Not a single fossil fuel company in the world discloses potential emissions from their reserves – and that is a big problem.
Tag: "carbon budget"
National Australia Bank updates tally of “financed emissions” from power generation assets, while firming its commitment to a global carbon budget that limits global warming to less than 2°C. But what does this mean for future fossil fuel lending?
CCA report on government’s emissions targets ignores the carbon budget, is politically expedient, and brushes aside concern about current measures. Worst, it ignores the science.
As global leaders sit around the negotiating table at the Paris climate talks, discussion will quickly turn to the carbon budget and how to spend it.
New report offers a whole lot of context for the huge climate threat posed by the federal government approved Carmichael coal mine.
New report says fossil fuel industry is betting on business-as-usual demand for coal, oil and gas, despite the emergence of new technologies, and the individual country commitments to the Paris climate change talks.
New analysis shows 50-fold growth in fossil fuel divestment, with an estimated $2.6trn in assets earmarked by 430 institutions and 2,040 individuals.
Ad wars: Mining lobby talks up “endless possibilities” of coal, including ability to “slash” emissions, while Alan Jones launches keep out campaign of his own.
If you hear a lot of noise about climate policies and climate action over the next few months in the lead up to the Paris climate conference, it is because there is a lot at stake. According to Citigroup analysts: $US100 trillion of potential stranded assets in the fossil fuel industry.
While the Coalition maintains that ambitious targets for renewables and emissions reduction would be economically catastrophic for Australia, a new report from Citigroup has come to exactly the opposite conclusion: strong climate action could save governments around $1.8 trillion by 2040, while inaction could cost as much as $44 trillion by 2060.
If you look at the carbon tax as an experiment, there are four main conclusions you can draw from its results, 12 months after the price was removed.