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 11 September 2015, The Conversation, Ignored by the government, shrunk by resignations – where now for Australia’s Climate Change Authority? Bernie Fraser’s resignation as chairman of Australia’s Climate Change Authority has left many wondering what is left of it and what its future might be. Established three years ago as part of the climate change package negotiated by the previous parliament’s Multi-Party Climate Change Committee, the Authority was formed to serve as the principal source of climate policy advice to the federal government, particularly on the issue of emissions targets. Championed by the then Greens deputy leader Christine Milne, it was modelled closely on Britain’s Committee on Climate Change. The Authority is legislated to have nine part-time members, including the Chief Scientist ex officio. When the Abbott government was elected two years ago it expressed its intention to abolish the Authority along with the rest of the Labor government’s climate policy architecture. Unlike the former Climate Commission, which had a public education role (and since losing government backing has morphed into the independent Climate Council), the Authority was established by legislation as a statutory authority. The government could not obtain sufficient support in the Senate to abolish the Authority. In particular, Palmer United Party leader Clive Palmer struck a deal with the government in which he would support thecarbon tax repeal but not the abolition of the Climate Change Authority. With the Authority saved, Palmer said he wanted the government to instruct it to assess whether Australia should have an emissions trading system at some time in the future, and what conditions should trigger its introduction, taking special note of the policies of Australia’s major trading partners. The government agreed to Palmer’s request to extend funding for the Authority. Continued funding was essential in order to sustain the Authority’s secretariat, based in Melbourne, which at its peak reached around 35 but now stands at around 25. On its formation the Authority attracted some of the best and brightest to work for it. Read More here 9 September 2015, Energy Post, The Urgenda judgment: a “victory” for the climate that is likely to backfire. The Dutch government has decided to appeal the widely publicised “Urgenda” ruling from the district court in The Hague, ordering the Netherlands to step up its climate change actions. According to Lucas Bergkamp, Partner at Hunton & Williams and Emeritus Professor of International Environmental Liability Law at Erasmus University Rotterdam, there are good reasons why we should hope that the court of appeals will overturn the ruling. According to Bergkamp, it sets a dangerous precedent for judicial activism, is inconsistent with European law and will even undermine international climate negotiations. Read More here 3 September 2015, Renew Economy, Graph of the Day: Big carbon cuts will not pull down economy. Australia Prime Minister Tony Abbott insists that the world should protect its one and only planet, but not at the cost of economic growth. Apart from the question of what sort of economic growth could be achieved in a degraded environment – think of the impacts on crops and agriculture, water scarcity, infrastructure and storm damage – here is some good news: setting ambitious targets to cut carbon emissions does not need to impact economic growth. How do we know this? Because the Abbott government’s own modelling tells us so. They commissioned economist Professor Warwick McKibbin to model the impact on various levels of emission reductions out to 2030. The blue bars on the left show us the various modelling of economic growth assuming no emission reductions. The dark bars show the impact with a 26 per cent target by 2030, and a 45 per cent target. Read More here August 2015, The Australia Institute, Key administration statistics – 3rd Party Appeals and the EPBC Act. Details from a forthcoming Australia Institute Report Key 3rd party litigation statistics. Read More here 30 July 2018, Nature, Droughts, heatwaves and floods: How to tell when climate change is to blame. Weather forecasters will soon provide instant assessments of global warming’s influence on extreme events. he Northern Hemisphere is sweating through another unusually hot summer. Japan has declared its record temperatures a natural disaster. Europe is baking under prolonged heat, with destructive wildfires in Greece and, unusually, the Arctic. And drought-fuelled wildfires are spreading in the western United States. For Friederike Otto, a climate modeller at the University of Oxford, UK, the past week has been a frenzy, as journalists clamoured for her views on climate change’s role in the summer heat. “It’s been mad,” she says. The usual scientific response is that severe heatwaves will become more frequent because of global warming. But Otto and her colleagues wanted to answer a more particular question: how had climate change influenced this specific heatwave? After three days’ work with computer models, they announced on 27 July that their preliminary analysis for northern Europe suggests that climate change made the heatwave more than twice as likely to occur in many places.“With these studies … we are able to quantify the effect of climate change, in a specific location at a specific time of year.” Soon, journalists might be able to get this kind of quick-fire analysis routinely from weather agencies, rather than on an ad hoc basis from academics. With Otto’s help, Germany’s national weather agency is preparing to be the first in the world to offer rapid assessments of global warming’s connection to particular meteorological events. By 2019 or 2020, the agency hopes to post its findings on social media almost instantly, with full public reports following one or two weeks after an event. “We want to quantify the influence of climate change on any atmospheric conditions that might bring extreme weather to Germany or central Europe,” says Paul Becker, vice-president of the weather agency, which is based in Offenbach. “The science is ripe to start doing it”. Read more here 18 July 2018, The Guardian, Wildfires rage in Arctic Circle as Sweden calls for help. Sweden worst hit as hot, dry summer sparks unusual number of fires, with at least 11 in the far north. At least 11 wildfires are raging inside the Arctic Circle as the hot, dry summer turns an abnormally wide area of Europe into a tinderbox. The worst affected country, Sweden, has called for emergency assistance from its partners in the European Union to help fight the blazes, which have broken out across a wide range of its territory and prompted the evacuations of four communities. Tens of thousands of people have been warned to remain inside and close windows and vents to avoid smoke inhalation. Rail services have been disrupted. The Copernicus Earth observation programme, which gives daily updates of fires in Europe, shows more than 60 fires burning across Sweden, with sites also ablaze in Norway, Finland and Russia, including in the Arctic Circle. Norway has sent six fire-fighting helicopters in response to its neighbour’s request for assistance. Italy is sendingtwo Canadair CL-415s – which can dump 6,000 litres of water on each run – to Örebro in central southern Sweden.In western Sweden, fire-fighting operations were temporarily halted near an artillery training range near Älvdalen forest due to concerns that unexploded ordnance might be detonated by the extreme heat. Residents in Uppsala said they could see the plumes of smoke and have been banned from barbecuing in national parks, after 18 consecutive days without rain. “This is definitely the worst year in recent times for forest fires. Whilst we get them every year, 2018 is shaping up to be excessive,” said Mike Peacock, a university researcher and local resident. Read more here 16 July 2018, Renew Economy, A gas cartel run amok. NEW SOUTH WALES, Australia — “Australia may soon be importing gas.” What a bizarre, implausible statement. Australia is the second largest exporter of gas in the world. Why would we ever import gas? Our very own Department of Industry, Innovation and Science ranked Australia’s market share at 20 per cent of world gas exports in 2017. Sadly, however, it is true. Despite our enormous reserves of gas, there are now four gas import terminal projects on the go; four facilities being developed to import gas into Australia. All are backed by major gas market players, either locally or globally. Although Australia may soon surpass Qatar as the world’s largest exporter of LNG, we have failed to provide gas at a reasonable price for our own people. The market, with the exception of Western Australia, is starved of gas, so domestic prices are among the highest of any country in the world. As the government won’t intervene to establish a “domestic reservation policy,” the very policy which keeps WA gas prices far more affordable than the eastern states, the gas giants are building import facilities, facilities which will allow them to further profiteer as gas prices continue to rise. To the four import terminals: there is a terminal proposed for Port Kembla in NSW. This one is backed by Andrew “Twiggy” Forrest, JERA and Marubeni. There is another at Cribb Point in Victoria being built by AGL, another still in Victoria for ExxonMobil, and Mitsubishi’s Pelican Point project in South Australia. All of these major corporations – and one entrepreneur in Andrew Forrest – agree on one thing, they can make money by importing LNG into Australia because the prices paid by Australian consumers are so high. Read More here 5 July 2018, The Conversation, Ecosystems across Australia are collapsing under climate change. To the chagrin of the tourist industry, the Great Barrier Reef has become a notorious victim of climate change. But it is not the only Australian ecosystem on the brink of collapse. Our research, recently published in Nature Climate Change, describes a series of sudden and catastrophic ecosystem shifts that have occurred recently across Australia. These changes, caused by the combined stress of gradual climate change and extreme weather events, are overwhelming ecosystems’ natural resilience. Variable climate Australia is one of the most climatically variable places in the world. It is filled with ecosystems adapted to this variability, whether that means living in scorching heat, bitter cold or a climate that cycles between the two. Despite land clearing, mining and other activities that transform the natural landscape, Australia retains large tracts of near-pristine natural systems. Many of these regions are iconic, sustaining tourism and outdoor activities and providing valuable ecological services – particularly fisheries and water resources. Yet even here, the combined stress of gradual climate change and extreme weather events is causing environmental changes. These changes are often abrupt and potentially irreversible. 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.
