May 18, 2021 Read More →

Global Energy Agency Warns Australia to Drop Future Coal and Gas Plans

The Guardian:

Australian politicians and companies are being urged to abandon plans for new coal power, gas and oil investments after a major report by the world’s leading energy agency found fossil fuel expansion must end now if the planet is to address the climate crisis.

The International Energy Agency (IEA) found a “narrow and extremely challenging” pathway to net-zero greenhouse gas emissions by 2050 – a target set by more than 100 countries, and which the Morrison government says it would “preferably” like to achieve – would require advanced economies such as Australia to have a zero-emissions electricity grid by 2035.

It suggested wealthy countries should phase out coal-fired power plants by the end of the decade, the sale of new petrol and diesel cars should be banned by 2035 and global investment in clean energy should more than double to US$5tn (A$6.4tn) a year by 2030.

Its executive director, Fatih Birol said the transition to a clean future would be a net benefit to the economy, not an economic burden as regularly framed in political debate.

The report, titled Net Zero by 2050: A Roadmap for the Global Energy Sector, comes as the prime minister, Scott Morrison, backs a “gas-fired recovery” from the coronavirus pandemic, and federal and state Coalition and Labor politicians continue to back the expansion of coal mines and gas fields.

The Morrison government announced on Tuesday night it would spend $600m on a new gas-fired power plant in New South Wales despite the head of the Energy Security Board, Kerry Schott, warning it made little commercial sense.

[Adam Morton]

More: Australia urged to drop coal and gas plans after global energy agency’s warning

Posted in: IEEFA In the News

Comments are closed.