12 October 2017, WIRED, The Dirty Secret of the World’s Plan to Avert Climate Disaster. IN 2014 HENRIK Karlsson, a Swedish entrepreneur whose startup was failing, was lying in bed with a bankruptcy notice when the BBC called. The reporter had a scoop: On the eve of releasing a major report, the United Nation’s climate change panel appeared to be touting an untried technology as key to keeping planetary temperatures at safe levels. The technology went by the inelegant acronym BECCS (Bio-Energy with Carbon Capture and Storage), and Karlsson was apparently the only BECCS expert the reporter could find. Karlsson was amazed. The bankruptcy notice was for his BECCS startup, which he’d founded seven years earlier after an idea came to him while watching a late-night television show in Gothenburg, Sweden. The show explored the benefits of capturing carbon dioxide before it was emitted from power plants. It’s the technology behind the much-touted notion of “clean coal,” a way to reduce greenhouse gas emissions and slow down climate change…..But here’s where things get weird. The UN report envisions 116 scenarios in which global temperatures are prevented from rising more than 2°C. In 101 of them, that goal is accomplished by sucking massive amounts of carbon dioxide from the atmosphere—a concept called “negative emissions”—chiefly via BECCS. And in these scenarios to prevent planetary disaster, this would need to happen by midcentury, or even as soon as 2020. Like a pharmaceutical warning label, one footnote warned that such “methods may carry side effects and long-term consequences on a global scale.” …… Still, negative emissions are not mentioned in the Paris Climate Agreement or a part of formal international climate negotiations. As Peters and Geden recently pointed out, no country mentions BECCS in its official plan to cut emissions in line with Paris’s 2°C goal, and only a dozen mention carbon capture and storage. Politicians are decidedly not crafting elaborate BECCS plans, with supply chains spanning continents and carbon accounting spanning decades. So even if negative emissions of any kind turns out to be feasible technically and economically, it’s hard to see how we can achieve it on a global scale in a scant 13 or even three years, as some scenarios require. Read More here
Tag Archives: coal
10 October 2017, The Conversation Government’s energy plan still under wraps while Abbott shouts his from afar. Speaking in a light and bright FM radio interview on Tuesday, Malcolm Turnbull said that in politics, “just being chilled, calm is very important. A little bit of zen goes a long way.” He was answering a question about himself. But those with a stake in energy policy might be feeling a rather desperate need to dip into their own zen reserves right now. The government hates the suggestion its policy process looks chaotic, and insists there is “a plan”. “The good news is that we have learned the lessons of the past, we know where we are going and we have a comprehensive plan to get there,” Energy Minister Josh Frydenberg told The Australian Financial Review’s energy summit. But what the core feature of the plan is has yet to be revealed, and this week has added to the public confusion. The AFR’s two-day forum, which seemed to have everyone who is anyone in the field, provided a stage for the latest episode in the policy saga. Frydenberg’s Monday speech was widely seen as the government walking away from the clean energy target proposed by Chief Scientist Alan Finkel. The justification was the falling price of renewables, obviating the need for future subsidies. No surprise perhaps, because despite some initial enthusiasm from Turnbull and Frydenberg, the crab-walk back, under the pressure of the naysayers in Coalition ranks, had been apparent for some time. But here it was happening with Finkel himself in the room, as one of the conference speakers. Read More here
4 October 2017, The Conversation, Why are we still pursuing the Adani Carmichael mine? Why, if Adani’s gigantic Carmichael coal project is so on-the-nose for the banks and so environmentally destructive, are the federal and Queensland governments so avid in their support of it? Once again the absurdity of building the world’s biggest new thermal coal mine was put in stark relief on Monday evening via an ABC Four Corners investigation, Digging into Adani. Where the ABC broke new ground was in exposing the sheer breadth of corruption by this Indian energy conglomerate. And its power too. The TV crew was detained and questioned in an Indian hotel for five hours by police. It has long been the subject of high controversy that the Australian government, via the Northern Australia Infrastructure Facility (NAIF)that is still contemplating a A$1 billion subsidy for Adani’s rail line, a proposal to freight the coal from the Galilee Basin to Adani’s port at Abbot Point on the Great Barrier Reef. But more alarming still, and Four Corners touched on this, is that the federal government is also considering using taxpayer money to finance the mine itself, not just the railway. No investors in sight As private banks have walked away from the project, the only way Carmichael can get finance is with the government providing guarantees to a private banking syndicate, effectively putting taxpayers on the hook for billions of dollars in project finance. The prospect is met with the same incredulity in India as it is here in Australia: Read More here
4 October 2017, The Conversation, Australia’s $1 billion loan to Adani is ripe for a High Court challenge. Indian mining giant Adani’s proposal to build Australia’s largest coal mine in Queensland’s Galilee Basin has been the source of sharp national controversy, because of its potential economic, health, evironmental and cultural risks. These concerns were amplified this week when India’s former environment minister Jairam Ramesh told the ABC’s Four Corners: My message to the Australian government would certainly be: please demonstrate that you have done more homework than has been the case so far. It’s a valid warning, considering that a Commonwealth investment board is considering loaning Adani A$1 billion in federal money to assist the development of mining infrastructure. The loan, expected to be announced any day now, will no doubt agitate further political controversy. It is also likely to pave the way for yet more court challenges against Adani’s proposal. Read More here