What you will find on this page: LATEST NEWS; Fossil fuel emissions have stalled; Analysis: Record surge of clean energy in 2024 halts China’s CO2 rise; does the world need hydrogen?; Mapped: global coal trade; Complexity of energy systems (maps); Mapped: Germany’s energy sources (interactive access); Power to the people (video); Unburnable Carbon (report); Stern Commission Review; Garnaut reports; live generation data; fossil fuel subsidies; divestment; how to run a divestment campaign guide; local council divestment guide; US coal plant retirement; oil conventional & unconventional; CSG battle in Australia (videos); CSG battle in Victoria; leasing maps for Victoria; coal projects Victoria
Huge task to decarbonise
Source: Australian Delegation presentation to international forum held in Bonn in May 2012
Latest News 15 January 2018, Climate News Network, District heating warms cities without fossil fuels. Heating homes and offices without adding to the dangers of climate change is a major challenge for many cities, but re-imagined district heating is now offering an answer. A district heating scheme is a network of insulated pipes used to deliver heat, in the form of hot water or steam, from where it is generated to wherever it is to be used. As a way of providing warmth for thousands of homes, typically in multi-storey apartment buildings, district heating has a long history in eastern Europe and Russia. But the hot water it distributes typically comes from power stations burning coal or gas, which means more greenhouse gas emissions. Tapping into other forms of producing hot water, from renewable energy, bio-gas or capturing waste heat from industrial production, supermarkets or IT systems, provides alternative sources of large scale heating without adding to the carbon dioxide in the atmosphere. Sweden has pioneered the switch from fossil fuels to other ways of heating water. The Swedish Environmental Protection Agency says the country has gone from almost exclusively relying on fossil fuels to being 90% powered by renewable and recycled heat in 2017. Read More here 11 January 2018, The Conversation, A month in, Tesla’s SA battery is surpassing expectations. It’s just over one month since the Hornsdale power reserve was officially opened in South Australia. The excitement surrounding the project has generated acres of media interest, both locally and abroad. The aspect that has generated the most interest is the battery’s rapid response time in smoothing out several major energy outages that have occurred since it was installed. Following the early success of the SA model, Victoria has also secured an agreement to get its own Tesla battery built near the town of Stawell. Victoria’s government will be tracking the Hornsdale battery’s early performance with interest. Generation and Consumption Over the full month of December, the Hornsdale power reserve generated 2.42 gigawatt-hours of energy, and consumed 3.06GWh. Since there are losses associated with energy storage, it is a net consumer of energy. This is often described in terms of “round trip efficiency”, a measure of the energy out to the energy in. In this case, the round trip efficiency appears to be roughly 80%. The figure below shows the input and output from the battery over the month. As can be seen, on several occasions the battery has generated as much as 100MW of power, and consumed 70MW of power. The regular operation of battery moves between generating 30MW and consuming 30MW of power. Read More here 11 January 2018 Boomberg, Hype Meets Reality as Electric Car Dreams Run Into Metal Crunch. When BMW AG revealed it was designing electric versions of its X3 SUV and Mini, the going rate for 21 kilograms of cobalt—the amount of the metal needed to power typical car batteries—was under $600. Only 16 months later, the price tag is approaching $1,700 and climbing by the day. For carmakers vying to fill their fleets with electric vehicles, the spike has been a rude awakening as to how much their success is riding on the scarce silvery-blue mineral found predominantly in one of the world’s most corrupt and underdeveloped countries. “It’s gotten more hectic over the past year,” said Markus Duesmann, BMW’s head of procurement, who’s responsible for securing raw materials used in lithium-ion batteries, such as cobalt, manganese and nickel. “We need to keep a close eye, especially on lithium and cobalt, because of the danger of supply scarcity.” Like its competitors, BMW is angling for the lead in the biggest revolution in automobile transport since the invention of the internal combustion engine, with plans for 12 battery-powered models by 2025. What executives such as Duesmann hadn’t envisioned even two years ago, though, was that they’d suddenly need to become experts in metals prospecting. Automakers are finding themselves in unfamiliar—and uncomfortable—terrain, where miners such as Glencore Plc and China Molybdenum Co. for the first time have all the bargaining power to dictate supplies. Read More here 19 December 2017, CSIRO-ECOS, Refining the accounts on canola emissions savings. BIOFUELS are about to work even harder to prove their renewable worth, under new European Union rules. From 2018 the European Commission’s Renewable Energy Directive mandates that biofuels must demonstrate a 50 per cent emissions saving compared to their fossil fuel companions (or a 60 per cent saving when produced in refineries constructed after October 2015), compared to a flat 35 per cent saving now. CSIRO was commissioned by the Australian Oilseed Federation and the Australian Export Grains Innovation Centre to assess the greenhouse gas emissions of growing canola in Australia, in order to continue exports to the European Union for use as a feedstock for biodiesel under the new rules. In 2016/17, more than 3.1 million tonnes of Australian canola was exported to the EU, worth around $1.8 billion. EU buyers can pay a $20-40 per tonne premium for non-genetically modified canola (which Australia primarily produces), making the EU export market one with a cool $100 million premium riding on it. The vast majority of this canola (91 per cent in 2015-16) is used to make biodiesel. To secure this important export market the Australian industry needed to demonstrate that canola can be grown at a low enough carbon footprint so that once all the other processes of shipping and refining are added, the final product can be deliver to the customer at the fuel bowser within the target saving of 50-60 per cent. We are happy to say it did. Read More here 12 May 2023, The Gurdian. Albanese government approves first new coalmine since taking power. The Australian government has approved a new coalmine development for the first time since it was elected last year. Tanya Plibersek, the federal environment minister, indicated she would give the green light to the Isaac River coalmine in Queensland’s Bowen basin. It was announced late on Thursday. The mine, to be developed by Bowen Coking Coal, is planned for 28km east of Moranbah, next to five other coalmines, and expected to produce about 500,000 tonnes of metallurgical coal a year for five years. Metallurgical coal, also known as coking coal, is used in steelmaking. “The Albanese government has to make decisions in accordance with the facts and the national environment law – that’s what happens on every project, and that’s what’s happened here,” a spokesperson for Plibersek said. “Since the election we’ve doubled renewable energy approvals to a record high. The government will continue to consider each project on a case-by-case basis, under the law.” The government said no submissions had been received about the project during the public consultation period, including from environment groups. Read more here 18 April 2023, Climate Homes News: World set to blow through 1.5C carbon budget in 10 years. The US has offered $3.5 billion in grants towards direct air capture, hoping to bring down the costs of removing carbon from the atmosphere. The world is failing to cut carbon emissions fast enough to avoid disastrous climate change, a dawning truth that is giving life to a technology that for years has been marginal – pulling carbon dioxide from the air. Leading the charge, the U.S. government has offered $3.5 billion in grants to build the factories that will capture and permanently store the gas – the largest such effort globally to help halt climate change through Direct Air Capture (DAC) and expanded a tax credit to $180/tonne to bolster the burgeoning technology. The sums involved dwarf funding available in other regions, such as Britain which has pledged up to 100 million pounds ($124 million) for DAC research and development. That compares with $12 billion in federal spending to drive demand for personal and commercial electric vehicles, Boston Consulting Group estimated. While bids for the U.S. DAC hub funding were due on March 13, the government and some companies have yet to fully disclose details about the applications, many of which Reuters is reporting for the first time. The US Energy Department expects to announce winning bids this summer. Read more here 22 July 2022, Renew Economy: Bowen frees ARENA from Taylor’s fossil fuel mandate, puts focus back on renewables. The Albanese government has moved to reverse the former Morrison government’s attempts to redirect renewable energy funding to non-renewable technologies, issuing a replacement set of regulations to the Australian Renewable Energy Agency. (ARENA) Federal climate change and energy minister Chris Bowen said the new set of regulations will restore the agency’s focus on funding renewables, ending years of Morrison government attempts to redirect billions in funds to carbon capture and fossil fuel technologies. ARENA was established under the Gillard government to provide funding for the research and development of new renewable energy technologies, and formed part of the Clean Energy Package negotiated with the Greens, along with the Clean Energy Finance Corporation and the Climate Change Authority. It has has been instrumental in the emergence of a competitive renewable energy sector in Australia, particularly large-scale solar and more recently with battery storage and other supporting technologies needed a renewables based grid. Bowen says ARENA will be provided with a new mandate to “maximise the take-up of renewable energy” and to focus on electrification and energy efficiency. “The best way to put downward pressure on energy prices is to ramp up investment in renewables and that is exactly what we are doing,” Bowen said. Read more here 14 July 2022, Renew Economy: The madness of cutting down forests to grow food crops for supersonic aircraft biofuels. Regular readers will recognise several recurring themes in my writing, including the risks involved with reviving carbon-intensive supersonic aircraft and the challenges of scaling sustainable aviation fuels (SAFs). In this installment I deal with both. In June 2021, United Airlines announced that it intends to purchase 15 “Overture” aircraft from Boom Supersonic, with an option to purchase 35 more. In June 2022, United CEO Scott Kirby reaffirmed that United’s purchase remains “on track”. Those planes, we were originally told, will operate on 100% synthetic SAF produced from renewable electricity. In a January 2022 study conducted in partnership with MIT we concluded that even such a high-integrity “e-fuel” isn’t likely to mitigate the climate impact of supersonic aircraft. Unfortunately, the prognosis for delivering supersonic aircraft that burn clean fuels has gotten even bleaker. Last September, the Biden administration announced the “Sustainable Aviation Fuel Grand Challenge”, a whole-of-government initiative to spur the production of 3 billion gallons of SAF by 2030. That’s more than a 100x increase from 2020 global production. Read more here Climate Home News, 5 August 2025: IPCC’s input into key UN climate review at risk as countries clash over timeline. Governments have again failed to agree on a schedule for producing key climate science reports as deep divergences blocked progress at a meeting of the U.N.’s Intergovernmental Panel on Climate Change (IPCC) last week. At the talks in Sofia, Bulgaria, most countries supported a faster process that would see three flagship reports assessing the state of climate science delivered by mid-2028, in time for the next global stocktake – the UN’s scorecard of collective climate action. But a group of high-emitting developing countries made up of China, India, Saudi Arabia, Russia and South Africa – backed by Kenya – opposed an accelerated timeline, citing concerns that it would be harder to include scientists from the Global South, three sources present at the talks told Climate Home. Governments were unable to reach a decision for the second time this year after “fraught talks” in January ended with the same outcome. The issue will be debated again at the next gathering in February 2025, while a separate expert meeting is tasked with drafting the outline of those reports by the end of 2024. Fight over climate science Adão Soares Barbosa, IPCC representative for Timor-Leste within the Least Developed Countries (LDCs) group, expressed his disappointment over the lack of agreement in Sofia resulting from “strong polarisation in the room”. “If the assessment reports are not able to feed information into the global stocktake process, what are they good for?” he said, speaking to Climate Home. Joyce Kimutai, who represented Kenya at the Sofia talks, said her country’s opposition to the proposed shortened timeline was “absolutely not intended to frustrate the process” but to highlight the challenges countries with more limited resources would be facing. “With such a tight timeline, it is likely that we will produce a report that is not comprehensive, not robust. We found that very problematic,” she told Climate Home on Monday. Read more here Carbon Brief, 13 June 2024: Analysis: What record global heat means for breaching the 1.5C warming limit. Global temperatures in 2023 blew past expectations to set the warmest year on record, even topping 1.5C in one of the main datasets. This warmth has continued into 2024, meaning that this year is also on track to potentially pass 1.5C in one or more datasets. Crossing 1.5C in one or even two years is not the same as exceeding the 1.5C limit under the Paris Agreement. The goal is generally considered to refer to long-term warming, rather than annual temperatures that include the short-term influence of natural fluctuations in the climate, such as El Niño. Nonetheless, recent warming has led to renewed debate around whether the world might imminently pass the 1.5C Paris Agreement limit – sooner than climate scientists and Intergovernmental Panel on Climate Change (IPCC) have previously estimated. Here, Carbon Brief provides an updated analysis of when the world will likely exceed the Paris 1.5C limit (in a scenario where emissions are not rapidly cut), using both the latest global surface temperature data and climate model simulations. The findings show that, while the best estimate for crossing 1.5C has moved up by approximately two years compared to Carbon Brief’s earlier 2020 analysis, it remains most likely to happen in the late 2020s or early 2030s – rather than in the next few years. Understanding global temperature targets Human emissions of CO2 and other greenhouse gasses have substantially warmed the planet over the past 150 years. On top of this human-driven warming, there is year-to-year natural variability largely associated with El Niño and La Niña events. A big El Niño or La Niña event can result in global temperatures up to 0.2C warmer or cooler, respectively, than they would otherwise be. As the world has been warming by around 0.2C per decade, a large El Niño event can represent an early look at what typical global temperatures will be a decade in the future. Or, to put it another way, human emissions are adding a permanent super-El Niño’s worth of heat to the climate system each decade. Read more here 6 June 2024, NOAA: During a year of extremes, carbon dioxide levels surge faster than ever. The two-year increase in Keeling Curve peak is the largest on record. Carbon dioxide is accumulating in the atmosphere faster than ever — accelerating on a steep rise to levels far above any experienced during human existence, scientists from NOAA and the Scripps Institution of Oceanographyoffsite link at the University of California San Diego announced today. Levels of carbon dioxide (CO2) measured at NOAA’s Mauna Loa Atmospheric Baseline Observatory by NOAA’s Global Monitoring Laboratory surged to a seasonal peak of just under 427 parts per million (426.90 ppm) in May, when CO2 reaches its highest level in the Northern Hemisphere. That’s an increase of 2.9 ppm over May 2023 and the 5th-largest annual growth in NOAA’s 50-year record. When combined with 2023’s increase of 3.0 ppm, the period from 2022 to 2024 has seen the largest two-year jump in the May peak in the NOAA record. CO2 measurements sending ominous signs Scientists at Scripps, the organization that initiated CO2 monitoring at Mauna Loa in 1958 and maintains an independent record, calculated a May monthly average of 426.7 ppm for 2024, an increase of 2.92 ppm over May 2023’s measurement of 423.78 ppm. For Scripps, the two-year jump tied a previous record set in 2020. From January through April, NOAA and Scripps scientists said CO2 concentrations increased more rapidly than they have in the first four months of any other year. The surge has come even as one highly regarded international reportoffsite link has found that fossil fuel emissions, the main driver of climate change, have plateaued in recent years. Read more here 30 May 2024, Carbon Brief: Rich countries met $100bn climate-finance goal by ‘relabelling existing aid’, Billions of dollars of foreign aid have been reclassified as “climate finance”, thereby helping rich countries to meet a long-overdue target, according to new analysis. Newly released figures suggest that developed nations achieved their goal of raising $100bn in climate aid for developing countries in 2022 – two years after the deadline. The Organisation for Economic Co-operation and Development (OECD) says these countries raised $115.9bn for climate-related projects, following a record surge in spending. However, analysis conducted by the Center for Global Development (CGD) and shared with Carbon Brief suggests that around $27bn of the $94.2bn annual increase in public climate funds in 2022, compared to figures two decades ago, came from existing development aid. Specifically, the CGD identified at least $6.5bn of climate aid within the record 2022 increase that was diverted from other bilateral development aid programmes. This is despite the widespread expectation that wealthy countries should provide climate finance that is “new and additional”. Such accounting changes could allow some developed countries to reach their climate targets, even while slashing their wider aid budgets. Meanwhile, wealthy nations are under pressure to rapidly increase climate spending in the global south. At COP29 this year, all parties must agree on a new climate target that will help raise the trillions of dollars these nations say they need to address climate change. ‘Largest increase’ The $100bn target was set in 2009 at COP15 in Copenhagen to help developing countries cut their emissions and protect themselves from climate change. A group of “developed” countries, including many European nations, the US, Canada, Japan, Australia and New Zealand, agreed to “mobilise” this amount by 2020 and then each year through to 2025. This money largely comes from countries’ foreign-aid budgets, which finance climate-related development projects. A smaller proportion is also raised from the private sector. Crucially, countries have determined during UN climate negotiations that climate finance should be “new and additional”. This is widely interpreted as meaning the $100bn objective should all be supplied on top of existing aid, although such an interpretation has sometimes been contested by developed countries. Developed countries failed to hit the $100bn goal by 2020, raising just $83.3bn that year. This was poorly received by developing country governments, who view this money as essential to meet their climate targets under the Paris Agreement. 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.
