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 4 February 2016, Renew Economy, Adani puts Galilee coal mine on hold pending recovery in coal price. The Indian mining and energy giant Adani Enterprises appears to have put development of its massive and controversial $16 billion Carmichael coal mine in the Galilee Basin on hold – until coal prices show signs of a solid rebound. Which could be never. A report from brooking house Axis Capital in India this week quotes Adani management as saying that no capital expenditure is planned by the company for the project until there is “visibility” of a rebound in the coal price. Given that international coal prices are at record lows, and most analysts predict further falls as the commodity faces increased competition from renewables, and major economies turn away from coal due to environmental and climate impacts, it suggests that Adani accepts that the Galilee Basin may not get developed. This is in complete contrast to the comments attributed by Adani to the Queensland government, where it is apparently trying to sound optimistic about its go-ahead, suggesting it could re-start works within months. The Queensland Labor government this week gave environmental approval for the mine, despite massive concerns about its impact on the Great Barrier Reef and on climate targets. An Adani spokesman was quoted by the Brisbane Courier-Mail as saying: “The company is in a position to resume some of the development and other works on its projects within months of a mining lease being granted.” However, the Axis Capital report (an excerpt of which appears above) quoted Adani management as saying that no capital expenditure is planned for the Galille Basin mine this financial year – and none would be likely in future without “visibility of revival in global coal prices.” Given that the outlook for global coal prices is poor, this suggests that there will be no investment in Galilee, and underscores the difficulty it will have in attracting finance for a project that analysts says will not be economic. Even the conservative International Energy Agency said late last year that it did not expect carmichael and other projects in the Galilee Basin to be built. “It is not likely that the above listed projects will be operational by 2020, if ever,” it said in its latest medium term coal outlook.Read More here 3 February 2016, The Guardian, We’re drowning in cheap oil – yet still taxpayers prop up this toxic industry. Those of us who predicted, during the first years of this century, an imminent peak in global oil supplies could not have been more wrong. People like the energy consultant Daniel Yergin, with whom I disputed the topic, appear to have been right: growth, he said, would continue for many years, unless governments intervened. Oil appeared to peak in the United States in 1970, after which production fell for 40 years. That, we assumed, was the end of the story. But through fracking and horizontal drilling, production last year returned to the level it reached in 1969. Twelve years ago, the Texas oil tycoon T Boone Pickens announced that “never again will we pump more than 82 million barrels”. By the end of 2015, daily world production reached 97m . Instead of a collapse in the supply of oil, we confront the opposite crisis: we’re drowning in the stuff. The reasons for the price crash – an astonishing slide from $115 a barrel to less than $30 over the past 20 months – are complex: among them are weaker demand in China and a strong dollar. But an analysis by the World Bank finds that changes in supply have been a much greater factor than changes in demand. Oil production has almost doubled in Iraq, as well as in the US. Saudi Arabia has opened its taps, to try to destroy the competition and sustain its market share – a strategy that some peak oil advocates once argued was impossible. Read More here 3 February 2016, Renew Economy, Senate to inquire into carbon risk, despite Coalition objection. The Australian Senate is to begin an inquiry into carbon risk disclosure in Australia, following a proposal by the Greens after the ground-breaking Paris climate agreement reached late last year. The inquiry is due to report in June and will study carbon risk disclosure practices among Australian companies, regulatory oversight, international practice, and Australia’s involvement in the G20 Financial Stability Board discussions on carbon risk impacts. “The Paris Agreement finalised in December 2015 has fundamentally changed the investment landscape,” said Emma Herd, the head of The Investor Group on Climate Change (IGCC), which represents most major investment houses and superannuation funds. “When 195 nations agreed to a goal of limiting global warming to 2°C moving towards 1.5°C, it immediately became clear that all companies will need to stress test their commercial strategy for a two degree scenario and disclose to the market the risks and opportunities for their business.” The inquiry will focus on corporate disclosure, although given the decisions at state and federal level in recent weeks, it might also want to focus on the carbon risk for the Australian economy as a whole. New data this week revealed that Australia was increasing its emissions at a faster rate than any other developed economy, and was not likely to peak its emissions before 2030. The lack of new funding for Direct Action means that there is now no policy in place to reduce emissions. Investment in renewables remains at a standstill. Read More here 2 February 2016, The Guardian, Queensland gives Adani environmental permit for Carmichael coalmine. Huge project clears one more hurdle, but financial uncertainty still hovers over the mine and related rail and port construction at Abbot Point. Adani has secured an environmental permit from the Queensland government to build Australia’s largest coal mine. The Indian conglomerate was issued an environmental authority for its Carmichael mine, west of Bowen in north Queensland, by the department of environment and heritage on Tuesday. It is one less hurdle for Adani’s highly contested plans, after its Australian chief complained last week that delays in government approvals were “incentivising” green activists to plot further legal challenges to stymie the company’s progress. Adani still needs to obtain significant bank funding to realise its $16.5bn mine, rail and port project. It must convince the Queensland government it has obtained “financial closure” before it will be allowed to begin dredging near Great Barrier Reef waters to expand the Abbot Point export facility. A lull in world coal demand and moves in India to rely less on imported thermal coal have cast doubt on the future of the mine. Adani still has to obtain a mining lease from the Queensland government. The state land court last year recommended resources minister Anthony Lynham approve the lease after a legal challenge by conservation group Coast and Country failed to persuade the judge that the mine would have any impact on Asian coal consumption. Read more here 14 July 2017, The Conversation, Memo to COAG: Australia is already awash with gas. Federal, state and territory energy ministers are gathering today in Brisbane for the tenth meeting of the COAG Energy Council. In the wake of the Finkel Review, and against a backdrop of rising electricity and gas prices, they have much to discuss. Some of the focus will certainly be on gas policy and prices. Earlier this week, the federal energy minister, Josh Frydenberg, argued that state governments should develop their onshore gas reserves to relieve pressure on the gas market. Victoria and the Northern Territory both have bans on onshore gas development, introduced partly to protect prime farming land. Controversially, federal Liberal MP Craig Kelly suggested on Thursdaythat pressure from renewable resources on energy prices meant that “people will die” this winter if they’re afraid to turn on their heating. Yet it is gas generation, not renewables, that typically sets the price in the electricity market. As Fairfax reported yesterday, electricity prices move up and down with the gas price, almost exactly in tandem. What’s more, the reality is that Australia has enough existing gas reserves to keep producing at current rates, including exports to the international LNG market, for at least the next 25 years. Developing extra onshore gas potentially risks harming valuable agricultural land for little gain – and certainly won’t bring energy prices down by the end of this winter. Read More here 12 July 2017, The Guardian, Commentators who don’t understand the grid should butt out of the battery debate. Criticising South Australia’s battery for not meeting peak demand is akin to raging at your smartphone because it can’t send a fax. he Australian electricity grid’s most recently announced extremity is a gargantuan battery system in South Australia, designed to bolster grid security. The facility has been met mostly with a warm welcome, interspersed with weird, interesting and tense hostility. Buried in the mix of reactions are clues about how a new phase of grid transition might play out, as we switch from the rapid build out of zero carbon power sources to building and integrating them into a system designed for fossil fuels.Before we interrogate the misunderstandings of South Australia’s new battery, we have to step back and look at the system as a single, electric organism. Read More here 7 July 2017, Renew Economy, Coal CEO admits that ‘clean coal’ is a myth. While President Donald Trump continues to tout “clean” coal, coal baron Robert Murray says it’s just a fantasy. “Carbon capture and sequestration does not work. It’s a pseudonym for ‘no coal,’” the CEO of Murray Energy, the country’s largest privately held coal-mining company, told E&E News. Carbon capture and sequestration (CCS), also called carbon capture and storage, is the process of trapping carbon dioxide from a power plant (during or after burning a hydrocarbon like coal) and then storing it permanently, usually underground. It’s a technically challenging and expensive process — especially problematic in an era of cheap natural gas and renewable energy. Mississippi pulled the plug on one of the country’s biggest CCS efforts last month after the company spent billions on trying, and failing, to make it work…. That’s why it’s so stunning a top coal CEO like Murray would now say that clean coal isn’t a real thing. “It is neither practical nor economic, carbon capture and sequestration,” he said last week. “It is just cover for the politicians, both Republicans and Democrats that say, ‘Look what I did for coal,’ knowing all the time that it doesn’t help coal at all.” And this is from a guy who is a member of the American Coalition for Clean Coal Electricity — which has spent tens of millions of dollars trying to persuade the public that clean coal is the solution to global warming. If, as Murray says, CCS is “neither practical nor economic,” then coal clearly has no future. Two years ago the nations of the world agreed in Paris to bring global CO2 emissions down to zero in the second half of this century — the only way to avoid multiple, irreversible catastrophic climate impacts. Read More here 6 July 2017, Climate Home, The tax-free shipping company that took control of a country’s UN mission. How the tiny, climate-threatened Marshall Islands came to be represented at UN shipping talks by a private company based in Virginia, 11,000 km away. In 2015 Tony de Brum, then foreign minister of the Marshall Islands, came to the International Maritime Organisation (IMO) in London to deliver a simple message: international shipping must decarbonise or be responsible for destroying his country. International shipping could be responsible for nearly a fifth of the world’s carbon emissions by 2050. If the IMO, the branch of the UN that regulates international shipping, failed to set ambitious climate targets, it would be disastrous for low-lying islands like his own, de Brum would say. But when he walked in to the IMO plenary, de Brum found strangers sitting in his country’s place. “I was talking about a Goldilocks situation,” he told Climate Home two years later on the verandah of his bungalow on the Marshallese capital atoll Majuro, a few feet from the lagoon. “We had some difficulty convincing the people who were sitting in our seats, literally, that we were the representatives of the Marshall Islands.” The people de Brum found representing the Marshall Islands were from International Registries Inc. (IRI), a private shipping register headquartered in Reston, Virginia. According to its website, the company provides access to the Marshall Islands flag and a “zero tax jurisdiction that statutorily exempts non-resident domestic corporations from taxation on their income and assets”. Thanks to IRI, the Marshall Islands boasts the second largest fleet of ships in the world and the world’s largest fleet of oil tankers. The company attracts ship owners with the promise of zero corporation tax and no seafarer nationality requirements – the latter allows them to skirt organised labour. The 45,000 offshore companies registered with IRI also benefit from corporate anonymity. De Brum, now climate change ambassador for the Marshall Islands, said he was “appalled” by IRI’s suspicious response to his arrival at the IMO. He did eventually deliver his message. But two years on, the shipping industry remains out of step with the rest of the world on climate change. In 20 years, the IMO has made just one intervention to address carbon emissions: an efficiency index which the International Energy Agency said would only improve efficiency by 1% between 2015 and 2025. A new study by CE Delft found the efficiency of new ships actually got worse in 2016. Read More here 6 November 2021, The Guardian. How Scott Morrison’s Cop26 climate show was derailed by Emmanuel Macron and the submarine row. Scott Morrison’s appearance at the G20 and Cop26 was supposed to be about consolidating the Coalition’s climate pivot before the next election. But the French president, Emmanuel Macron, had other ideas. Political editor Katharine Murphy travelled with Morrison to Rome and Glasgow this week. Here is how an extraordinary week unfolded behind the scenes. Most interesting article! Read more here 1 November 2021, Renew Economy. Morrison fumbles in Rome, but his main game is to block progress at Glasgow. Two weeks of international climate talks are off to an inauspicious start – with some of the world’s largest greenhouse gas emitters failing to agree to end the use of coal – and Australian is centre stage, and not just because prime minister Scott Morrison is dealing with the fallout from self-inflicted diplomatic wounds. On Sunday, as the opening ceremony of the COP26 talks kick-started proceedings in Glasgow, leaders of the G20 group of countries met to discuss cooperation on a range of issues, including climate change and the ongoing response to Covid-19. But the G20 failed to reach agreement on a crucial deadline for the phase-out of fossil fuels, due to opposition from Australia, China and India, which prevented any language being included in the G20 communique that would suggest countries would commit to ending their use of coal, gas and oil altogether. The group agreed to cease international funding for coal fired generation – mirroring a commitment previously made by China during the United Nations General Assembly, in September – and will focus on the development of low emissions projects when supporting lower income countries to build their electricity grids. It is becoming clear that Australia is set to again play a major blocking role during the COP26 talks, a taste of which we’ve already seen during the G20 meeting. But in Glasgow, Morrison and energy minister Angus Taylor will be doing so with virtually no diplomatic capital to play with. Australia emerged as a major antagonist during the last round of UN climate talks, the COP25 conference held in Madrid in 2019, where Australia controversially fought for its right to use its leftover Kyoto Protocol emissions credits to meet targets under the Paris Agreement. A refusal by the Morrison government to adopt a stronger 2030 emissions reduction target – with 2030 targets being a central focus of the COP26 talks – already puts Australia out of step with the expectations of its peers. It also appears that Australia will deploy its ‘technology not taxes’ and the cringeworthy ‘the Australian way’ rhetoric on the global stage. The domestic audience already sees it as hollow messaging, the international audience is likely to view it as absurd. Read more here 26 October Renew Economy: World “way off track” as global emissions surge to new highs, WMO says. The world is “way off track” from achieving the emissions cuts needed to limit global warming to safer levels, according to the latest data from the World Meteorological Organisation. Over the last twelve months, global greenhouse gas emissions surged to a new record high, despite the impacts of the Covid-19 pandemic, and 2021 is set to continue that trend. The bleak assessment came as a new report identified Australia as both a laggard and one the world’s highest per capita emitters, with little in the way of detailed policy commitments despite the opportunities and the risks from a lack of action. On Tuesday, the World Meteorological Organisation released its latest Greenhouse Gas Bulletin – less than a week before world leaders converge on Glasgow for the next round of international climate negotiations – and the message is bleak. The global increase in atmospheric carbon dioxide concentrations was largely uninterrupted by the Covid-19 pandemic, surging to a new high of 413.2 parts per million in 2020, and the pace of increase was in line with an average annual increase of 2.4 parts per million observed over the last decade. Concentrations of other greenhouse gases, including methane and nitrous oxide, were also observed to increase to new record levels. Read more here 26 October 2021. Renew Economy: “A joke:” Morrison’s net zero plan has net zero detail, and no change to policies. The Morrison government has unveiled its “plan” for achieving net zero emissions by 2050 that includes no new policies, no changes to Australia’s 2030 target, and is predicated on unspecified technology breakthroughs and could result in Australia spend billions on international offsets. Announcing on Tuesday that the Morrison government would commit to a formal zero net emissions target for 2050 – after weeks of strained negotiations with the Nationals – prime minister Scott Morrison and federal energy minister Angus Taylor’s “plan” delivered very little detail on how that target will be achieved. A commitment to a zero net emissions target for 2050 is considered the minimum credible commitment expected from developed countries ahead of the COP26 talks in Glasgow. But Morrison and Taylor’s plan, in fact, made very clear that there would be no substantial changes to government policy, and no new legislation, explicitly saying that it was ‘based on existing policies’. The net zero target would not be enshrined in law, there would be no “mandates” to reduce emissions, and no increase to the 2030 target. The government’s plan is heavily reliant on unspecified advancements in technologies across the electricity sector, agriculture, transport and industry which may emerge in its “Technology Investment Roadmap” – to achieve a further 40 per cent reduction in Australian emissions. 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.
