World needs 1.7 Earths to continue as it is. If everyone lived like Australians, we’d need 5.2 Earths.
carbon budget
3 reasons why fossil fuel companies should disclose their reserves
Not a single fossil fuel company in the world discloses potential emissions from their reserves – and that is a big problem.
Has NAB closed the door to future fossil fuel lending?
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 will sanction further delay and slow pace of action
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.
Carbon budgets: Knowing when to hold and when to fold
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.
Graph of the Day: Carmichael coal mine to take big chunk of carbon budget
New report offers a whole lot of context for the huge climate threat posed by the federal government approved Carmichael coal mine.
Fossil fuel giants still betting trillions on nothing changing
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.
Fossil fuel divestment booming, with $2.6trn in assets set to be dumped
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.
Mining industry launches “ludicrous” coal ad as Alan Jones takes aim
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.
Citigroup sees $100 trillion of stranded assets if Paris succeeds
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.
