IEA. Climate change Promoting sustainable development and combating climate change have become integral aspects of energy planning, analysis and policy making. Because energy accounts for two-thirds of total greenhouse gas emissions and 80% of CO2, any effort to reduce emissions and mitigate climate change must include the energy sector. Global energy-related CO2 emissions grew by 1.4% in 2017, reaching a historic high of 32.5 gigatonnes (Gt), a resumption of growth after three years of global emissions remaining flat. The increase in CO2 emissions, however, was not universal. Gt CO2 CO2 Emissions Yearly Increase 2000-2016 Increase 2016-2017 2000 23.01 2001 23.01 0.34 2002 23.35 0.4 2003 23.75 1.05 2004 24.8 1.17 2005 25.97 0.93 2006 26.9 0.85 2007 27.75 1.1 2008 28.85 0.16 2009 28.59 -0.42 2010 28.59 1.67 2011 30.26 0.88 2012 31.14 0.25 2013 31.39 0.52 2014 31.91 0.2 2015 32.11 -0.03 2016 32.08 -0.01 2017 32.07 0.46 Source: Global Energy & CO2 Status Report 2017 More CO2 statistics >
Skeptical Science. RealClimate.org. Www.climateactiondarwin.org | NINTI ONE RESOURCE CENTRE. Safe Climate Australia. Climate Action Network Australia. Beyond Zero Emissions. Climate Action Tracker. Carbon Tracker Initiative. Unburnable carbon 2013: Wasted capital and stranded assets. This new research from Carbon Tracker and the Grantham Research Institute on Climate Change and the Environment at LSE calls for regulators, governments and investors to re-evaluate energy business models against carbon budgets, to prevent $6trillion carbon bubble in the next decade. Unburnable carbon 2013: Wasted capital and stranded assets has revealed that fossil fuel reserves already far exceed the carbon budget to avoid global warming of 2°C, but in spite of this, spent $674billion last year to find and develop new potentially stranded assets.
“Smart investors can see that investing in companies that rely solely or heavily on constantly replenishing reserves of fossil fuels is becoming a very risky decision. The report raises serious questions as to the ability of the financial system to act on industry-wide long term risk, since currently the only measure of risk is performance against industry benchmarks.” Professor Lord Stern The carbon budget deficit Stranded assets Wasted capital.
Australia's carbon bubble. The Australian Coal Association recently hired some consultants (ITS Global) to review the carbon bubble thesis. For clarification, here are our corrections and responses to their output. The two degree commitment Our reports use this as a reference point, as it is indeed the stated objective of the international community. We respect the right of companies, investors and other parties to take a view on how likely this outcome may be. The implications of not achieving the two degree target As has been widely documented by a range of institutions from the World Bank to PricewaterhouseCoopers, the social, economic and environmental impacts of global warming will have far wider and more serious consequences than tackling emissions. Other factors reducing coal use, eg air quality We are always careful to note that, whilst negotiations continue, there are already a number of measures in place that are not explicitly linked to carbon or climate change.
Ignoring CCS Misquoting the IEA. Climate Reality Australia - Climate Reality Home. Total Environment Centre. Carbon Planet - Carbon Management.
The Climate Council.