What you will find on this page: LATEST NEWS; Fossil fuel emissions have stalled; 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 3 January Jeremy Leggett Blog, State of The Transition: As fossil fuel diehards take over The White House, the evidence of a fast-moving global energy transition has never been clearer. As captains of the fossil fuel industries and their lobbyists prepare to take over the White House – appointed by a President elected by a minority, claiming to represent the people on an anti-elite ticket yet possessing by far the highest cumulative wealth of any cabinet ever – they will face evidence breaking out all around them of a fast-moving global energy transition threatening to strand the fossil fuels they seek to boost. “World energy hits a turning point”, a Bloomberg headline read on 16th December. “Solar power, for the first time, is becoming the cheapest form of new electricity,” the article marvelled. Analysis of the average cost of new wind and solar in 58 emerging-market economies – including China, India, and Brazil – showed solar at $1.65 million per megawatt and wind at $1.66. Google leads the giant corporations eagerly going with this flow. The largest corporate buyer of renewable energy announced on 6th December that it expects to hit its target of 100% renewable power in, wait for it, 2017. Google is a huge consumer of power, and going solar means deep emissions cuts, especially when solar infrastructure is hooked up with all the digital efficiency-enhancement fandangoes that Silicon Valley giants are zeroing in on in the fast emerging era of artificial intelligence in an internet of things. Read More here 16 December 2016, The Conversation, Full response from Craig Kelly. In relation to this FactCheck on electricity prices, Liberal MP Craig Kelly sent the following comments and sources to support his statement: Firstly, RenewEconomy – a pro renewable energy website. They quote prices (in US cents per kilowatt hour) in the USA at 12 cents per kilowatt hour and Australia at 29 cents – so on their numbers it’s actually closer to 2.4 times higher rather than double. These costs are described as “average national electricity prices” which I’d take as both businesses and households. However, I’d note that these figures can bounce around a bit subject to exchange rate fluctuations. Secondly, a report titled Electricity Prices in Australia: An International Comparison by CME (an energy economics consultancy focused on Australian electricity, gas and renewables markets) concludes: “In 2011/12 average household electricity prices in Australia (just under 25 cents/kWh) were 12% higher than average prices in Japan, 33% higher than the EU, 122% higher than the US.” Read More here 16 December 2016, The Conversation, FactCheck: Are Australians paying twice as much for electricity as Americans? Business here and households here, already we’re paying twice the cost of the US for electricity. – Craig Kelly MP, chair of the backbench environment and energy committee, ABC Radio National Breakfast interview, December 6, 2016. (Listen from 7.38). Environment and energy minister Josh Frydenberg recently left open the possibility of some form of carbon trading in the electricity sector. He later ruled out that option, saying he wanted to keep electricity prices down. Following Frydenberg’s initial comments, Liberal MP Craig Kelly said businesses and households in Australia are already paying twice as much as Americans for their electricity. Is that true? Read More here 13 December 2016, Carbon Brief, Some 33 US states have cut CO2 emissions while growing their economies over the past 15 years, according to new analysis from the Brookings Institution. These states show that economic growth can be compatible with tackling climate change. The US as a whole is one of at least 35 countries around the world to have achieved the same feat, by decoupling GDP growth and CO2 emissions between 2000 and 2014. “This success is an encouraging juncture in the campaign to limit global warming, and would seem to license cautious optimism,” write Devashree Saha and Mark Muro, the authors of the new research from the Brookings Institution’s Metropolitan Policy Program. “Yet now all of that is in question. With the stunning election of Donald Trump to the presidency, every aspect of the low-carbon paradigm for national and world progress has been thrown into doubt.” If the US federal government turns its back on climate mitigation, can individual sub-national bodies step up their own efforts? The authors explain: “Given their substantial powers to encourage emissions decoupling, states and cities are crucial players in the carbon drama. Therefore, it is worth assessing whether states’ and localities’ momentum on decoupling is strong enough to maintain recent progress.” For more discussion of the debate around decoupling, check out this recent Carbon Brief article. For more on changes in US states and the factors behind their varied progress, check out the full Brookings Institution analysis. Read More here 30 October 2018 The Guardian, Clean energy is cheap, surging – and headed for a fall. The relentlessly corrosive nature of political debate about climate change can sometimes mask that this is a golden moment for the clean energy industry in Australia. A near-constant stream of investment announcements suggests a barrier has been knocked down such that leading renewable technologies, so long dependent on public subsidies, have assumed market supremacy. In the Pilbara, Macquarie Bank has joined a proposed $22bn project that plans to use solar and wind to run local mines, create “green” hydrogen energy for north Asia and possibly export electricity to Indonesia. In regional South Australia, the British billionaire industrialist, Sanjeev Gupta, has said he considered building a coal plant to run the Whyalla steelworks he bought last year, but decided it was cheaper to throw roughly $1.5bn at solar, pumped hydro storage, battery storage and co-generation (creating energy from waste gas) as he adopts his “green steel” model. Outside Townsville, zinc refiner Sun Metals recently opened Australia’s first large-scale solar farm built by a major energy user to service part of its own needs and feed the grid. Access more here 24 October 2018,Renew Economy, Coalition digs deeper into coal and climate denial. If the Wentworth and Wagga Wagga by-elections were supposed to send a message to Coalition governments about the need to act on carbon emissions and embrace renewables, it hasn’t worked. If anything, it seems the federal government has lurched even further to the hard right, deepened its attachment to coal, and declared its outright hostility to making any moves to increase its emissions reduction targets. It has vowed to do all it can to stop Labor from doing just that, should it win power in the next federal poll. This shouldn’t be a surprise from a government led by the coal-swinging prime minister Scott Morrison, an anti-renewable energy minister in Angus Taylor, and an environment minister in Melissa Price who doesn’t seem to understand that emissions reductions should be a high priority. Morrison turned a tin ear to the public when the extent of the Wentworth wipe-out became apparent on Saturday night. And by Tuesday he and Taylor were “back at work”, doing whatever they could to encourage the proliferation of their fabled new energy source – fair dinkum power – and to take some wild, interventionist shots at big energy that could end up killing competition, rather than boosting it. It’s a staggering and dangerous mix of ideology and incompetence – broken only by the welcome news that the Coalition will not embrace ACCC boss Rod Sims’ long campaign against rooftop solar subsidies, and will allow them to wind down as planned over the next decade. Elsewhere, though, alarm bells are ringing. Access more here 2 October 2018, Climate Home News, Leaked US critique of climate report sets stage for political showdown in Korea. Confidential US comments on a landmark global warming report raise doubts about the science behind it, warn that it risks crimping economic development and advocate for carbon-catching technologies. The nine pages of comments on a draft of the UN report reflect the views of multiple government agencies and reveal a US diplomatic corps trying to speak to multiple constituencies – the global community, their own domestic interests and the White House. The comments, which Climate Home News has seen, also set the scene for a political battle over the report summary, which is up for negotiation in South Korea this week after two years of preparation and due to be published on Monday. Broadly, Washington argued that scientists had downplayed the scale of the challenge to limiting global warming to 1.5C – the lower target of the Paris Agreement. To meet that challenge, the US called for more emphasis on clean technologies that the Trump administration has consistently supported – including carbon capture and storage and nuclear power. At the same time, the US warned, measures to tackle global warming must not interfere with cutting poverty worldwide. This is the first time the Intergovernmental Panel on Climate Change (IPCC) has studied the effects of a global temperature rise of 1.5C above pre-industrial levels, rather than 2C, and how it can be achieved. The final “summary for policymakers” (SPM) will set the basis for efforts to raise national pledges for reducing greenhouse gas emissions, which are currently on track for a rise of around 3C by 2100. “The SPM narrative fails to communicate the scale of the global technological and economic challenge to meet the 1.5C objective,” the US said in its comments. “The SPM implies that these challenges will be minor and any trade-offs easily resolved, whereas the underlying report and the published literature clearly demonstrate the scope and depth of these barriers to limiting emissions consistent with 1.5C.” Read more here 1 October 2018, Renew Economy, Climate pollution still rising, and not consistent with Paris target. The Federal Government has released its quarterly update of the National Greenhouse Gas Inventory for the March 2018 quarter. In the year to March 2018 Australia’s emissions increased 1.3% (including land use, land use change and forestry). Fugitive emissions from the production, processing, transport, storage, transmission and distribution of fossil fuels (such as coal, crude oil and natural gas) increased by 13.7% over the year to March 2018, driven by an 18.7% increase in natural gas production. There was a 4.3% decrease in emissions from the electricity sector. According to the Environment and Energy Department this decrease reflected weakening demand in the National Electricity Market and a reduction in brown coal generation. Stationary energy use, which includes emissions from direct combustion of fuels predominantly in the manufacturing, mining, residential and commercial sectors, increased by 4.6%. This was largely caused by a 25.4% increase in LNG exports in 2018. Domestic gas sales decreased by 9.7% in 2017 – partially offsetting the growth in LNG. However, LNG is still forecasted to grow 8.7% in 2018. Government’s record Since being elected to office in September 2013, the Federal Coalition Government has made no progress in reducing Australia’s overall emissions. In fact, there is an upward trend. In its first quarter in government (December 2013) emissions were at 130.3 million metric tonnes of carbon dioxide equivalent (Mt CO2 -e). For the March 2018 quarter they were at 133.8 Mt CO2 -e, an increase of 2.7%. Since the Federal Coalition Government repealed the national price on pollution in June 2014 emissions have risen 3.7%. As a result, Australia’s emissions are now above 2012 levels. The Federal Government has set Australia’s 2030 annual emission target at 441 – 435 (Mt CO2-e). Australia’s annual emissions for 2018 are forecasted at 536.7 Mt CO2-e, an increase of 4.4% on 2013 levels. This target is not consistent with the Federal Government’s commitment under the Paris Climate Agreement to limit global warming well below 2°C. Read more here 15 August 2023, Climate Home news: US sparks controversy by backing oil company’s carbon-sucking plans. The CEO of Occidental Petroleum has said that direct air capture is a way of prolonging the life of the oil industry. The US government has been criticised for plans to hand out up to $500 million to help an oil company suck carbon out of the air in Texas. The Department of Energy announced it would invest in two direct air capture facilities, which will suck the planet-warming gas out of the atmosphere and store it underground. One of those facilities will be built by Occidental Petroleum, whose CEO Vicki Hollub said earlier this year that direct air capture will help “preserve our industry” and get more oil out of the ground. The proper role. The Intergovernmental Panel on Climate Change (IPCC) scientists say the world needs to develop some direct air capture to compensate for the emissions of the hardest to clean up sectors. But IPCC author Glen Peters told Climate Home that Occidental “do not really understand the role of carbon dioxide removal” and Hollub’s views are “not consistent with the science”. Peters said that “in principle” the US government should not have given Occidental this money, although he questioned how such an exclusion could be justified. The $1.2 billion handout. In November 2021, Congress members from the Democrats and Republicans agreed to a Bipartisan Infrastructure Law, which included $1.2 billion for direct air capture hubs. On Friday, they announced that up to $500 million each of this investment would go to Occidental’s hub in Texas and to another center run by air direct capture company Climeworks in Louisiana. Read more here 8 August 2023, Climate Council: BROKEN INSURANCE MARKET FAILING TO PROTECT PEOPLE IN CLIMATE CRISIS: NEW REPORT. Urgent government action is needed to make home and contents insurance accessible and affordable. New research from a coalition of advocacy groups has found the home and contents insurance market is failing to protect people against extreme weather events, with customers struggling to access and afford the insurance they need. The report, commissioned by CHOICE, Climate Council, Financial Counselling Australia, Financial Rights Legal Centre, and the Tenants’ Union of NSW, is based on a nationwide survey of home insurance policyholders, in depth interviews with people affected by extreme weather events and interviews with key civil society groups. “Two in five respondents to our national survey of home and contents insurance policyholders reported that they had been impacted by extreme weather events in the past five years, but our research found that the insurance market is failing to cover these events fairly and affordably. Many people are being forced to pay higher premiums, reduce their cover, or abandon insurance entirely,” says CHOICE CEO, Alan Kirkland. “We’re calling for coordinated action by governments and the insurance industry to ensure that people are effectively protected against the effects of extreme weather events. Home and contents insurance needs to be simpler, fairer and more affordable. We also need solutions to the problems that can’t be solved by insurance alone – such as planning for relocation of communities in high-risk areas and funding for people to make their homes more resilient,” says Kirkland. The research revealed five key problems with the home and contents insurance market: Read more here 8 August 2023: Climate Home News: Mainstream economists accused of playing down climate threat. Economic models have ignored tipping points, rainfall changes and indoor work, leading them to under-estimate climate change’s economic damage. Mainstream economics has consistently understated the economic damage of climate change, according to two recent reports. As economic models fail to include tipping points, floods, droughts or indoor work, they hugely underplay the economic damage that global warming will do, the reports argue. The models are relied upon by investors, politicians, central bank governors and influential bodies like the Intergovernmental Panel on Climate Change (IPCC). An IPCC report last year, which was signed off by all governments, summarised these models to conclude that warming of around four degrees Celsius “may cause a 10-23% decline in global GDP by 2100 relative to global GDP without warming”. Other parts of the same report warned of catastrophic physical impacts at that level of warming. The professional body for the UK’s actuaries (IFA), whose job is to judge risk for insurance companies and pension funds, published a report last month which argued that influential economic models like this “jar with climate science”. Read more here 8 August 2023, Climate Home News: Metals bosses enjoy front row seat at UN deep-sea mining negotiations. Dozens of mining industry representatives joined government negotiating teams at high-stakes United Nations talks charting the future of controversial deep-sea mining last month. Climate Home News identified at least 33 executives and employees of companies directly involved in the nascent deep-sea mining industry on the list of state delegations at the International Seabed Authority (ISA) annual meeting. The little-known UN agency is tasked with setting the rules for the extraction of minerals found on the vast ocean floor in international waters. No such activity is currently taking place at commercial level yet. But this year’s summit came at a pivotal moment, as any member state could now theoretically apply for a mining contract on behalf of a company. That is after a deadline to establish mining rules triggered by the island-nation of Nauru lapsed earlier in July. The meeting pitted a handful of countries pushing for the ISA to introduce regulations and issue permits against a growing coalition calling for a halt to operations until the full environmental impacts are known. Mining companies claim that minerals like nickel and cobalt extracted from polymetallic nodules lying on the seabed are needed in batteries and will help speed up the energy transition. An area of the Pacific Ocean floor known as the Clarion Clipperton Zone, which is under the control of the ISA, contains a high concentration of the golf ball-sized nodules. 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. 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.
