Unburnable Carbon Australias Carbon Bubble Report

Apr 29, 2013 - 3:38pm

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.

Download the report below. To access all other related content including factsheets, infographics and a presentation visit the project page here.

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