A new report by The Australia Institute outlines a solution to the twin problems of incentives for retirement of coal fired generation and funding rehabilitation liabilities.
World renowned scientists and economists back Kiribati President’s call for No New Coal Mines in open letters published in Saturday’s Guardian UK and this month’s global edition of New Scientist magazine.
Former NASA Goddard Institute Director Dr. James E. Hansen, Dr. David Suzuki, Nobel Laureate in economics Professor Kenneth Arrow, Professor Hans Joachim Schellnhuber, and Ian Dunlop have joined 52 scientists, economists and other experts in calling for a moratorium on new coal mines ahead of the Paris Climate Summit.
The proposed Adani Carmichael mine would produce carbon emissions comparable or greater than major world cities and whole nations.
The data reveals that The Carmichael Adani mine would single-handily produce almost twice the emission of Tokyo – a city with a bigger population than Australia.
The report from The Australia Institute also reveals the coal produced in the Galilee would, when burned, would produce carbon emissions than Malaysia.
The Australian government has recently approved Adani’s Carmichael coal project. If built, it would be the biggest coal mine in Australia. This briefing note puts the vast scale of Carmichael into context.
The Australia Institute has made a submission on the Environmental Impact Statement of the Bylong Coal Project, a proposed new thermal coal mine located south of the Hunter Valley in NSW.
The economic assessment of the Bylong Coal Project is not suitable for decision making purposes. It lacks transparency, is based on flawed methodologies and contains serious errors.