouse gas emissions are on the rise. Electricity emissions, which make up about a third of the total, rose 2.7% in the year to March 2016. Australia’s emissions reached their peak in 2008-2009. Since then total emissions have barely changed, but the proportion of emissions from electricity fell, largely due to falling demand and less electricity produced by coal. But over the last year demand grew by 2.5%, nearly all of this supplied by coal. In 2015 I wrote about concerns that Australia’s electricity demand and emissions would start increasing again. This has now come true. So what’s driving the trend? Why did demand fall? To understand this trend we need to look at data from Australia’s National Electricity Market (NEM), which accounts for just under 90% of total Australian electricity generation. While the NEM doesn’t include Western Australia or the Northern Territory, it has much better publicly available data. The chart below shows electricity generation from June 2009 to March 2016. 15 April 2016, Renew Economy, Turnbull’s Jekyll and Hyde climate and clean energy policy. Environment minister Greg Hunt this week has been on a mini-tour of Western Australia, with the head of the Australian Renewable Energy Agency – which he wants to de-fund – announcing the sort of grants for solar and battery storage installations that he wants to stop. If there was any hint of irony in praising the work of ARENA and taking credit for the initiatives of an institution that the Coalition has spent much of the last three years trying to abolish, it was not immediately apparent. “The Turnbull government is providing $17 million funding for nine new R&D projects set to deliver renewable energy technologies and solutions suited to the 21st century,” Hunt proudly announced in a press release, before enthusing at the opening about the potential for Australia to lead the world in battery storage. “I’m delighted to announce that in partnership with Synergy, the Australian government is contributing $3.3 million for a community household storing of – solar storage and energy facility,” he told a gathering of media and dignitaries. “Behind us we have 1.1 million hours’ worth of storage. This is the real world, this is the future that is behind us in terms of storage, solar energy on the roofs in front of us, the storage behind us.” And on it went. Indeed, Hunt’s speech was a compilation of everything that people find confusing and dumbfounding about this Turnbull government. Australia will be among the first to formally sign the Paris climate deal, but it still hasn’t the domestic targets or the policies to get anywhere near its share of meeting that agreement; it professes support for wind and solar but has no new developments to show for it; it claims to have brought certainty to the renewable energy industry, when the only certainty in the last three years has been the lack of investment; it hails innovative solar and storage projects and then removes the funding mechanism that makes them possible; it applauds the work of a key agency it has tried to dismantle and finally strips it of funding; it wants to cease grants to clean energy projects “to protect taxpayers money” but then uses grants to polluters as the basis of its emissions reduction fund. Read More here 14 April 2016, Climate News Network, Investors warned: Forget fossil fuels. Historic change heralded as investors are told they face losing their money if they continue to back the fossil fuel industry that is causing disastrous global warming. The head of a global philanthropic foundation says that the world turning away from fossil fuels is a critical moment in human history, akin to the abolition of slavery. Ellen Dorsey, executive director of the US-based Wallace Global Fund, told a packed conference in Oxford, UK, this week: “We are right in the middle of a transition − not to try to curb the burning of the fuels, but to end the fossil fuel industry altogether. The industry will be one for the history books, much like slavery” The conference, organised by the Divest Invest movement, was held to assess progress in convincing the financial sector that it will lose its money if it continues to invest in fossil fuels. The movement involves 500 organisations − with a combined wealth of more than $3.4 trillion − that have already pledged to divest from fossil fuels and invest in climate solutions. Sarah Butler-Sloss, founder director of the Ashden Trust, a leader in the field of green energy and sustainable development, opened the conference and stressed: “We are not making a sacrifice. We have gained money from not investing in fossil fuels.” Read More here 14 December 2019, Climate Home News, Australia and Brazil carbon credits will put 1.5C out of reach, 31 countries say. Carbon market rules being pursued by Australia and Brazil are not in line with the 1.5C temperature goal of the Paris Agreement, according to 31 countries who broke from tense discussions at the UN climate talks in Madrid.Led by Costa Rica, they published a set of 11 benchmarks they said represented the “minimum” standard to ensure integrity of the global carbon trading system due to come into effect next year. The ‘San Jose principles’ were signed by 30 other countries including France, Germany, the UK, Spain and New Zealand. Carlos Manuel Rodriguez, Costa Rica’s environment minister, said the principles present “a definition of success” on the new carbon market rules and “keep the door open” for limiting warming to 1.5C. “Anything below these San Jose principles won’t create a fair and robust carbon market,” he said. “The diverse group of countries supporting these principles know we need a just outcome to keep the 1.5C target within reach.” Read more here 13 December 2019, Renew Economy, Taylor flies out of Madrid, leaving Kyoto carryover battle unresolved. Federal energy and emissions reduction minister Angus Taylor has left Madrid following his address to the COP25 climate change talks, leaving Australia’s diplomatic corps to continue the fight for Australia’s Kyoto accounting loophole. Much is at stake for the Morrison government, as it plans to rely on the accounting loophole to represent almost all of the federal government’s actions towards meeting its 2030 emissions reduction target. If the loophole is successfully blocked by other countries, it will blow a 411 million tonne hole in Australia’s emissions budget. Taylor will primarily rely on the Ambassador for the Environment, Jamie Isbister, who is attending the UN climate talks in that role for the first time. Isbister will be backed by a diminished team of Australian diplomats to ensure Australia has access to carryover Kyoto units, which will likely be the Australian delegation’s core priority for the remainder of the talks, that are expected to run into the weekend. New Zealand and South Africa have been called in to mediate an outcome on the issue, with New Zealand climate change minister James Shaw, a Green, telling the conference that he hopes to have a propose solution by Friday evening Australian time. Shaw said that parties had shown agreement to both a “mutually acceptable outcome” as well as a “commitment to environmental integrity”, suggesting a compromise may be in the works. The issue of the Kyoto carryover has emerged as one of the key sticking points at the talks and there is also growing speculation that a resolution may not be reached in Madrid, if countries like Australia continue to hold out for their preferred position. Read more here 12 December 2019, The Conversation, Grattan on Friday: Climate winds blowing on Morrison from Liberal party’s left. Scott Morrison is picking up that Australia’s devastating, prolonged fires are producing a soured, anti-government mood among many in the community. It may not be entirely rational for people to turn on politicians in such situations. The actual fighting of the fires, driven primarily at state and local levels, appears to have been efficient. But the government has invited anger in terms of the broad debate by being so inactive and partisan about climate change over years. Morrison is struggling to navigate his way through these fraught days before Christmas. He’s stressing unity – “I want to reassure Australians, that the country is working together … to deal with the firefighting challenge”. He’s refusing to meet calls for a national summit or a COAG meeting on the fire effort, but he’s highlighting the federal government’s co-ordinating activities. He’s placing the most positive spin he can on what Australia is doing on climate change, but all the time emphasising Australian emissions are only a tiny portion of the global total “so any suggestion that the actions of any state or any nation with a contribution to global emissions of that order is directly linked to any weather event, whether here in Australia or anywhere else in the world, is just simply not true”… “Let’s not beat around the bush … let’s call it for what it is. These bushfires have been caused by extreme weather events, high temperatures, the worst drought in living memory – the exact type of events scientists have been warning us about for decades that would be caused by climate change,” said Kean, who is the leader at state level of the moderate faction. Read more here 13 December 2019, The Guardian, Australia’s bushfires have emitted 250m tonnes of CO2, almost half of country’s annual emissions. Bushfires in New South Wales and Queensland have emitted a massive pulse of CO2 into the atmosphere since August that is equivalent to almost half of Australia’s annual greenhouse gas emissions, Guardian Australia can reveal. Analysis by Nasa shows the NSW fires have emitted about 195m tonnes of CO2 since 1 August, with Queensland’s fires adding a further 55m tonnes over the same period. In 2018, Australia’s entire greenhouse gas footprint was 532m tonnes of carbon dioxide equivalent. Experts say the pulse of CO2 from this season’s bushfires is significant, because even under normal conditions it could take decades for forest regrowth to reabsorb the emissions. But scientists have expressed doubt that forests already under drought stress would be able to reabsorb all the emissions back into soils and branches, and said the natural carbon “sinks” of forests could be compromised. 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.
