Wondering if your energy company takes climate change seriously? A new report reveals the answer


Shutterstock

Anna Malos, ClimateWorks Australia and Coral Bravo, ClimateWorks AustraliaA landmark report released last week put coal and gas on notice. For the first time, the International Energy Agency (IEA) declared reaching net-zero emissions by 2050 means no new investments in fossil fuel supply projects.

For Australia – a continent blessed with a bounty of wind and sun – the phasing out of coal and gas investment should be considered a boon. Australia is already deploying wind and solar energy ten times faster than the global average, and still has plenty of unmet renewables potential.

But of course, Australia’s path to a clean energy economy has not been perfectly smooth. A lack of federal leadership on climate policy and a historical dependence on fossil fuels means the IEA’s roadmap presents a big challenge for Australia.

Our latest report released today underscores how big a challenge this is. We assessed Australia’s highest-emitting energy firms and found none were fully or even closely aligned with global climate goals. Just one went even partway, and five appeared to be taking no action at all.

smoke billows from stacks at coal plant
The International Energy Agency says it’s the end of the road for new coal investments.
Shutterstock

A poor showing

Our energy sector report forms part of the Net Zero Momentum Tracker, a project by research organisation ClimateWorks, which works within the Monash Sustainable Development Institute.

We assessed the commitments of Australia’s 20 highest-emitting energy companies against the Paris Agreement goals, which include limiting global temperature rise to well below 2℃, aiming for 1.5℃. The IEA’s latest work shows to reach those goals, the global energy sector must reach net-zero emissions by 2050.

The companies we analysed comprise electricity generators and electricity and gas retailers. Together, they account for almost one-third of Australia’s total annual emissions.

Each company’s commitments were assessed against scenarios we modelled, which map the least-cost trajectories for reducing Australia’s emissions in line with the Paris goals.

We found no large energy company was fully aligned with these trajectories, and most fell well short. Six had set emissions reduction targets and nine others had taken some action to cut emissions.

However, not a single company had commitments that are in line with Australia achieving net-zero emissions by 2050.




Read more:
We could be a superpower: 3 ways Australia can take advantage of the changing geopolitics of energy


boy turns off lamp
No electricity company was taking action fully aligned with the Paris goals.
Shutterstock

How your energy company fares

The 20 companies we assessed account for almost 90% of Australia’s electricity emissions. Together, they generate more than 70% of Australia’s electricity supplies.

French-owned energy generator and retailer ENGIE was the only company with activities on a trajectory supporting Australia’s Paris-aligned transition, because of a target that aims to reduce some of its emissions by 2030. But the target does not cover the majority of ENGIE’s emissions, so the company has much more work to do.

Fourteen companies had a mix of targets or actions we assessed as not aligned with the Paris goals. They are:

  • AGL
  • APT Pipelines
  • ATCO
  • CS Energy
  • CK William
  • Delta
  • EnergyAustralia
  • Origin
  • Pioneer Sail
  • Snowy Hydro
  • Stanwell
  • Synergy
  • Territory Generation
  • TransAlta.

And these five companies had no disclosed emissions reduction activities:

  • Arrow Energy
  • Bluewaters Power 1&2
  • NewGen Kwinana
  • NRG Gladstone Operating Services
  • OzGen.



Read more:
Government-owned firms like Snowy Hydro can do better than building $600 million gas plants


Engie logo on building
French multinational Engie was the only firm assessed to have emissions reduction goals even partially aligned to the Paris Agreement.
Shutterstock

The big four emitters

AGL, EnergyAustralia, Stanwell and Origin are the biggest emitters in Australia’s electricity sector. Collectively, they’re responsible for more than half the sector’s emissions, and so have a particular responsibility to act.

When energy companies talk about reducing their greenhouse gas emissions, they do so in terms of scope 1, 2 and 3 emissions.

Scope 1 covers emissions released to the atmosphere as a direct result of company activity, such as burning coal or gas to produce electricity. Scope 2 covers the emissions created to produce the electricity a company purchases.

Scope 3 emissions are those outside the companies’ direct control. They include upstream processes such as the extraction, production and transport of fuel used to power their operations, and downstream activities such as the distribution and use of gas sold to consumers.

Origin aspires to achieve net-zero emissions by 2050 and has set interim targets to reduce its scope 1, 2 and 3 emissions.

AGL and EnergyAustralia have committed to achieve net-zero operational (scope 1 and 2) emissions by 2050, but have no interim emissions reduction targets.

Stanwell, which operates two of Queensland’s largest coal-fired generators, has no emissions reduction targets.

magnifying glass on Origin website
Origin aspires to achieve net-zero emissions by 2050.
Shutterstock

A rapid renewables shift

Our earlier research shows that under scenarios compatible with the Paris Agreement, renewables make up 70% of electricity generation by 2030. Coal and gas is phased out of Australia’s electricity mix as soon as 2035.

The energy sector is crucial if Australia is to meet the Paris climate goals. Thanks to renewable energy, the sector enjoys some of the easiest and cheapest emissions reduction opportunities. And a zero-emissions energy sector would also help other sectors such as transport, buildings and industry to decarbonise.

Australia’s energy sector has made progress on emissions in recent years. Three-quarters of the energy companies we assessed have implemented wind and solar energy projects. And overall, renewable energy was responsible for almost 28% of Australia’s total electricity generation in 2020.

However our report shows change is not happening fast enough to put Australia on a timely path to net-zero emissions.

At a federal level, the Renewable Energy Target, which ended last year, drove the clean energy shift. New federal policies are now needed to bolster ambitious state and territory policies. This would enable energy market operators and investors to plan a transition aligned with the Paris goals.




Read more:
International Energy Agency warns against new fossil fuel projects. Guess what Australia did next?


The Conversation


Anna Malos, Australia – Country Lead, ClimateWorks Australia and Coral Bravo, Senior Analyst, ClimateWorks Australia

This article is republished from The Conversation under a Creative Commons license. Read the original article.

Artificial Reef Memorials: A Place to Leave Your Remains


The link below is to an article reporting on a company that will add the remains of a person when they are cremated to an artificial reef.

For more visit:
http://boingboing.net/2012/03/27/memorial-reefs-cast-your-love.html

Tents: With a Difference


The links below are to an article and a company website relating to some rather odd tents.

For more visit:
http://gizmodo.com/5891646/this-hammock-tent-is-like-a-swanky-hanging-three-bedroom-apartment/
http://www.tentsile.com/index.html

Latest News on the Web Site


Latest News on the Web Site

My website is currently down – for the most part anyway. I hope to have it back up in the near future. Why is it down? My previous hosting service put their prices up dramatically from the previous renewal of the site. It was nearly doubled and I found that sort of hike unacceptable. I have therefore sought out a new hosting service and believe I now have great value for money, as well as a far better service. The site will now have the same address as it has had for several years:

http://kevinswilderness.com

The site I was intending to move to at WordPress.com, will now become the Blog for site updates, news, etc. It can be found at:

http://kevinswilderness.wordpress.com/

For the time being the site will continue to be down, with improvements being made as the site is transferred across to the new hosting company. Please keep returning to the site as I hope to bring pages back online on a regular basis.

 

Site is Moving House


There are some massive changes happening at kevinswilderness.com – it will soon not even be called that. The name of the site will be called simply ‘Kevin’s Wilderness and Travels and will be hosted on WordPress.com. The domain name will probably be disposed of, by simply letting it slip off into history.

The move has come about because of the dramatic rise in hosting costs – which jumped greatly after the hosting company was sold to another. It did concern me at the time that a major price rise would be on the way. So the rise has arrived as expected and I’m now moving on. I love the WordPress.com platform, so the move won’t upset me too much at all. Being able to have ‘kevinswilderness’ in the site name has been a great bonus also, as it will mean that previous site visitors won’t find it
too difficult to remember.

WordPress.com offers the opportunity for so much more social interaction with visitors to the site – especially through comments being available on every page hosted there. Expect more photos and videos at the new site, with these to be hosted at Flickr and YouTube respectively. There should also be opportunities for chatting on site (via a widget or a link to Pip.io), forums, etc. The move is an exciting one for furthering the capability and usefulness of the site.

Work is already well under way and I am hoping that the move will provide new stimulus to improve the site, as well as add new features along the way. The social network hosted at Grou.ps will become a more important associated site and I am hoping to try and promote that more and more. I may however look at some other bushwalking/camping social networks that are out there too – perhaps they will provide a better enhancement to the site. Time will tell.

Please visit the new site and add it to your bookmarks/favourites – the old site has only a month or two to go before it ends forever.

The site is moving across to WordPress.com at the following address:

http://kevinswilderness.wordpress.com/