Unburnable Carbon: Australia's carbon bubble

Synopsis

Apr 29, 2013 - 9:00am

Australian and overseas investments in Australian coal resources rest on a speculative bubble that ignore their impact on global carbon budgets and their exposure to rapid devaluation, finds this report by The Climate Institute and the Carbon Tracker Initiative. 

The 51 gigatonnes of carbon pollution (GtCO2) in Australian coal reserves that companies already have on their books represent about 25 per cent of a precautionary 200 GtCO2 global carbon budget for coal. The report follows recent global analysis, which confirmed that for there to be an 80 per cent chance of achieving internationally agreed targets of limiting global warming to 2°C, only 20-40 per cent of existing coal, gas and oil reserves can be burnt.

This page contains the full report and related content such as factsheets and a presentation. 

To access the media release click here.

Unburnable Carbon
Read Report
Carbon Tracker World Map
What is the 'carbon bubble'? And why does it matter?
Carbon Tracker's interactive carbon bubble map launched alongside its global report.
Peter Lambert of Local Government Superannuation Scheme shares his thoughts on Unburnable Carbon.

Additional Materials

Defining the carbon bubble: coal ownership - Factsheet - PDF, 300KB

Starting to see the problem: miners and investors - Factsheet -  PDF, 300KB

 

Presentation

The below SlideShare presentation summarises the report:

 

Thanks

This report was written in partnership with the Carbon Tracker Initiative. Carbon Tracker and The Climate Institute acknowledge the support of The Mullum Trust for this report.

 

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