That is what BP thinks will happen on the basis of projecting forward what we are doing to date. However, in what they see as a Rapid Transition Scenario, BP still sees around half of our energy needs in 2040 coming from fossil fuels in the form of gas and oil. Here from the BP Energy Outlook, 2019 in a nutshell is the story:
A New South Wales Labor government would establish a state-owned renewable energy company to support the rollout of enough renewable energy to power more than three million homes across the state in the next decade.
On Monday the NSW opposition leader, Michael Daley, announced that if elected on 23 March, Labor would deliver seven gigawatts of extra renewable energy by 2030.
1. Unsubsidised wind and solar now cheapest form of bulk energy
That is the case in all major economies except Japan, according to BNEF. From RenewEconomy:
The latest report says the biggest news comes in the two fastest growing energy markets, China and India, where it notes that “not so long ago coal was king”. Not any more.
“In India, best-in-class solar and wind plants are now half the cost of new coal plants,” the report says, and this is despite the recent imposition of import tariffs on solar cells and modules. Continue reading Climate clippings 228→
The development of Adani’s Carmichael mine has always been sold as a job-creating venture. In fact it will be a highly automated mine, creating jobs mostly in the cities. A new report has found that the development of Carmichael and the subsequent development of the Galilee basin will cost about 12,500 jobs in existing coal mining regions and replace only two in three workers. Continue reading Adani will cost jobs→
Adani Australia’s chief executive Jeyakumar Janakaraj – known in the industry as “JJ” – has done an opinion piece in the Australian Financial Review saying that their team at Adani has not wavered in their vision to build the Carmichael mine, rail and port project in Central Queensland. They’ve been working on it for seven years, have spent $3.3 billion to date, have 800 people working right now and have put up arguments to answer their critics.
The 1.5C threshold was set at Paris as an ambitious target because scientists fear that a world warmer than that would be susceptible to ever wilder climactic events that in turn would precipitate greater drought, habitat loss, food insecurity and mass migration.
Bill Shorten probably knows Labor can’t win the byelection in the Melbourne seat Batman while supporting the far-away Adani coal mining project at Carmichael in the Galilee Basin in central Queensland. So he looks set to oppose the mine.
BHP Billiton has thrown a significant spanner in the works of peak mining bodies lobbying on behalf of fossil fuels to the detriment of climate change. In the 26-page report BHP Industry Association Reviewdownloadable here the company has made three decisions:
First, BHP has reached a preliminary decision to quit the World Coal Association “in light of the identified difference and the narrower activities of benefit to BHP from membership. BHP will invite responses from the WCA before making a final determination as to future membership by 31 March 2018.”
Second, similarly it will make a final determination on membership of the United States Chamber of Commerce on or before 31 March 2018, having identified material differences.
The Weatherill and Koutsantonis strategy is to embrace new technologies, cheap wind and solar and storage, smart software and smarter management, and put into practice the sort of scenarios envisaged by the CSIRO, Energy Networks Australia and more recently by the storage review commissioned by chief scientist Alan Finkel.