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 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. Given this good news, we have an extraordinary opportunity to extend the changes that have driven the slowdown and spark the great decline in emissions needed to stabilise the world’s climate. This result is part of the annual carbon assessment released today by the Global Carbon Project, a global consortium of scientists and think tanks under the umbrella of Future Earth and sponsored by institutions from around the world. Read more here 13 November 2016, Reuters, World CO2 emissions stay flat for third year, helped by China falls: study. World greenhouse gas emissions stayed flat for the third year in a row in 2016, thanks to falls in China, even as the pro-coal policies of U.S. President-elect Donald Trump mean uncertainty for the future, an international study said on Monday. Carbon dioxide emissions from fossil fuels and industry were set to rise a tiny 0.2 percent in 2016 from 2015 levels to 36.4 billion tonnes, the third consecutive year with negligible change and down from three percent growth rates in the 2000,s, it said. The Global Carbon Project, grouping climate researchers, welcomed the flatlining of emissions amid global economic growth. But it cautioned that the world was not yet firmly on track for a greener economy. “It’s far too early to say we’ve reached a peak in emissions,” co-author Glen Peters, of the Center for International Climate and Environmental Research in Oslo, told Reuters, referring to the findings issued at U.N. talks on climate change in Marrakesh, Morocco. “So far the slowdown has been driven by China,” Peters said, adding Beijing’s climate change policies would also be the dominant force in future since it accounts for almost 30 percent of global emissions. Chinese emissions were on track to dip 0.5 percent this year, depressed by slower economic growth and coal consumption. U.S. emissions were projected to fall by 1.7 percent in 2016, also driven by declines in coal consumption, according to the study published in the journal Earth System Science Data. By contrast, emissions in many emerging economies are still rising. Carbon dioxide is the main man-made greenhouse gas blamed for trapping heat, stoking disruptions to world water and food supplies with heat waves, floods, storms and droughts. Read More here 11 November 2016, Energy Post, Lumenaza creates regional electricity markets: “We want to connect up all 1.4 million solar PV producers in Germany with consumers locally”. A new software platform in Germany lets utilities buy and sell “regional electricity” by connecting up small producers with consumers. Start-up Lumenaza, founded three years ago, meets a growing demand for transparency, explains CEO and founder Christian Chudoba in an exclusive interview with Energy Post. Unlike a typical virtual power plant, Lumenaza targets tiny producers such as owners of rooftop solar. Its goal is to connect up all of Germany’s 1.4 million small power producers. Lumenaza was inspired by a family party in southern Germany. Christian Chudoba, today the company CEO, realised that everyone around him was generating electricity, but there was no way of buying this local produce. In response, he founded co-Lumenaza with his Siemens colleague Bernhard Böhmer in February 2013. Three years later, the company offers utilities a software platform that directly connects up small, local producers with consumers in the same region. Eight projects are up and running and another 3-4 expected by the end of the year. Chudoba comes from the world of software telecommunications at Siemens. He had the business idea; Böhmer, today Chief Technology Officer, supplied the software expertise. Oliver March, now CFO, jointed one year later bringing in the financial expertise. The two have created a product that they believe can help improve the acceptance for building more renewables in Germany. Just as consumers like to buy local, producers “like the idea of knowing where the electricity they produce is going”, says Chudoba. We call it a marketplace or “utility-in-a-box” software. The platform buys the electricity from local [renewables] producers and sells it to consumers. Read More here 19 September 2016, The Guardian, Adani Carmichael coalmine faces new legal challenge from conservation foundation. Foundation appeals against ruling that endorsed mine’s approval by the commonwealth. The Australian Conservation Foundation has renewed its legal challenge to Adani’s Carmichael mine, appealing against a federal court ruling that endorsed its approval by the commonwealth. The ACF on Monday lodged an appeal against last month’s decision, which found the then federal environment minister, Greg Hunt, was entitled to find the impact on global warming and the Great Barrier Reef from the Queensland mine’s 4.6bn tonnes of carbon emissions “speculative”. The president of the ACF, Geoff Cousins, said Australia’s national environment protection laws were “broken” if the minister could approve “a mega-polluting coalmine – the biggest in Australia’s history – and claim it will have no impact on the global warming and the reef”. “If our environment laws are too weak to actually protect Australia’s unique species and places, they effectively give companies like Adani a licence to kill,” Cousins said. “Be in no doubt, Adani’s Carmichael proposal is massive and will lock in decades of damaging climate pollution if it goes ahead, further wrecking the reef. “The science is clear that we can have coal or the reef – but we can’t have both.” Read More here 21 May 2018, Renew Economy. AGL rejects Alinta bid for Liddell, Coalition goes nuts. AGL Energy has – as expected – firmly rejected a bid from Alinta Energy and its Chinese owner Chow Tai Fook Enterprises to buy the ageing and decrepit Liddell coal generator in New south Wales, despite intense pressure from the Coalition government to do so. In a statement on Monday, AGL described the $250 million Alinta offer as an “unsolicited, non-binding, highly conditional indicative offer” – and most observers would say highly opportunistic, inadequate and unrealistic too. AGL came to the same conclusion on the latter, saying the proposal significantly undervalued the value of Liddell and the site it operates. It told them they’re dreaming. “AGL has completed a thorough assessment of the Offer and, after careful consideration, has advised Chow Tai Fook and Alinta that it will not proceed any further with the Offer,” the company said in a statement. “The AGL Board has determined that the offer is not in the best interests of AGL or its shareholders. The offer significantly undervalues future cash flows to AGL of operating the Liddell Power Station until 2022 and the repurposing of the site thereafter.” AGL says it had again sought third party expert advice about the reliability and safety of keeping Liddell open longer than its planned closure in 2022 – and has reaffirmed its decision to close it at that time, and replace it with gas, renewables and storage. It notes that the Australian Energy Market Operator has confirmed that completion of its plan for the Liddell site will address the capacity shortfall that may occur as a result of Liddell’s closure. The decision follows intense pressure from the Coalition government to try and force AGL to sell the power station, despite the government insisting at the same time that it only ever wanted to leave the fate of the sector to the market. Read more here 14 May 2018, Renew Economy, Australia emissions rise for 3rd year in row, despite fall in electricity. The federal government’s latest tally of Australia’s carbon emissions reveals yet another increase in the nation’s contribution to climate changing greenhouse gases, even without the contributions of Victoria’s now-closed Hazelwood coal plant. The quarterly report, produced by the Department of Environment and Energy, shows a 0.8 increase in national emissions levels in the December 2017 – March 2018 quarter, up from the previous quarter. Annual emissions for the year to December 2017, meanwhile, were estimated to be 533.7 Mt CO2-e – a 1.5 per cent increase when compared with the previous year. This should not be surprising. The current government’s numerous critics point out that the country has no emissions reduction mechanisms to reach its modest target of a 26-28 per cent cut in emissions from 2005 levels by 2030. The only sector that does have a mechanism – the electricity sector with the renewable energy target that the Coalition government tried to kill – is the only sector that has shown a reduction, a 3.1 per cent fall over the year due mainly to the closure of Hazelwood, and lower demand, possibly due to more efficient appliances and more rooftop solar. The report, despite being emblazoned with the names of the government department and the Australian government itself, is prefaced with the following surprising disclaimer: “The views and opinions expressed in this publication are those of the authors and do not necessarily reflect those of the Australian Government or the Minister for the Environment and Energy”. The main culprit behind the biggest single increase in emissions – the more than 10 per cent jump in fugitive emissions from the energy sector – has been linked to the Turnbull government’s great energy transition hope: gas. Read more here 10 May 2018, BBC, Trump White House axes NASA research into greenhouse gas cuts. President Donald Trump’s administration has ended US space agency Nasa’s monitoring system into greenhouse gases, a US journal has revealed. The Carbon Monitoring System (CMS), a $10m (£7m)-a-year project which remotely tracks the world’s flow of carbon dioxide, is to lose funding. Science magazine reports that its loss jeopardises the ability to measure national emission cuts – as agreed to by nations in the Paris climate deal. The US plans to withdraw from the deal. However, until a pullout is formalised in 2020, the US continues to be part of the international climate accord. US officials are currently in Germany as part of talks to outline a detailed rule book for the 2015 Paris agreement. They are reportedly insisting on strong rules for reporting and monitoring greenhouse gas emissions. Mr Trump has repeatedly threatened Nasa’s earth science budget and other climate missions. In March, a spending deal signed in Congress omitted mention of CMS, effectively killing future US research into verifying greenhouse gas emission cuts. “If you cannot measure emissions reductions, you cannot be confident that countries are adhering to the agreement,” energy and environment professor Kelly Sims Gallagher told the journal. Making cheating easy Accurately measuring emissions of carbon dioxide has been one of the major challenges for UN negotiators since concerns over climate change first manifested in the 1990s. Right now most countries produce annual estimates based on working out how much fuel is used in transport, energy and industry. These are often wildly inaccurate, making cheating easy. Read more here 20 April 2018, The Conversation, Federal government sets sights on August approval for National Energy Guarantee. Federal energy minister Josh Frydenberg says he is confident of securing state governments’ support for the National Energy Guarantee, with a final decision now timetabled for August. At a meeting today, state energy ministers agreed to progress towards a final version of the policy, which aims to ensure a reliable electricity supply while also cutting the sector’s greenhouse emissions by 26% by 2030. Details of the policy were first unveiled in October 2017, after the federal government opted against Chief Scientist Alan Finkel’s recommended Clean Energy Target. It features two components: a “reliability guarantee” and an “emissions guarantee”. Under the latest iteration of the policy, developed by the Energy Security Board, electricity retailers would be required to ensure they do not exceed a certain level of greenhouse emissions per unit of electricity sold. They would also be expected to invest in extra generation capacity in advance of any forecast shortfall, so as to ensure reliability. Grattan Institute energy analyst David Blowers wrote this week that although the 26% emissions target is far too modest, the policy could deliver much-needed bipartisan political support. It would create investment certainty and then could be ramped up later. But RMIT’s Alan Pears previously wrote that the government’s slow and modest policy ambition has been overtaken by the breakneck pace of change in renewables and energy efficiency. Economic analysts have voiced fears that the policy’s “technology-neutral” approach is a stalking-horse for coal and may put the brakes on renewable energy investment in Australia. Read more here 3 July 2023, Reuters: World hits record land, sea temperatures as climate change fuels 2023 extremes. The target of keeping long-term global warming within 1.5 degrees Celsius (2.7 Fahrenheit) is moving out of reach, climate experts say, with nations failing to set more ambitious goals despite months of record-breaking heat on land and sea. As envoys gathered in Bonn in early June to prepare for this year’s annual climate talks in November, average global surface air temperatures were more than 1.5C above pre-industrial levels for several days, the EU-funded Copernicus Climate Change Service (C3S) said. Though mean temperatures had temporarily breached the 1.5C threshold before, this was the first time they had done so in the northern hemisphere summer that starts on June 1. Sea temperatures also broke April and May records. “We’ve run out of time because change takes time,” said Sarah Perkins-Kirkpatrick, a climatologist at Australia’s University of New South Wales. As climate envoys from the two biggest greenhouse gas emitters prepare to meet next month, temperatures broke June records in the Chinese capital Beijing, and extreme heatwaves have hit the United States. Parts of North America were some 10C above the seasonal average this month, and smoke from forest fires blanketed Canada and the U.S. East Coast in hazardous haze, with carbon emissions estimated at a record 160 million metric tons. In India, one of the most climate vulnerable regions, deaths were reported to have spiked as a result of sustained high temperatures, and extreme heat has been recorded in Spain, Iran and Vietnam, raising fears that last year’s deadly summer could become routine. Read more here 26 May 2023, The Conversation, Antarctic alarm bells: observations reveal deep ocean currents are slowing earlier than predicted. Antarctica sets the stage for the world’s greatest waterfall. The action takes place beneath the surface of the ocean. Here, trillions of tonnes of cold, dense, oxygen-rich water cascade off the continental shelf and sink to great depths. This Antarctic “bottom water” then spreads north along the sea floor in deep ocean currents, before slowly rising, thousands of kilometres away. In this way, Antarctica drives a global network of ocean currents called the “overturning circulation” that redistributes heat, carbon and nutrients around the globe. The overturning is crucial to keeping Earth’s climate stable. It’s also the main way oxygen reaches the deep ocean. But there are signs this circulation is slowing down and it’s happening decades earlier than predicted. This slowdown has the potential to disrupt the connection between the Antarctic coasts and the deep ocean, with profound consequences for Earth’s climate, sea level and marine life. Read more here 19 May 2023, Climate Homes News: The UAE’s Cop28 presidency has gone all Clint Eastwood this week, by asking The Good, The Bad and The Ugly to be involved in the climate talks. Wearing the white hat on the new 31-member Cop28 advisory board are the likes of Hindou Ibrahim, a climate campaigner from Chad, and Saleemul Huq, who has called fossil fuel exploration a “crime against humanity”. On the other side of the saloon are four fossil fuel executives including Bob Dudley. A new study shows his old firm BP owes $377 billion a year in climate reparations but that is definitely not on the agenda of Cop28 president Sultan Al-Jaber seeing as the company he leads (Adnoc) owes $318 billion a year. Then there’s the downright ugly. The UAE’s ambassador to Syria issued a formal invitation to Bashar al-Assad. A Cop28 spokesperson said they wanted to “have everyone in the room”. Read more here The United Arab Emirates has appointed 31 people, including fossil fuel executives and climate campaigners, to its advisory board for November’s Cop28 climate talks. The group includes the chair of an Indian gas company, the former head of China’s national oil company, the ex-boss of the UK’s BP oil firm and the CEO of an Emirati oil and gas producer. It also features the head of the African climate foundation, a veteran Bangladeshi anti fossil-fuel campaigner and the former president of the climate-threatened Marshall Islands. The UAE government said the board brought together “the climate expertise of thought leaders from countries across six continents”. They said it includes “policy, industry, energy, finance, civil society, youth and humanitarian action” and “will provide guidance and counsel to the Cop presidency in the run up to Cop28 and beyond”. But Oil Change International campaigner Romain Ioualalen told Climate Home: “While there has clearly been an effort to make the advisory committee inclusive and diverse, it is deeply concerning to see oil and gas interests being consulted on how to run negotiations to phase out their products.” Read more here 18 May 2023, NOAA – Climate .gov: As we blogged about earlier this month, the odds that El Niño—the warm phase of the planet’s most powerful natural climate pattern, the El Niño-Southern Oscillation—will emerge in the tropical Pacific Ocean later this year continue to rise. One sign that El Niño is on its way is the rapid shift from cool to warm ocean surface temperatures in the heart of the tropical Pacific. This animation shows weekly temperatures across the Pacific Ocean compared to the long-term average from December 5 to May 14. Cooler-than-average waters are blue; warmer than average waters are orange to red. The key area for monitoring La Niña and El Niño is outlined with a black rectangle. Week by week, cooler surface waters are gradually replaced by warmer waters from the east. 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.
