Showing posts with label fossil fuels. Show all posts
Showing posts with label fossil fuels. Show all posts

Monday 29 March 2021

Commonwealth, Westpac, ANZ & NAB banks spending billions financing the fossil fuel industry

 

The Rainforest Action Network supported by a great many non-government agencies has created an interactive website packed with data and published a report titled BANKING ON CLIMATE CHAOS 2021.


Here are just four excerpts from this report:


  • In the 5 years since the Paris Agreement, the world’s 60 biggest banks have financed fossil fuels to the tune of $3.8 trillion. Runaway funding for fossil fuel extraction and infrastructure fuels climate chaos and threatens the lives and livelihoods of millions.


  • These banks poured a total of $3.8 trillion into fossil fuels from 2016–2020. Fossil fuel financing dropped 9% last year, parallel to the global drop in fossil fuel demand and production due to the COVID-19 pandemic. And yet 2020 levels remained higher than in 2016, the year immediately following the adoption of the Paris Agreement. The overall fossil fuel financing trend of the last five years is still heading definitively in the wrong direction, reinforcing the need for banks to establish policies that lock in the fossil fuel financing declines of 2020, lest they snap back to business-as-usual in 2021


  • JPMorgan Chase remains the world’s worst banker of fossil fuels over this time period, though its funding did drop significantly last year. Citi follows as the second-worst fossil bank, followed by Wells Fargo, Bank of America, RBC, and MUFG. Barclays is the worst in Europe and Bank of China is the worst in China.


  • ...the current wave of bank commitments to reduce their financed emissions to “net zero by 2050,” as well as related policies like measuring and disclosing financed emissions, and emphasizes that no bank making a climate commitment for 2050 should be taken seriously unless it also acts on fossil fuels in 2021. Moreover, until the banks prove otherwise, the “net” in “net zero” leaves room for emissions targets that fall short of what the science demands, based on copious offsetting or absurd assumptions about future carbon-capture schemes, as well as the rights violations and fraud that often come hand in hand with offsetting and carbon markets.


According to the report, between 2016 and 2020 the Commonwealth Bank of Australia and the National Australia Bank (NAB) committed $6.24 billion and $4.43 billion respectively to the total global financing of the fossil fuel industry. While the ANZ Bank contributed a hefty total of $15.22 billion and Westpac $6.5 billion.


All four banks financed fossil fuel expansion by the top 100 fossil fuel companies, as well as financing fuel production based on tar sands and LNG.


The Commonwealth Bank, ANZ and Westpac financed ventures in the Arctic and offshore areas.


ANZ also financed production companies involved in fracking.


All four banks financed coal mining and coal power companies over the same five year period.


The four banks were given dismal  policy scores out of 200 points, ranging from 13.5 (Westpac), 14 (NAB), 18 (CBA) to 22.5 (ANZ).


Australia’s Prime Minister Scott Morrison, along with 39 other heads of government, will be attending a U.S. Leaders Summit on Climate on April 22 and 23, which will be live streamed for public viewing.


Given his lack of enthusiasm for any “zero emissions” target and his government's paucity of effective climate change mitigation policies, it is highly likely that at this summit Morrison – rather than representing the nation – will be representing the commercial interests of these banks, along with those of the fossil fuel mining & production sectors .


Thursday 4 February 2021

Morrison Government determined to turn Clean Energy Finance Corporation into a slush fund for the benefit of its fossil fuel industry mates?


The Clean Energy Finance Corporation (CEFC) was established in 2012 to facilitate increased flows of finance into the clean energy sector.


It has been provided with access to $10 billion in capital and

invests directly and indirectly, in clean energy technologies.


These clean energy technologies include: energy efficiency technologies; low emission technologies; and renewable energy technologies.


As of 30 June 2020 CEFC had investment commitments (deployed and contractually committed capital) of $5.95 billion.


The uncommitted $4.05 billion is firmly in the sights of the Morrison Government who would like to see this money go to its major donors in the fossil fuel reliant energy industries.


Commencing with carving our an initial $1 billion to to establish a Grid Reliability Fund to support the largely privatised, heavily coal-reliant, electricity supply corporations.


Clean Energy Finance Corporation Amendment (Grid Reliability Fund) Bill 2020 is back before the House of Representatives today.



The Sydney Morning Herald, 4 February 2021:


Federal Labor remains opposed to a proposed overhaul of Australia's clean energy fund rules aimed at fuelling investment in gas power plants and grid infrastructure despite a shake-up in its approach to climate policy.


The Morrison government's plans to change laws that stop the Clean Energy Finance Corp from investing in conventional fossil fuels and remove a rule that prevents it from investing in loss-making projects will be debated in Federal Parliament today.


The proposed changes will apply to the taxpayer-funded green bank's $1 billion Grid Reliability Fund, making it responsible for an underwriting scheme to encourage private companies to build new power supply.


New climate and energy spokesman Chris Bowen said Labor would only support the changes it if is successful in amending the legislation, including rejecting the proposed definition of gas as a low-emissions energy source.


"Labor created the CEFC and has consistently protected its integrity," Mr Bowen said yesterday, after he last week replaced Mark Butler after seven years in the portfolio.


"We'll be putting forward sensible amendments to ensure the CEFC won't be turned into a slush fund, and can only invest in economically viable, clean energy projects.


"If the government is able to move past its paralysing internal climate wars and accept these amendments, we will support the bill."….


The CEFC was created in 2012 under a deal between Labor, the Greens and independents with a mandate to invest in renewable energy, low-emissions technology and energy-efficiency projects that would deliver a return. 


Thursday 5 November 2020

AUSTRALIA: the 13th Climate of the Nation annual research report was published in October 2020


The Australia Institute released its Climate of the Nation 2020 annual research report this month.


This is the third year the Institute has published this research, the ten years previous to 2018 the survey was published by the Climate Institute.


The quantitative survey was conducted on the YouGov Galaxy Online Omnibus between 14 July and 22 July 2020 and the sample comprised 1,998 Australians aged 18 years and older distributed throughout Australia.


While the qualitative survey comprised of four online focus groups were carried out on 31 August and 1 September 2020. The groups were conducted over Zoom with 21 participants in total. The target group was female swing voters from the federal electorates of Lindsay and Macquarie in NSW, and Lilley and Petrie in Queensland who believe in human caused climate change.



Key Findings In "Climate of the Nation 2020":


80% of Australians think we are already experiencing the impact of climate change


82% of Australians are concerned that climate change will result in more bushfires


83% of Australians support a phase-out of coalfired power stations


79% of Australians rank solar in their top three preferred energy sources


40x is the factor by which Australians overestimate gas industry employment


45x is the factor by which Australians overestimate the oil and gas industry’s contribution to Commonwealth revenue


65% of Australians support the introduction of a levy on Australia’s fossil fuel exports to help pay for climate disasters


65% of Australians think the Australian Government should stop new coal mines


71% think Australia should be a world leader in finding solutions to climate change


72% of Australians believe mining companies should be liable for any land or water contamination caused by fracking


74% of Australians believe governments should plan to phase out coal mining and transition to other industries


68% of Australians support a national target for net zero emissions by 2050


77% of Australians agree tackling climate change creates opportunities in clean energy for new jobs and investment


75% of Australians would consider reducing electricity during times of high demand if they were paid to do so


12% of Australians would prefer Australia’s economic recovery to be primarily powered by gas, compared to 59% who prefer it to be powered by investment in renewables


The Australia Institute: Climate of the Nation 2020 research report by clarencegirl on Scribd

https://www.scribd.com/document/482520496/The-Australia-Institute-Climate-of-the-Nation-2020-research-report


Tuesday 5 November 2019

Every time Australian lobby groups supporting the fossil fuel industry open their mouths just remember this video



Thursday 22 August 2019

Australia is the world’s third biggest exporter and fifth biggest miner of fossil fuels by CO2 potential


The Australia Institute, Tom Swann, High Carbon from a Land Down Under: Quantifying CO2 from Australia’s fossil fuel mining and exports, July 2019:

Australia is the world’s third biggest exporter and fifth biggest miner of fossil fuels by CO2 potential. 

Its exports are behind only Russia and Saudi Arabia, and far larger than Iraq, Venezuela and any country in the EU. Yet Australia’s economy is more diverse and less fossil fuel intensive than many other exporters. 

Australia has an opportunity and obligation to decarbonise its exports in line with the Paris Agreement.

Yahoo! Finance, 19 August 2019:


(Bloomberg) -- Australia’s booming coal industry has made it the world’s third-biggest exporter of potential carbon dioxide emissions locked in fossil fuels, placing it only behind oil giants Russia and Saudi Arabia. 

Australia makes up 7% of all global fossil fuel exports by carbon dioxide potential, as it accounts for almost one-third of the world coal trade, according to a report Monday from The Australia Institute, which has been critical of the federal government’s efforts to combat global climate change.  
While China and the U.S. are the world’s top greenhouse gas emitters in absolute terms, the report highlights the role relatively smaller polluters play in selling fossil fuels to other nations.

Australia, which is also one of the biggest gas exporters, supplies economies throughout Asia, including Japan, China and South Korea.

Exports of fossil fuels and supply infrastructure play a crucial role in locking in increased emissions, and their impact is often ignored in climate change policy, The AI said in the report. 

“Australia has a unique opportunity, and obligation, to face up to the climate crisis through policies to limit its carbon exports, starting with a moratorium on new coal mines,” it said. 

“The scale of exports from countries like Australia bring into stark relief why efforts to reduce world emissions must limit both demand and supply.” In terms of its own greenhouse gas pollution, Australia generates 1.2% of the world’s emissions while having just 0.3% of the population, according to the report. 

Domestic emissions have been rising in recent years as a number of giant gas export projects come on stream, while coal-fired power is still the mainstay of its electricity grid.....

Monday 6 May 2019

Climate change policy scare campaign does the rounds again


A scary headline from 7 West Media and Kerry Stokes**….


Fossil fuel industry analyst and economist  Dr. Brian Fisher has issued another warning about what he apparently believes is the folly of tackling climate change……

The Sydney Morning Herald, 2 May 2019, p.1:

Opposition Leader Bill Shorten is facing an explosive political row over his climate change policy as industry warns of rising costs and a new economic study predicts 167,000 fewer jobs by 2030 under the Labor plan.

Business groups backed the ambition to reduce greenhouse gas emissions but said they deserved more detail given they would pay for the scheme, in a rebuke to Labor's claim it was "impossible" to model the costs of its policy on employers and the economy.

The new warning from economist Brian Fisher, which is hotly disputed by Labor and countered by other experts, marks a dramatic escalation in the political fight over the cost of taking action on climate change compared to the cost of inaction.

Dr Fisher concluded that the Labor emissions target would subtract at least 264 billion from gross national product by 2030 and as much as26 4billion from gross national product by 2030 and as much a s542 billion, depending on the rules for big companies to buy international carbon permits to meet their targets.

"Negative consequences for real wages and employment are projected under all scenarios, with a minimum 3 per cent reduction in real wages and 167,000 less jobs in 2030 compared to what otherwise would have occurred," he concluded.

"Labor's plan results in a cumulative GNP loss over the period from 2021 to 2030 that is over three times larger than that occurring under the Coalition policy. Turning to other results, the wholesale electricity price under Labor's climate policy is around 20 per cent higher than that resulting from the Coalition policy."

Labor has been bracing for Dr Fisher's report after weeks of conflicting claims over the cost of its policies.

But Australian National University professor Warwick McKibbin cautioned against some of the claims, telling the Herald two weeks ago that the impact of Labor's proposals would be a "small fraction" of the economy by 2030.

Professor McKibbin estimates the Coalition and Labor policies would subtract about 0.4 per cent from the economy by 2030.

The cumulative value of economic output has been broadly tipped to be about $30 trillion by 2030, which means Dr Fisher's worst-case scenario equates to less than 2 per cent of output over that period.

An earlier version of Dr Fisher's modelling triggered headlines of a "carbon cut apocalypse" in March but was questioned by other economists, who said he had assumed very high costs for renewable energy generation and the cost of reducing emissions.

ANU professor Frank Jotzo said in March that Dr Fisher's work had used "absurd cost assumptions" about emissions abatement.

Dr Fisher was the executive director of the Australian Bureau of Agricultural and Resource Economics for many years and conducted the modelling at his firm, BAEconomics. He said this was not commissioned or paid for by the government.
While heavily disputed, Mr Morrison is expected to use the results to mount an escalating campaign against Mr Shorten ahead of the May 18 poll….


Fisher gets called out….

Mirage News, 2 May 2019:

THE CLIMATE COUNCIL is calling on Brian Fisher to come clean about his links to the fossil fuel industry, following the release of his “independent” modelling looking at the cost of Labor’s climate policy.

“Mr Fisher has a history of working closely with fossil fuel industries. How can his research be ‘independent’?” asked the Climate Council’s Head of Research, Dr Martin Rice.

“Mr Fisher’s work has been at odds with credible economic literature which shows that strong action on climate change can be achieved at a modest price, while the costs of inaction are substantial,” said Dr Rice.

“We should be having a conversation about the escalating costs of climate change and the very real economic pain Australia will suffer for failing to act,” said Dr Rice.
“Since the Coalition has been in government, greenhouse gas emissions have gone up and up and up. Meanwhile, Australians are on the frontline of worsening extreme weather as the climate is changing,” he said.

“We urgently need to reduce our greenhouse gas emissions There’s credible, independent research that finds Australia can drive down its emissions by more than 45% with minimal impact on the economy,” he said……

The first report in a nutshell….

Climate Council, 20 March 2019:

What’s the story?

Fossil fuel industry consultant Brian Fisher has released so-called “independent” modelling looking at the economic cost of reducing greenhouse gas emissions, but his research is deeply flawed.

Who is Brian Fisher?

Brian Fisher is the fossil fuel industry’s go-to consultant. The industry has paid for much of Fisher’s so-called ‘research’.

Is the modelling credible?

No. Fisher’s report fails to consider the economic benefits for Australia from investing in renewable energy and new technologies as well as failing to quantify the costs of not acting to prevent climate change. 

Several of his findings are implausible. For example, his findings on electricity prices are contrary to a range of detailed Australian studies showing more renewable energy means lower wholesale electricity prices.

This is a distraction.

The Federal Government has a poor record on climate change and is running a scare campaign to distract from this. Since the Liberal National Party has been in government, pollution has gone up, electricity and gas prices have gone up and extreme weather events have worsened.

An explanation of how economic modelling is used….

The Guardian, 21 February 2019:

Whenever Australia starts to have a serious conversation about addressing climate change, headlines appear in newspapers of an economic apocalypse. This happened again in the Australian this week based on work by a long-standing economic modeller of climate policy, Brian Fisher.

So, what do economic modelling exercises tell us of the impact of reducing Australia’s contribution to global warming, and more importantly, what do they not? Should we cower in fear of action or embrace the inevitable change and manage the human and economic costs of transition?

Firstly, economic modelling results are not predictions. They are based on hypothetical future worlds. Economists try to capture the dynamics of economic systems in their models to understand the relative impact of different policy options. This means they are always wrong because economists can’t predict the future. 

Economic modellers are not the crystal ball gazers we read about in fantasy books……

This does not mean the economic models are not useful, it just means they should be used to test the relative impact of different policy options and not be presented as predictions of the future. They have a long history of overestimating the costs of environmental regulations because people and markets can innovate faster than they often expect.

Secondly, the way economic modelling results are presented is very important. Industry groups in particular like to attach themselves to particular results and scream that thousands of jobs will be lost, or wages will be slashed. This is designed to scare people into not acting on climate change by making them feel insecure in their lives. The headlines in the Australian did just this.

It is also dishonest because they also don’t clearly put the results in the context of the broader change in the economy. (David Gruen, one of Australia’s top economic officials gave a great speech about this in 2008 to illustrate how long this silliness has been going on.)

To illustrate my point, the economic impacts Fischer has projected for different emissions targets are in the same ballpark of those projected for work commissioned by the Department of Foreign Affairs and Trade a few years ago. This work also presented results in a similar way to the Australian. However, what is also showed is that the economy, jobs, income, etc continued to grow regardless. We keep getting richer and have more jobs, we just do so at a slightly slower rate.

Thirdly, because Australia exports a lot of coal and other emissions-intensive products to other countries, what they do matters an awful lot to the Australian economy. As other nations reduce emissions, demand for these products falls regardless of what we do. It has been established for some time that a significant part of the economic impacts of climate change on Australia comes from things we can’t control and this is generally presented in the results (see here for an example). While he does not report this, Brian Fisher knows this because he spearheaded economic analysis in the 1990s that was targeted at convincing Japan, one of our major coal markets, it would be too costly for them to reduce emissions.

Lastly, whenever these headlines are blasted across the papers one point is always lost: these results don’t include the cost of climate change itself. This summer, we have again seen a glimmer of what climate change will mean for Australia. Recent economic analysis indicates the benefits of limiting global warming far outweigh the cost of doing so, in one case by 70-1 (a good summary is here). (Again, this is something Fisher has considered in the past as he once said it would be cheaper to move people from the Pacific and put them in condos on the Gold Coast than act on climate change.)

So, as we head into another cycle of climate change politics in Canberra, beware the economic doomsayers and the threats from industry groups that credible action will be a “wrecking ball” to the economy. To be glib, no one said saving the Earth would be free. Acting on climate change will have costs but the costs of not acting will be far, far larger. Better that we come together and manage a fair and effective transition than continuing to delay and pay a much, much greater bill later…..

Dr Fisher feels the heat....

Fisher now accuses the Morrison Government of sitting on a second report modelling cost to the mining and resources sector of climate action, which was commissioned in the lead up to the federal election campaign and, which the Department of Industry, Innovation and Science confirms it has received.

Fisher appears to believe that this report to which he was a contributor will buttress his claims and silence his critics.

However, to date Morrison and Co have not released this report so two possiblities exist: (i) the report's conclusions tend to support Labor climate action policy or (ii) the report's conclusions are based on such flawed assumptions that it will be easily unpicked by genuinely independent experts.

* Mr Stokes is the Executive Chairman of Seven Group Holdings Limited, a company with a market-leading presence in the resources services sector in Australia and formerly in north east China and a significant investment in energy and also in media in Australia through Seven West Media. Mr Stokes has held this position since April 2010. He is also Chairman of Australian Capital Equity Pty Limited, which has substantial interests in media and entertainment, resources, energy, property, pastoral and industrial activities.

Thursday 11 April 2019

Climate change, what’s climate change?



Because the majority of rightwing members of the Australian Parliament refuse to accept the realities of climate change the nation ended up with legislation like this on 3 April 2019.


Medium.com, 3 April 2019:

In the final sitting day before the election Senators passed a bill to greatly increase the powers and funding of the Export Finance and Insurance Corporation (Efic).

Under the guise of Australia’s ‘step-up’ in the Pacific, the Senate has turned this obscure agency into a larger ‘development bank’ for infrastructure oversea.

The changes were strongly criticised by Australia’s development community, and as Australia Institute research has warned, risk fast-tracking taxpayer funding towards fossil fuel projects in the region, undermining the climate action on which the safety of the Pacific depends.

What the Efic?

Efic is a lending agency whose core job is lending to support Australian exporters, ostensibly small and medium sized enterprises.

In recent years the government has used Efic to administer the Northern Australia Infrastructure Facility (NAIF) — the agency that wanted to lend Adani $1 billion dollars for its railway line — and the government’s multi-billion dollar Defence Exports Facility.

By passing the Export Finance and Insurance Corporation Amendment (Support for Infrastructure Financing) Bill 2019, the Senate gives Efic nearly unfettered scope to fund any sort of infrastructure, and access to an extra billion dollars, increasing six-fold its ‘callable capital’ to draw on to back up even larger loans.

Despite the stated purpose of supporting development, under the changes Efic is required only to maximise ‘Australian benefits’. There is no mention at all of the development needs and challenges of countries where Efic would invest.

Instead, Efic can now lend simply to benefit “a person carrying on business or other activities in Australia”, which the government states will empower Efic to promote fossil fuel “energy” exports from Australia.

Taxpayers Funding Fossil Fuels

Efic has a long and sorry history of funding fossil fuel projects, both overseas and in Australia. Half of its current portfolio is in the fossil fuel and mining sectors.

Despite being a Commonwealth agency, Efic explicitly states it is no constrained by the goals of the Paris Agreement and it has refused to disclose how it considers climate risk.

The biggest thing Efic has ever done was backing the PNG LNG project, a massive gas project in Papua New Guinea. Efic was warned in advance it would likely lead to civil conflict and economic disruption. And it did, sparking conflict verging on civil war.

Right now, under current rules, Efic is thinking about lending money to Woodside to develop an oil and gas field in Senegal in Africa. Efic has previously been in talks with Adani about its coal mine……..

Wednesday 12 December 2018

Are Prime Minister Morrison & Co determined to reduce Australia to a hot, barren desert from sea to sea?


Human activities are estimated to have caused approximately 1.0°C of global warming above pre-industrial levels, with a likely range of 0.8°C to 1.2°C. Global warming is likely to reach 1.5°C between 2030 and 2052 if it continues to increase at the current rate. (high confidence) (Figure SPM.1) {1.2}  [United Nations (2018) Global Warming of 1.5°C. Summary for Policymakers]

The global situation.....

United Nations, Sustainable Development, 8 October 2018:

The Special Report on Global Warming of 1.5ºC was approved by the IPCC on Saturday in Incheon, Republic of Korea. It will be a key scientific input into the Katowice Climate Change Conference in Poland in December, when governments review the Paris Agreement to tackle climate change.

“With more than 6,000 scientific references cited and the dedicated contribution of thousands of expert and government reviewers worldwide, this important report testifies to the breadth and policy relevance of the IPCC,” said Hoesung Lee, Chair of the IPCC.

Ninety-one authors and review editors from 40 countries prepared the IPCC report in response to an invitation from the United Nations Framework Convention on Climate Change (UNFCCC) when it adopted the Paris Agreement in 2015.

The report’s full name is Global Warming of 1.5°C, an IPCC special report on the impacts of global warming of 1.5°C above pre-industrial levels and related global greenhouse gas emission pathways, in the context of strengthening the global response to the threat of climate change, sustainable development, and efforts to eradicate poverty.

“One of the key messages that comes out very strongly from this report is that we are already seeing the consequences of 1°C of global warming through more extreme weather, rising sea levels and diminishing Arctic sea ice, among other changes,” said Panmao Zhai, Co-Chair of IPCC Working Group I.

Limiting global warming 

The report highlights a number of climate change impacts that could be avoided by limiting global warming to 1.5ºC compared to 2ºC, or more. For instance, by 2100, global sea level rise would be 10 cm lower with global warming of 1.5°C compared with 2°C. The likelihood of an Arctic Ocean  free of sea ice in summer would be once per century with global warming of 1.5°C, compared with at least once per decade with 2°C. Coral reefs would decline by 70-90 percent with global warming of 1.5°C, whereas virtually all (> 99 percent) would be lost with 2ºC.

“Every extra bit of warming matters, especially since warming of 1.5ºC or higher increases the risk associated with long-lasting or irreversible changes, such as the loss of some ecosystems,” said Hans-Otto Pörtner, Co-Chair of IPCC Working Group II.

Limiting global warming would also give people and ecosystems more room to adapt and remain below relevant risk thresholds, added Pörtner. The report also examines pathways available to limit warming to 1.5ºC, what it would take to achieve them and what the consequences could be.

“The good news is that some of the kinds of actions that would be needed to limit global warming to 1.5ºC are already underway around the world, but they would need to accelerate,” said Valerie Masson-Delmotte, Co-Chair of Working Group I.

The report finds that limiting global warming to 1.5°C would require “rapid and far-reaching” transitions in land, energy, industry, buildings, transport, and cities. Global net human-caused emissions of carbon dioxide (CO2) would need to fall by about 45 percent from 2010 levels by 2030, reaching ‘net zero’ around 2050. This means that any remaining emissions would need to be balanced by removing CO2 from the air.
“Limiting warming to 1.5ºC is possible within the laws of chemistry and physics but doing so would require unprecedented changes,” said Jim Skea, Co-Chair of IPCC Working Group III.

Allowing the global temperature to temporarily exceed or ‘overshoot’ 1.5ºC would mean a greater reliance on techniques that remove CO2 from the air to return global temperature to below 1.5ºC by 2100. The effectiveness of such techniques are unproven at large scale and some may carry significant risks for sustainable development, the report notes.

“Limiting global warming to 1.5°C compared with 2°C would reduce challenging impacts on ecosystems, human health and well-being, making it easier to achieve the United Nations Sustainable Development Goals,” said Priyardarshi Shukla, Co-Chair of IPCC Working Group III.

The decisions we make today are critical in ensuring a safe and sustainable world for everyone, both now and in the future, said Debra Roberts, Co-Chair of IPCC Working Group II.

“This report gives policymakers and practitioners the information they need to make decisions that tackle climate change while considering local context and people’s needs. The next few years are probably the most important in our history,” she said.

The Denver Post, 8 December 2018:

Global emissions of carbon dioxide have reached the highest levels on record, scientists projected Wednesday, in the latest evidence of the chasm between international goals for combating climate change and what countries are actually doing.

Between 2014 and 2016, emissions remained largely flat, leading to hopes that the world was beginning to turn a corner. Those hopes have been dashed. In 2017, global emissions grew 1.6 percent. The rise in 2018 is projected to be 2.7 percent.

The expected increase, which would bring fossil fuel and industrial emissions to a record high of 37.1 billion tons of carbon dioxide per year, is being driven by nearly 5 percent emissions growth in China and more than 6 percent in India, researchers estimated, along with growth in many other nations throughout the world. 

Emissions by the United States grew 2.5 percent, while emissions by the European Union declined by just under 1 percent.

As nations are gathered for climate talks in Poland, the message of Wednesday’s report was unambiguous: When it comes to promises to begin cutting the greenhouse gas emissions that fuel climate change, the world remains well off target.

“We are in trouble. We are in deep trouble with climate change,” United Nations Secretary General António Guterres said this week at the opening of the 24th annual U.N. climate conference, where countries will wrestle with the ambitious goals they need to meet to sharply reduce carbon emissions in coming years.

“It is hard to overstate the urgency of our situation,” he added. “Even as we witness devastating climate impacts causing havoc across the world, we are still not doing enough, nor moving fast enough, to prevent irreversible and catastrophic climate disruption.”

Guterres was not commenting specifically on Wednesday’s findings, which were released in a trio of scientific papers by researchers with the Global Carbon Project. But his words came amid a litany of grim news in the fall in which scientists have warned that the effects of climate change are no longer distant and hypothetical, and that the impacts of global warming will only intensify in the absence of aggressive international action.....

When hard-right, anti-science, fundamentalist ideology in Australia descends into madness………….

The Guardian, 10 December 2018:

 As four of the world’s largest oil and gas producers blocked UN climate talks from “welcoming” a key scientific report on global warming, Australia’s silence during a key debate is being viewed as tacit support for the four oil allies: the US, Saudi Arabia, Russia and Kuwait.

The end of the first week of the UN climate talks – known as COP24 – in Katowice, Poland, has been mired by protracted debate over whether the conference should “welcome” or “note” a key report from the Intergovernmental Panel on Climate Change.

The IPCC’s 1.5 degrees report, released in October, warned the world would have to cut greenhouse gas emissions by about 45% by 2030 to limit global warming to 1.5C and potentially avoid some of the worst effects of climate change, including a dramatically increased risk of drought, flood, extreme heat and poverty for hundreds of millions of people.

The UN climate conference commissioned the IPCC report, but when that body went to “welcome” the report’s findings and commit to continuing its work, four nations – the US, Saudi Arabia, Kuwait and Russia, all major oil and gas producers – refused to accept the wording, insisting instead that the convention simply “note” the findings.
Negotiators spent two and a half hours trying to hammer out a compromise without success.

The apparently minor semantic debate has significant consequences, and the deadlock ensures the debate will spill into the second critical week of negotiations, with key government ministers set to arrive in Katowice.

Most of the world’s countries spoke out in fierce opposition to the oil allies’ position.
The push to adopt the wording “welcome” was led by the Maldives, leader of the alliance of small island states, of which Australia’s Pacific island neighbours are members.

They were backed by a broad swathe of support, including from the EU, the bloc of 47 least developed countries, the Independent Association of Latin America and the Caribbean, African, American and European nations, and Pacific countries such as the Marshall Islands and Tuvalu.

Australia did not speak during the at-times heated debate, a silence noted by many countries on the floor of the conference, Dr Bill Hare, the managing director of Climate Analytics and a lead author on previous IPCC reports, told Guardian Australia.

“Australia’s silence in the face of this attack yesterday shocked many countries and is widely seen as de facto support for the US, Saudi Arabia, Russia and Kuwait’s refusal to welcome the IPCC report,” Hare said…..

Australia’s environment minister, Melissa Price, arrived in Katowice on Sunday, with negotiations set to resume Monday morning.

 “The government is committed to the Paris agreement and our emissions reduction targets,” she said before leaving Australia. “Australia’s participation in the Paris agreement and in COP24 is in our national interest, in the interests of the Indo-Pacific region, and the international community as a whole.”

Price said a priority for Australia at COP24 was to ensure a robust framework of rules to govern the reporting of Paris agreement targets. “Australia’s emissions reporting is of an exceptionally high standard and we are advocating for rules that bring other countries up to the standard to which we adhere.”

The latest Australian government figures, released last month, show the country’s carbon emissions continue to rise, at a rate significantly higher than recent years.

Australia’s emissions, seasonally adjusted, increased 1.3% over the past quarter. Excluding emissions from land use, land use change and forestry (for which the calculations are controversial), they are at a record high..... [my yellow highlighting]


The Guardian, 11 December 2018:


Patrick Suckling (sitting on panel right), Australia’s ambassador for the environment, waits as protesters disrupt an event at the COP24 climate change summit in Katowice, Poland. Photograph: Łukasz Kalinowski/Rex/Shutterstock

Australia has reaffirmed its commitment to coal – and its unwavering support for the United States – by appearing at a US government-run event promoting the use of fossil fuels at the United Nations climate talks in Poland.

Australia was the only country apart from the host represented at the event, entitled “US innovative technologies spur economic dynamism”, designed to “showcase ways to use fossil fuels as cleanly and efficiently as possible, as well as the use of emission-free nuclear energy”.

Its panel discussion was disrupted for several minutes by dozens of protesters who stood up suddenly during speeches, unfurling a banner reading “Keep it in the ground” while singing and chanting “Shame on you”.

Patrick Suckling, Australia’s ambassador for the environment, and the head of the country’s negotiating delegation at the climate talks, spoke on the panel. His nameplate bore a US flag…..

…Simon Bradshaw, Oxfam Australia’s climate change policy adviser, said it was “extremely disappointing” to see Australia line up behind the US in pushing a pro-coal ideas.

“It is a slap in the face of our Pacific island neighbours, for whom bringing an end to the fossil fuel era is matter of survival, and who are working with determination to catalyse stronger international efforts to confront the climate crisis. And it is firmly against the wishes of an overwhelming majority of Australians.”

Bradshaw said continuing to use coal was not only uneconomic, but would “be measured in more lives lost, entrenched poverty, rising global hunger, and more people displaced from their land and homes”.

He said the advice of the IPCC showed emphatically there was no space for new coal and that Australia’s position on coal was isolating it from the rest of the world.
The Climate Vulnerable Forum, a group of 48 countries most acutely affected by climate change, has committed to achieving 100% renewable energy production by the middle of the century at the latest. Other developed countries, including the UK, France, Canada and New Zealand, have committed to phasing out coal power by 2030.

Wells Griffith, a Trump administration adviser speaking alongside Suckling on the panel, said the US would continue extracting fossil fuels, and warned against “alarmism” about climate change…… [my yellow highlighting]

Greenhouse gas emissions in Australia to date.....

Trend emissions levels are inclusive of all sectors of the economy, including Land Use, Land Use Change and Forestry (LULUCF)

Reading Quarterly Update of Australia’s National Greenhouse Gas Inventory: June 2018 [PDF 39 pages] released on 30 November 2018 it is highly unlikely that the Morrison Govenment will be able to meet Australia's commitments under the Paris Agreement.

Australia was closer to meeting Paris Agreement goals in 2013 under a Labor federal government than it is today under a Coalition federal government.