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 5 November 2015, Climate News Network, ‘Dragon water’ could power the planet. The quest is on to develop new technology that can tap the intense heat deep below the Earth’s surface and supply the whole world with electricity. An ambitious project is being launched to drill deep into the Earth’s crust to harness super-heated “dragon water” that would generate massive quantities of renewable energy. Unlike traditional geo-thermal heat, which exploits hot rocks to produce steam for turbines, this project goes far deeper − to where the pressure and temperature are huge but the potential benefits are 10 times as great. There is an infinite amount of energy beneath the Earth’s crust. The problem is the technology to harness it. The European Union (EU) believes that deep drilling techniques developed by the oil industry can be adapted to extract the energy. It has earmarked €15.6 million for a project in which potentially the world’s most energy-rich geothermal well will be drilled at Larderello in Tuscany, Italy. Formidable challenge The technical challenges are formidable because of the intense heat and pressure that will turn steel brittle and wreck electrical equipment, so the plan is to develop engineering tools that can withstand the conditions. Iceland, which already exploits traditional geo-thermal energy successfully, has tried and failed to harness super-heated rock. But it has not given up, and a second attempt is being planned. The EU believes using oil company expertise in drilling deep wells will be the key to success. Read More here 5 November 2015, Carbon Brief, Q&A: What does the VW scandal mean for CO2 emissions? The Volkswagen (VW) emissions scandal spilled over into climate policy on Tuesday, after the company admitted to “irregularities” in its CO2 testing results. The firm’s share price — already down 60% after revelations it had deliberately cheated air pollution tests — fell a further 9% by Wednesday morning. However, the irregularities also have implications for CO2 emissions, as well as UK and EU climate targets. Carbon Brief investigates. What are CO2 test “irregularities”? On Tuesday, VW issued a “clarification” about the CO2 emissions testing of up to 800,000 of its vehicles in Europe. The statement says: “During the course of internal investigations irregularities were found when determining type approval CO2 levels…It was established that the CO2 levels and thus the fuel consumption figures for some models were set too low during the CO2 certification process.” Though the precise nature of these problems remains unclear, it has attracted wide media coverage. The Times notes petrol cars have become embroiled in the scandal for the first time. The BBC says the “dirty laundry” is piling up for VW. The Guardian says VW might have manipulated CO2 tests, in addition to its now-notorious “defeat device” for NOx air pollution. The New York Times says VW’s pollution problems have taken a “costly new turn”. A Guardian live-blog says costs for VW could exceed the €2bn it has set aside. Current EU regulations limit car CO2 emissions to no more than 130 grammes of CO2 per kilometre, notes Politico. This is set to fall to a fleet-wide average of 95gCO2/km in 2020. In the UK, vehicle excise duty is linked to CO2 emissions meaning some cars may have had unduly low rates, says Autocar. The Telegraph says some drivers could face higher taxes. However, this year’s budget changed the rules to decouple car tax and CO2 emissions from 2017. Read More here 4 November 2015, Renew Economy, Graph of the Day: Watch US electricity grid evolve before your eyes. We talk a lot about the changing shape of the electricity grid, but what does it look like? We first came across this rather hypnotic GIF via the Union of Concerned Scientists blog, The Equation, who borrowed it from Pat Knight at Synapse Energy Economics. It shows, in animated graph form, how the electricity mix has changed in each state of America over the past 15 years. And as UCS senior energy analyst John Rogers notes, the only constant in the “mesmerising” GIF is change. The really interesting changes come from about 2009 onwards. But Rogers sees five trends in the graph’s “undulating bars” and outlines what’s behind them: 28 October 2015, Climate Home, Australia PM Turnbull stands by coal amid moratorium calls. Recently annointed prime minister is defending mine expansion plans, to the ire of Pacific neighbours and climate campaigners. When Malcolm Turnbull ousted Tony Abbott as prime minister last month, climate watchers were hopeful he would reverse Australia’s coal-friendly stance. There was some sign of that this week, as newly appointed chief science advisor Alan Finkelenvisioned a world free of fossil fuels. Yet it has been business as usual for the country’s bullish mine expansion plans, which threaten international climate goals. That is despite 61 prominent Australians, from rugby player David Pocock to Nobel laureate Peter Doherty, backing Pacific islanders’ calls for a moratorium. Dismissing the idea, Turnbull told national journalists: “Coal is a very important part, a very large part, the largest single part in fact, of the global energy mix… and likely to remain that way for a very long time.” He variously argued that coal-fired power would reduce poverty in developing countries and that if Australia stopped exporting the black stuff, others would. “It would make not the blindest bit of difference to global emissions,” the Guardian reported him saying. Read More here 1 November 2016, Independent, Climate sceptics widen their net to claim all science – from medicine to physics to computing – is ‘in deep trouble’. Climate change deniers have long tried to cast doubt on the science behind warnings about global warming, but now Lord Lawson’s sceptic think tank has taken things a step further. For, if the Global Warming Policy Foundation (GWPF) is to be believed, not only are climatologists exaggerating the risks of burning fossil fuels, but all science is “in deep trouble” with “fraudulent research” finding its way into the most eminent, peer-reviewed journals. Medicine, physics, economics, chemistry, computer science and psychology are just a few of the subjects were this is a problem, according to a new GWPF report. Bob Ward, policy and communications director at the Grantham Research Institute on Climate Change and the Environment, a leading research centre based in London, suggested the report showed the sceptics’ frustration that their flawed theories were not being taken seriously. “This attack on the practice of peer review is another example of propaganda from the Global Warming Policy Foundation aimed at illegitimately undermining confidence in climate research,” he told The Independent. “The ideology-driven claims made by the Foundation simply would not stand up to the rigours of peer review by independent experts, which is why their inaccurate and misleading claims about the causes and potential consequences of global warming appear in pamphlets and newspapers columns instead of academic journals.” Read More here 27 October 2016, Climate Home, Whiffs of sulphur: UN shipping talks face climate dilemma. Historic pact to cut sulphur emissions from shipping sector hailed by green groups, but slow progress suggests a climate deal is a long way off. Whisper it, but the shipping industry is showing signs of tackling its environmental footprint. This week at International Maritime Organisation (IMO) talks in London around 170 countries agreed to tighten limits on toxic sulphur emissions from ships. The decision means the sulphur content of maritime fuels has to be cut from a current maximum of 3.5% to 0.5% in 2020, and could prevent 200,000 premature deaths, say experts. It’s a significant step and one that the likes of WWF, Friends of the Earth and Brussels-based NGO Transport and Environment have been pushing for in the past few years. “This is a landmark decision and we are very pleased that the world has bitten the bullet and is now tackling poisonous sulphuric fuel,” said Bill Hemmings, T&E shipping director. Still, the battle to get this deal has been immense, and raises questions over the capability of the IMO to deliver a similar agreement on climate change, its next major task. The sulphur fight has lasted a decade. Only now, with the European Union pushing hard for tougher global regulations and China implementing its own standards has a pact seemed likely. Read More here 22 October 2016, The Economist, Let the haggling begin – With the announcement of a national carbon price, Justin Trudeau opens a new phase of his government. “THIS is betrayal,” thundered Saskatchewan’s long-serving premier, Brad Wall. His grievance: the decision this month by Canada’s prime minister, Justin Trudeau, to set a minimum price for carbon emissions that all provinces would have to adhere to. Since taking office nearly a year ago, Mr Trudeau and his ministers have spent much of their time consulting the provinces (and ordinary Canadians) on such issues as judicial reform and defence. His carbon-price announcement marks a transition from talking to acting, and a new contentious phase in relations between the federal government and the ten provinces. Canada’s grand political bazaar, in which the prime minister and the premiers strike the bargains that determine how the country will be governed, is again open for business. Despite Mr Wall’s profession of shock, the carbon-price policy is no surprise. Mr Trudeau has made it plain that, unlike his Conservative predecessor, Stephen Harper, he takes the threat of climate change seriously. One of his first acts in office was to agree last December to sign the Paris climate accord, under which Canada is to reduce its emissions of greenhouse gases by 30% below the levels of 2005 (see chart). The deadline is 2030. Although Canada emits just 2% of the world’s greenhouse gases, it is one of the world’s biggest emitters per person. Without carbon pricing, it will not keep its climate promises. Read More here 20 October 2016, Climate Home, Netherlands accounting fudge reduces 2020 carbon cuts. The Dutch government could avoid setting tough new climate policies thanks to carbon accounting changes. Ordered by a court to cut greenhouse gas emissions 25% from 1990 levels by 2020, the authorities were under pressure to close new coal power plants. In a convenient twist for reluctant ministers, the latest national energy outlook shows that target is much closer than previously thought. The official emissions forecast for 2020 is now a 23% cut, up from 17% a year ago. Economics minister Henk Kamp claimed in a statement this showed the success of a 2013 energy agreement, which predates the landmark court ruling. An official response to the Urgenda case is due out in late November. Green groups maintain that stronger action is needed to meet the spirit of the court judgment – and ambition of the UN climate deal struck in Paris. The new numbers owe more to methodological tweaks than carbon-cutting initiatives, lead analyst Michael Hekkenberg explained on the Energy Research Centre of the Netherlands website. Under the latest Intergovernmental Panel on Climate Change guidelines on methane’s global warming potential, the 1990 baseline emissions have been revised up. “This revision is obviously not good news for the climate,” Hekkenberg stressed. Meanwhile, the forecast 2020 emissions have been revised down, but largely due to shifting assumptions about renewable power imports and declining energy demand. Read more here 22 January 2020, The Conversation, Scientists hate to say ‘I told you so’. But Australia, you were warned. Those who say “I told you so” are rarely welcomed, yet I am going to say it here. Australian scientists warned the country could face a climate change-driven bushfire crisis by 2020. It arrived on schedule. For several decades, the world’s scientific community has periodically assessed climate science, including the risks of a rapidly changing climate. Australian scientists have made, and continue to make, significant contributions to this global effort. I am an Earth System scientist, and for 30 years have studied how humans are changing the way our planet functions. Scientists have, clearly and respectfully, warned about the risks to Australia of a rapidly heating climate – more extreme heat, changes to rainfall patterns, rising seas, increased coastal flooding and more dangerous bushfire conditions. We have also warned about the consequences of these changes for our health and well-being, our society and economy, our natural ecosystems and our unique wildlife. Today, I will join Dr Tom Beer and Professor David Bowman to warn that Australia’s bushfire conditions will become more severe. We call on Australians, particularly our leaders, to heed the science. Read more here 20 January 2020, The Guardian, Climate refugees can’t be returned home, says landmark UN human rights ruling. Experts say judgment is ‘tipping point’ that opens the door to climate crisis claims for protection. It is unlawful for governments to return people to countries where their lives might be threatened by the climate crisis, a landmark ruling by the United Nations human rights committee has found. The judgment – which is the first of its kind – represents a legal “tipping point” and a moment that “opens the doorway” to future protection claims for people whose lives and wellbeing have been threatened due to global heating, experts say. Tens of millions of people are expected to be displaced by global heating in the next decade. The judgment relates to the case of Ioane Teitiota, a man from the Pacific nation of Kiribati, which is considered one of the countries most threatened by rising sea levels. He applied for protection in New Zealand in 2013, claiming his and his family’s lives were at risk. The committee heard evidence of overcrowding on the island of South Tarawa, where Teitiota lived, saying that the population there had increased from 1,641 in 1947 to 50,000 in 2010 due to sea level rising leading to other islands becoming uninhabitable, which had led to violence and social tensions. Read more here 17 January 2020, The Conversation, Take care when examining the economic impact of fires. GDP doesn’t tell the full story. Estimates of the economic damage caused by the bushfires are rolling in, some of them big and some unprecedented, as is the scale of the fires themselves. These types of estimates will be refined and used to make – or break – the case for programs to limit the impact of similar disasters in the future. Some will be used to make a case for – or against – action on climate change. But it’s important they not be done using the conventional measure of gross domestic product (GDP). GDP measures everything produced in any given period. It is a good enough measure of material welfare when used to measure the impact of a tourist event or a new mine or factory or something like the national broadband network, but it can be misleading – sometimes grossly misleading – when used to measure the economic impact of a catastrophe or natural disaster. Read more here 15 January 2020, The Guardian, Climate crisis fills top five places of World Economic Forum’s risks report. For first time, environment is at top of list of issues worrying world’s elite. A year of extreme weather events and mounting evidence of global heating have catapulted the climate emergency to the top of the list of issues worrying the world’s elite. The World Economic Forum’s annual risks report found that, for the first time in its 15-year history, the environment filled the top five places in the list of concerns likely to have a major impact over the next decade. Børge Brende, the president of the World Economic Forum, said: “The political landscape is polarised, sea levels are rising and climate fires are burning. This is the year when world leaders must work with all sectors of society to repair and reinvigorate our systems of cooperation, not just for short-term benefit but for tackling our deep-rooted risks.” After a month in which bushfires have raged out of control in Australia, Brende said there was a need for urgent action. “We have only a very small window and if we don’t use that window in the next 10 years we will be moving around the deckchairs on the Titanic.” The WEF report said the retreat from the multilateral approach that helped cope with the 2008 financial crisis made it more difficult to tackle shared global risks. 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.
