Category: General news

Managing director of Ebono Institute and major sponsor of The Generator, Geoff Ebbs, is running against Kevin Rudd in the seat of Griffith at the next Federal election. By the expression on their faces in this candid shot it looks like a pretty dull campaign. Read on

  • Report: Fossil fuel companies found paying lip service to climate risks 41 14 2

    Report: Fossil fuel companies found paying lip service to climate risks

     41  14 2

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    • October 16, 2014 • Comments (0)

    fossil fuel companies

    Coal, oil and gas companies almost universally recognise the risks climate change poses to their businesses, yet just 7% are integrating these threats into their spending choices.

    That’s the latest warning of UK think-tank the Carbon Tracker Initiative, as new analysis -– in partnership with CDP and Ceres  – shows that many companies are simply paying “lip service” to climate risk.

    The research examined the answers of 81 coal, oil and gas companies who took part in a survey by CDP – including some of the world’s largest fossil fuels companies such as BP, Statoil, ExxonMobil, Chevron, BHP Billton and Rio Tinto.

    Of the companies asked, 86% said they consider climate change a physical risk for their business, while 99% thought climate-related regulation, including carbon taxes or cap and trade schemes, to be risk to their operations.

    Yet just 7% of companies provide evidence that they were adequately integrating this risk into their spending assessments – showing these companies are “failing to connect the dots”.

    Last week, Bank of England governor Mark Carney became the latest figure to warn that companies risk being left with a product they can not sell as the world takes action to tackle climate change.

    He warned a World Bank seminar “the vast majority of reserves are unburnable”.

    It is widely accepted that to keep global warming below 2°C, the vast majority of fossil fuels will have to be left in the ground.

    Mark Campanale, Founder and Executive Director of the Carbon Tracker Initiative warned companies must do more to disclose the threat this places on their businesses.

    With the IEA forecasting that $23 trillion will be invested in expanding the fossil fuel sector up to 2035, putting this amount of capital at risk doesn’t leave much room for complacency in how climate risks are disclosed.

    Four out of five of the companies show no evidence of analysing how different temperature increases could impact their business, while around 10% of the oil and gas companies, and just one coal company, stress-test projects against the internationally agreed goal of limiting warming to 2°C.

    Just two of the 32 coal companies who responded to the report survey accept this limit agreed on by governments.

    And while 25 companies “acknowledge climate change”, only five of these went on to “acknowledge that climate change requires emissions reductions”.

    With the survey sample representing the “best in class” sample – the 24% of fossil fuels companies that received and responded to CDPs 2014 climate change questionnaire – these figures are particularly worrying.

    The failure of these companies to disclose how they plan to deal with the transition to a low carbon economy or international climate legislation may affect their business model should sound a warning bell to investors, warn the researchers.

    Mindy Lubber, president of the sustainable advocacy group Ceres said:

    The report highlights the vast gulf between what investors are looking for and what energy companies are not providing in regards to financial risks from high carbon, high cost fossil fuels projects. Investors should step up their calls to companies to better explain these huge expenditures.

    Carbon Tracker Initiative is calling on financial regulators and standard setting bodies to increase their scrutiny of fossil fuel companies and ensure they build “climate literate” capital markets.

    – See more at: http://tcktcktck.org/2014/10/report-fossil-fuel-companies-found-paying-lip-service-climate-risks/64803#sthash.VE6ODlYl.5l9IerJG.dpuf

  • Governments to discuss opportunities to reduce non-CO2 greenhouse gases

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  • Live: Pacific Warriors to face off with coal ship

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    Live: Pacific Warriors to face off with coal ship

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    Aaron Packard – 350.org <aaron@350.org> Unsubscribe

    11:16 AM (4 hours ago)

    to me

    After months of preparation and planning, 30 Pacific Climate Warriors just launched their traditional canoes into the water in Newcastle. They are paddling into the oncoming path of coal ships in an attempt to shut down the world’s largest coal port for a day.

    You can follow the action on our live blog right now!

    As the Pacific Warriors arrived in Australia, news came from back home that king tides fueled by rising sea levels had wreaked havoc on a number of Pacific Islands. Homes flooded, crops lost and critical infrastructure damaged. This was a timely reminder of what living with climate change is like for the Pacific Islands and why they have come to Australia to fight back against the fossil fuel industry.

    But as the warriors stand up to the industry we need your support. They know they cannot win this fight alone.

    Show the Pacific Warriors that they are not out there alone. Share your support and spread their story by taking a photo with your message to the Climate Warriors and posting it to social media using the hashtag #StandUpForThePacific. Need some inspiration? Click here for more information.

    We want to flood social media with messages of support for the Warriors so their message is impossible to ignore. Click here to learn more about how you can show your support for the Pacific Warriors.

    This is a big day. It is a day where the Pacific stands up against the destruction of the fossil fuel industry.

    Please stand with us.

    Regards,
    Aaron Packard on behalf of the 350.org team

    PS: Hear first hand from the Warriors next week in your local city. Click here to register today: www.350.org.au/warriorstory

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    Live: Pacific Warriors to face off with coal ship

    Inbox
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    Aaron Packard – 350.org <aaron@350.org> Unsubscribe

    11:16 AM (4 hours ago)

    to me

    After months of preparation and planning, 30 Pacific Climate Warriors just launched their traditional canoes into the water in Newcastle. They are paddling into the oncoming path of coal ships in an attempt to shut down the world’s largest coal port for a day.

    You can follow the action on our live blog right now!

    As the Pacific Warriors arrived in Australia, news came from back home that king tides fueled by rising sea levels had wreaked havoc on a number of Pacific Islands. Homes flooded, crops lost and critical infrastructure damaged. This was a timely reminder of what living with climate change is like for the Pacific Islands and why they have come to Australia to fight back against the fossil fuel industry.

    But as the warriors stand up to the industry we need your support. They know they cannot win this fight alone.

    Show the Pacific Warriors that they are not out there alone. Share your support and spread their story by taking a photo with your message to the Climate Warriors and posting it to social media using the hashtag #StandUpForThePacific. Need some inspiration? Click here for more information.

    We want to flood social media with messages of support for the Warriors so their message is impossible to ignore. Click here to learn more about how you can show your support for the Pacific Warriors.

    This is a big day. It is a day where the Pacific stands up against the destruction of the fossil fuel industry.

    Please stand with us.

    Regards,
    Aaron Packard on behalf of the 350.org team

    PS: Hear first hand from the Warriors next week in your local city. Click here to register today: www.350.org.au/warriorstory

  • A Tax Cheat is a THIEF (HOCKEY)

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    ‘A tax cheat is a thief’ – Joe Hockey

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    Lily – GetUp!

    12:39 PM (2 hours ago)

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    Dear NEVILLE,

    Corporate tax dodging is costing Australian taxpayers billions of dollars — money that could be funding our hospitals, universities and social safety net.

    In a matter of days, more than 40,000 of us signed a petition asking Joe Hockey to ensure corporate tax dodgers pay their fair share of tax — and the pressure is working.

    The Treasurer is now talking tough on corporate tax dodging, saying ‘a tax cheat is a thief’ and making commitments to crack down on global tax evasion.1 But meanwhile, he’s slashed the ATO budget, hamstringing their ability to go after the worst corporate tax cheats.

    So to turn tough talk into action, Government MPs and senators need to know that reports of corporate tax dodging have really touched a nerve with their voters. Together, let’s deliver the message: talk is cheap — we want action.

    Click here to email your Government MP or Senator and ask for real action to ensure that big business pays their fair share of tax

    An estimated 2.5 milllion Australians are now living below the poverty line at the very time the Abbott Government is asking the poorest Aussie households to contribute $1.1 billion more than the wealthy.2 And according to a report by the Tax Justice Network and United Voice, the top 200 ASX companies are paying billions less than they should be, parking some of their profits in offshore tax havens.3

    It’s disgraceful. That’s why Australians are up in arms over the failure of big business to pay their fare share, while we’re asked to bear the budget pain. So this is exactly the right time to put pressure on our politicians to take a tougher stance on tax dodging by big business.

    While Mr Hockey’s crack down rhetoric is a great start, his actions leave a lot to be desired. The Government just cut $189 million from the Australian Taxation Office — the very body that polices tax compliance. They’ve also left open loopholes that could have delivered $1.1 billion more to the national coffers.4

    Actions speak louder than words, and picking up the phone to call an MP’s office is an incredibly effective way of putting pressure on our decision makers. Click here to call your Liberal MP or Senator and ask them what actions — not words — they’re going to take to crack down on corporate tax dodgers: www.getup.org.au/corporate-tax-call

    It’s only fair that big businesses making massive profits pay their fair share, just like the rest of us. If they don’t, we’re the ones who end up footing the bill.

    Thank you for all that you do,
    Lily, Mark, Nat and Georgina, for the GetUp team

    PS — This image from our friends at United Voice shows who picks up the bill when our government fails to crack down on big business tax dodgers: our schools, communities and hospitals. Take the time now to tell your MP to spend more time cracking down on big business tax dodgers, instead of squeezing out budget savings from the poor, the sick and our seniors.

    image

    [1]’The Path to Brisbane — Setting up the G20 to make a difference’, The Hon Joe Hockey MP, 8 October 2014.
    [2]’Poverty in Australia Report’, Australian Council of Social Services, October 2014. ‘Poorest families pay most in budget’, Sydney Morning Herald, 22 May 2014.
    [3]’Who Pays for Our Commonwealth? Tax Practices of the ASX 200′, United Voice and the Tax Justice Network, October 2014.
    [4]’Corporate tax avoidance costs Australian business’, Sydney Morning Herald, 30 September 2014.

  • AdSolar Hot Water Systemwww.gosolarnewcastle.com.au – Quality Product Backed By 15 Yrs Warranty.250/315/400L Tank Sizes.

    Daily update: Why rooftop solar makes networks such a hard sell

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    RenewEconomy editor@reneweconomy.com.au via mail69.atl51.rsgsv.net 

    1:21 PM (1 hour ago)

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    NSW report delivers sobering news for Australian networks. Plus:will EVs save utilities, or destroy them?; how the electricity industry is trying to stop solar – part II; VEET scheme off the chopping block; the truth about Queensland coal and the economy; why dissing coal divestment won’t do any good; EU renewables headed for grid parity by 2018; renewables win top share of German energy mix; and solar project costs at 6.5c/kWh in US state of Georgia.
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    RenewEconomy Daily News
    The Parkinson Report
    New report says asset value of NSW networks needs to be written down by nearly half so they can compete with rooftop solar. If they don’t, consumers will be forced to pay more, many will leave the grid, and the assets will end up being stranded.
    For utilities, electric vehicle uptake could boost electricity demand and balance a changing grid. On the flip-side, it could help drive households off grid.
    Part Two – and another 10 examples – of how electricity industry is trying to slow deployment of rooftop solar.
    Victorian Energy Efficiency Target scheme given stay of execution, as Napthine govt backs away from plans to cut it short and scrap it.
    Despite fossil fuel spin about coal’s economic importance, report finds more Queenslanders work in Arts and Recreation than in the coal industry.
    Companies critical of fossil fuel divestment should take responsibility for better valuing and reporting their environmental and social impacts.
    New European analysis finds solar and wind could achieve grid parity in Turkey by 2018; solar in Spain by 2021, Portugal by 2022 and Italy by 2025.
    Non-hydro renewables increased electricity output by 8.6 TWh over first 9 months of 2014, making them Germany’s number one power source for the first time.
    The average utility-scale solar bid for power-purchase agreements for a solr project in the US state of Georgia averaged at 6.5 cents per kilowatt-hour.
  • RENEW ECONOMY DAILY UPDATE

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    Climate Central

    Renewables Are as Green as You’d Expect

    Despite all the metals and raw materials that go into making solar cells and wind turbines, these sources of low-carbon renewable electrify will have a low climate and environmental impact through 2050

    October 8, 2014 |By Bobby Magill and Climate Central

    Wind farms are a major part of global renewable energy buildout by 2050.
    Credit: Lollie-Pop/flickr

    lot of metals go into making solar cells and wind turbines, raw materials such as copper, iron, rare earth metals such as indium and others and that involve a lot of greenhouse gases and other pollution when they’re mined and processed to make parts for renewable power generators.

    So just how green are these sources of low-carbon renewable electricity? Pretty green, it turns out.

    Rolling out wind and solar power projects across the globe through 2050 will probably have a very low climate and environmental impact and even reduce air pollution despite the need for extracting pollution-intensive raw materials for those wind, solar and hydropower projects, according to new research published Monday.

    As part of the new Norwegian University of Science and Technology study, researchers conducted the first-ever lifecycle analysis of a wide-scale global rollout of new wind, hydro and solar power plants, asking whether shifting from coal and natural gas power generation to renewables would increase or decrease certain types of pollution.

    Generally, there isn’t much known about the environmental and climate costs of a global shift from fossil fuels to renewables and how that shift affects pollution from producing raw materials used in solar panels and wind turbine blades such as copper, concrete, aluminum, indium and other materials, according to the study.

    Wind turbines require up to 14 times the iron needed for fossil fuel power generation, and solar photovoltaics require up to 40 times the copper than traditional coal, oil or natural gas-fired power plants, according to the study.

    But over time, the environmental impact of extracting those raw materials declines, pollution decreases and the total quantity of those materials likely needed for renewables is a fraction of the volume of those materials being mined today, the study says.

    The researchers assumed that solar, wind and hydropower will make up 39 percent of total global power production in 2050, up from 16.5 percent in 2010, requiring 1.5 gigatons of bulk raw materials for construction.

    “I was surprised that all the pollution went down for renewables,” the study’s lead author, Edgar Hertwich, an energy and process engineering professor at the Norwegian University of Science and Technology, told Climate Central. “I expected some of the toxics might be rising because of the materials used. Metal ores contain a lot of heavy metals. I expected that to be significant. I was really surprised it didn’t show up.”

    When compared to coal-fired power plants, renewables come out on top because wind and solar power generation requires no additional raw material over the lifespan of the turbine or solar panel. Coal-fired plants, on the other hand, require continued mining of coal, he said.

    The study, published Monday in the journal Proceedings of the National Academy of Sciences, concludes that new renewable power installations would increase the demand for iron and steel by 10 percent by 2050, and the copper that would be needed for photovoltaic systems are equivalent to two years of current global copper production.

    “The amount of material having to move for coal is more than metal moved for renewables,” he said.

    Even when solar and wind power generators need to be rebuilt, raw materials can be recycled from older power generators, he said.

    Displacing fossil fuels with renewables could reduce global greenhouse gas emissions by 62 percent below a scenario that assumes global energy consumption would continue on its current trajectory, with coal power generation possibly increasing 149 percent over 2007 levels, according to the study. The research also shows that freshwater pollution could be reduced by half and particulate matter in the air reduced by 40 percent.

    “This study helps further verify the benefits and necessity of renewable technologies for meeting long-term greenhouse gas mitigation goals,” said Christine Shearer, postdoctoral scholar of earth system science at the University of California-Irvine, whose recent research suggests that reliance on natural gas for power generation impedes the development of renewables.

    “We know that no energy source is benign,” she said. “Each one will have an impact on the environment and resources, especially when scaled up. Hertwich and his colleagues have done a real service by quantifying these life cycle effects and showing the benefits of renewable energies not only for the climate, but also air and water, with a manageable amount of resources.”

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    This article is reproduced with permission from Climate Central. The article was first published on October 7, 2014.