It might seem ironic, but environmentalists and farmers fighting the expansion of coal mining and coal seam gas across Australia are the only thing likely to moderate the rude economic awakening we face when the global carbon bubble bursts and the fossil fuel industries start their inevitable, terminal decline.
The latest Cedex report finds the total amount of electricity supplied by Australia’s coal-fired generators at its lowest level in the history of the NEM. But while the report links the introduction of the carbon price to falling emissions and rising renewables output, the reduced demand for coal looks more like the new normal.
Australia’s huge coal industry is resting on a speculative bubble that ignores global carbon budgets and exposure to rapid devaluation
A new report released by Deutsche Bank says the global coal market faces a combined threat of steadily growing supply and a levelling-off or decline in demand. A threat, it says, that should guide rational decision-making to delay all major expansion. But will governments really act rationally?
Indian National Green Tribunal revokes clearance for 1050MW coal plant, describes original approval as ‘smacking of non-application of mind.’
The cost of legacy coal assets may appear cheap, but the community pays the true cost in many other ways, most of all in health.
Report says US President likely to continue his climate push – particularly in curbing power plant emissions – in his State Of The Union address next week.
There are several reasons why this argument just doesn’t work. No 1: Solar’s average energy output per square meter exceeds that of coal power plants.
Reports debunk myth that Germany is starting up a record amount of coal power plants to deal with the country’s nuclear phaseout.
Victoria’s coal-fired Hazelwood power plant produces less electricity per square metre than the state’s wind farms – another wind myth busted.
Global mining giant’s coal chief talks climate risk, extreme weather, the absolute ceiling on GHG emissions and thermal coal’s inevitable decline.
While paying lip service to global warming, the powers that be circumvent the scientific message, allowing and promoting CO2 emissions from fossil fuels.
The mobility of people and goods worldwide remains 98% dependent on cheap oil. But the supply is running out, and the environmental impact is unacceptable.
A wonderful slow motion video of some coal-fired power plant cooling towers getting blown up. Sign of the times?
The EU coal industry’s rhetoric about increasing coal use and imports doesn’t match the reality: that coal’s future in Europe is bleak.
New analysis shows rich countries spent $58bn on fossil fuel subsidies in 2011 – roughly five times the spend on climate aid in developing countries.
India’s grandiose plans to build a coal fleet nearly twice the size of America’s are built on nothing but vapor. And here’s why…
‘Big four’ banks biggest backers of fossil fuel expansion: report
Report names Australia’s ‘big four’ banks as heaviest lenders to coal and gas expansion in Barrier Reef area, sparks calls for customer boycott.