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 28 September 2015, The Guardian, Shell abandons Alaska Arctic drilling. Oil giant’s US president says hugely controversial drilling operations off Alaska will stop for ‘foreseeable future’ as drilling finds little oil and gas. Shell has abandoned its controversial drilling operations in the Alaskan Arctic in the face of mounting opposition. Its decision, which has been welcomed by environmental campaigners, follows disappointing results from an exploratory well drilled 80 miles off Alaska’s north-west coast. Shell said it had found oil and gas but not in sufficient quantities. The move is a major climbdown for the Anglo-Dutch group which had talked up the prospects of oil and gas in the region. Shell has spent about $7bn (£4.6bn) onArctic offshore development in the hope there would be deposits worth pursuing, but now says operations are being ended for the “foreseeable future.” Shell is expected to take a hit of around $4.1bn as a result of the decision. The company has come under increasing pressure from shareholders worried about the plunging share price and the costs of what has so far been a futile search in the Chukchi Sea. Shell has also privately made clear it is taken aback by the public protests against the drilling which are threatening to seriously damage its reputation. Ben van Beurden, the chief executive, is also said to be worried that the Arctic is undermining his attempts to influence the debate around climate change. His attempts to argue that a Shell strategy of building up gas as a “transitional” fuel to pave the way to a lower carbon future has met with scepticism, partly because of the Arctic operations. Read More here 28 September 2015, Renew Economy, Coalition dumps chief climate denier Newman, Hunt still hamstrung. In one of the surest signs yet that the Malcolm Turnbull-led Coalition is making a departure from the climate denying, anti-renewable energy thinking that has guided the party’s policy-making from the top down, Maurice Newman will not be reappointed as chairman of the prime minister’s business advisory council. Newman, a far-right conservative and outspoken denier of climate change, was appointed to the role by Tony Abbott in one of his first acts after becoming Prime Minister in 2013, and has been a key influence on Abbott’s policy direction since then. His controversial views on climate change – essentially that it is not happening, and ratherit’s global cooling we should be worried about – have been given a regular airing in a weekly column Newman writes for The Australian. Newman was also behind the push to investigate whether the Bureau of Meteorology was exaggerating temperature data records as part of what he saw as a broader climate change conspiracy. A push that, according to recent evidence revealed by the ABC, was knocked on the head by environment minister Greg Hunt. And so, Turnbull’s decision not to reappoint Newman now that his chairmanship has expired – one of the eight things we recently suggested the new PM could do to show support for renewable energy and climate change – is good news, not least for Hunt, who is now overseeing these departments in a so-called environment “mega-office”. Read More here 22 September 2015, Post Carbon Institute, A long-term abundance of oil & natural gas, but what if the boom is just a bubble? Tight oil reality check. Much of the cost-benefit debate over fracking has come down to the perception of just how much domestic oil and gas it can produce and at what cost. To answer this question, policymakers, the media, and the general public have typically turned to the U.S. Department of Energy’sEnergy Information Administration (EIA), which every year publishes its Annual Energy Outlook (AEO). In Drilling Deeper, PCI Fellow David Hughes took a hard look at the EIA’s AEO2014 and found that its projections for future production and prices suffered from a worrisome level of optimism. Recently, the EIA released its Annual Energy Outlook 2015 and so we asked David Hughes to see how the EIA’s projections and assumptions have changed over the last year, and to assess the AEO2015 against both Drilling Deeper and up-to-date production data from key shale gas and tight oil plays. In July 2015, Post Carbon Institute published Shale Gas Reality Check, which found that in 2015 the EIA is more optimistic than ever about the prospects for shale gas, despite substantive reasons for caution. This month we turn our eyes to the EIA’s latest projections for tight oil. KEY CONCLUSIONS: 18 September 2015, The Guardian, Is new Australian prime minister Malcolm Turnbull already a climate change turncoat? Malcolm Turnbull once endorsed common sense positions on climate change. Then he became prime minister. During the first few days of being prime minister, Malcolm Turnbull seems to be doing his best to argue about climate change with a former version of himself. I know I might have already given the game away here, but who do you think said this only five years ago? “We are as humans conducting a massive science experiment with this planet. It’s the only planet we’ve got…. We know that the consequences of unchecked global warming would be catastrophic. We know that extreme weather events are occurring with greater and greater frequency and while it is never possible to point to one drought or one storm or one flood and say that particular incident is caused by global warming, we know that these trends are entirely consistent with the climate change forecasts with the climate models that the scientists are relying on…. We as a human species have a deep and abiding obligation to this planet and to the generations that will come after us.” Stirring stuff eh? That was Turnbull in August 2010, speaking at the launch of a report demonstrating the technical feasibility of moving Australia to a 100% renewable energy nation. During his first question time as PM earlier this week, Turnbull was asked if he would join Labor in its aspiration (and that’s about the extent of Labor’s policy on this right now) that Australia should be generating 50% of its electricity from renewables by 2030. Turnbull’s response? “[Opposition leader Bill Shorten] is highlighting one of the most reckless proposals the Labor party has made. Fancy proposing, without any idea of the cost of the abatement, the cost of proposing that 50% of energy had to come from renewables! What if that reduction in emissions you needed could come more cost-effectively from carbon storage, by planting trees, by soil carbon, by using gas, by using clean coal, by energy efficiency?” What did the Turnbull of 2010 make of a plan to move away from fossil fuels that was twice as ambitious as Labor’s, that actually explained how it could be done and that proposed doing it faster? Read More here 5 October 2016, The Conversation, Lessons from South Australia’s blackout: we need to make infrastructure more resilient to climate change. Last week’s storm and subsequent state-wide blackout in South Australia reminds us how important the electricity grid – and other infrastructure – is for our communities. Immediate analysis suggests the blackout was caused by the collapse of transmission infrastructure in South Australia. Australian electricity networks, like most transmission networks worldwide, rely on above-ground conducting wires held aloft by large towers. Some of these towers were blown over in the South Australian event. While the storm hasn’t yet been specifically linked to climate change, it also serves as a reminder of the increasing challenges of delivering essential services in a more variable climate and slowing economy. Power, water, transport, health, defence and communications infrastructure can be exposed to climate variability and change simply because of their long lifetimes. Therefore, many if not most owners and operators of essential infrastructure have commissioned climate vulnerability and adaptation studies. There are many good examples of adaptation. For instance, Queensland Urban Utilities, the major water distributor and retailer in south-east Queensland, is implementing a large program to make the water and wastewater delivery network more resilient to flooding. But there is increasing recognition among climate adaptation researchers that many of the recommendations from climate adaptation studies aren’t being adopted. This is sometimes referred to as the “plan and forget” approach to climate adaptation and it leaves critical infrastructure vulnerable to weather extremes. Read More here 5 October 2016, The Guardian, SA blackout due to ‘transmission system faults’ in extreme weather, report finds. Energy economist says preliminary report makes clear South Australian event was ‘a transmission failure, not a generation failure’. The Australian Energy Market Operator has pointed to South Australia’s extreme weather last week as the prime cause of “multiple transmission system faults”resulting in a statewide blackout. In a preliminary report the regulator cites severe weather as the factor triggering the transmission system failures “including, in the space of 12 seconds, the loss of three major 275kV transmission lines north of Adelaide.” In addition to the transmission lines, Aemo notes in the late afternoon, after “multiple faults in a short period”, 315mW of wind generation disconnected, which affected the region north of Adelaide. It says that uncontrolled diminution in power generation “increased the flow on the main Victorian interconnector [Heywood] to make up the deficit, and resulted in the interconnector overloading”. The overload of the Heywood interconnector tripped the system, which caused the blackout. Read more here 4 October 2016, The Conversation, South Australian blackout: renewables aren’t a threat to energy security, they’re the future. In the wake of South Australia’s wild weather and state-wide blackout, both Prime Minister Malcolm Turnbull and Energy Minister Josh Frydenberg have emphasised the importance of energy security. Turnbull stated that the blackout was a wake-up call, suggesting that reliance on renewables places very different strains and pressures on a grid than traditional coal-fired power. The assumption that these politicians and others are working off is that South Australia’s wind industry has reduced the state’s energy security. But do these politicians really know what energy security means in a modern energy landscape? The baseload question. Baseload power is an economic term that refers to power sources that consistently generate electrical power, therefore meeting minimum demand. The minimum demand for electrical power from an electrical grid is referred to as the baseload requirement. The underlying assumption is that the only way of supplying baseload electricity demand is by means of power stations, such as those fired by coal, that operate at full power all day and night. This is a widely held belief in Australia. A former Australian industry minister, Ian Macfarlane, claimed at a uranium industry conference that the only serious alternative way that baseload power can be produced is by hydro and nuclear. But this is not entirely true. In 2014 South Australia got 39% of its electricity from renewable energy (33% wind plus 6% solar). Consequently, the state’s coal-fired power stations have become redundant. Read More here 29 September 2016, The Conversation, Putting carbon back in the land is just a smokescreen for real climate action: Climate Council report. Just as people pump greenhouse gases into the atmosphere by burning fossil fuels, the land also absorbs some of those emissions. Plants, as they grow, use carbon dioxide and store it within their bodies. However, as the Climate Council’s latest report shows, Australia’s fossil fuels (including those burned overseas) are pumping 6.5 times as much carbon into the atmosphere as the land can absorb. This means that, while storing carbon on land is useful for combating climate change, it is no replacement for reducing fossil fuel emissions. Land carbon is the biggest source of emission reductions in Australia’s climate policy centrepiece – the Emissions Reduction Fund. This is smoke and mirrors: a distraction from the real challenge of cutting fossil fuel emissions.Land carbon Land carbon is part of the active carbon cycle at the Earth’s surface. Carbon is continually exchanging between the land, ocean and atmosphere, primarily as carbon dioxide. In contrast, carbon in fossil fuels has been locked away from the active carbon cycle for millions of years. Carbon stored on land is vulnerable to being returned to the atmosphere. Natural disturbances such as bushfires, droughts, insect attacks and heatwaves, many of which are being made worse by climate change, can trigger the release of significant amounts of land carbon back to the atmosphere. Changes in land management, as we’ve seen in Queensland, for example, with the relaxation of land-clearing laws by the previous state government, can also affect the capability of land systems to store carbon. Burning fossil fuels and releasing CO₂ to the atmosphere thus introduces new and additional carbon into the land-atmosphere-ocean cycle. It does not simply redistribute existing carbon in the cycle. Read More here 6 January 2020, The Conversation, Disaster recovery from Australia’s fires will be a marathon, not a sprint. After reporting on the deadly 2011 Queensland flash flood disaster, I spent a year documenting accounts of heroic rescues, tragic deaths and extraordinary survival. Five years later, I returned for a follow-up study. I found some survivors had recovered, but many were far worse off. This research suggests there is a long road ahead for survivors of the current bushfire crisis. However, there are key lessons to be learned. At the time of the 2011 Queensland flood crisis, the Australian Defence Force arrived to help. Community spirit was high. Australia and the world donated very generously. But after the first few weeks, initial assistance gave way to often intractable difficulties with housing, insurance claims, job losses and chronic physical and mental health conditions. Blanket media coverage of the crisis soon dwindled. And for many people, there simply was no return to “normal” life. Read more here 5 January 2020, The Conversation, As bushfire and holiday seasons converge, it may be time to say goodbye to the typical Australian summer holiday. For 40 years I have studied bushfires in Australia. It has been my life’s work to try to better understand Australian landscapes and the interaction of humans and landscape fire. As we contemplate a future where catastrophes like the one currently engulfing Australia become increasingly frequent, there’s an idea to which I keep returning: maybe it’s time to say goodbye to the typical summer Australian holiday. Perhaps it’s time to rearrange Australian calendar and reschedule the peak holiday period to March or April, instead of December and January. It’s easy to dismiss this idea as stupid but that’s the nature of adaptation. Things that once seemed absurd will now need serious consideration. What’s truly absurd is the business-as-usual approach that sees thousands of holidaymakers heading directly into forests and national parks right in the middle of peak bushfire season. Read more here 4 January 2020, ABC News: Bushfire response to be boosted by deployment of 3,000 ADF reservists, Prime Minister announces. Three thousand Australian Defence Force reservists will be deployed to help with the bushfire recovery, Prime Minister Scott Morrison has announced. The Prime Minister also announced Chinook helicopters from Townsville and other military aircraft would assist, as well as the opening of defence force bases from Adelaide to Brisbane for emergency short-term accommodation. The Navy’s largest amphibious ship, HMAS Adelaide, will sail from Sydney this afternoon to sit off the coast should it be required to help with evacuations. “They will sail this afternoon, they will be located offshore from the fire-affected areas from tomorrow afternoon,” Mr Morrison said. “The Adelaide is fully equipped for disaster relief and humanitarian aid, is able to operate helicopters, 400 crew including medical staff, as well as 300 tonnes [of emergency relief supplies] which have been loaded up in recent days.” Read more here 4 January 2020, The New York Times, Comment: Australia Is Committing Climate Suicide. BRUNY ISLAND, Tasmania — Australia today is ground zero for the climate catastrophe. Its glorious Great Barrier Reef is dying, its world-heritage rain forests are burning, its giant kelp forests have largely vanished, numerous towns have run out of water or are about to, and now the vast continent is burning on a scale never before seen. The images of the fires are a cross between “Mad Max” and “On the Beach”: thousands driven onto beaches in a dull orange haze, crowded tableaux of people and animals almost medieval in their strange muteness — half-Bruegel, half-Bosch, ringed by fire, survivors’ faces hidden behind masks and swimming goggles. Day turns to night as smoke extinguishes all light in the horrifying minutes before the red glow announces the imminence of the inferno. Flames leaping 200 feet into the air. Fire tornadoes. Terrified children at the helm of dinghies, piloting away from the flames, refugees in their own country. The fires have already burned about 14.5 million acres — an area almost as large as West Virginia, more than triple the area destroyed by the 2018 fires in California and six times the size of the 2019 fires in Amazonia. Canberra’s air on New Year’s Day was the most polluted in the world partly because of a plume of fire smoke as wide as Europe. Scientists estimate that close to half a billion native animals have been killed and fear that some species of animals and plants may have been wiped out completely. Surviving animals are abandoning their young in what is described as mass “starvation events.” At least 18 people are dead and grave fears are held about many more. 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.
