Modern Australian
Men's Weekly

.

Even without new fossil fuel projects, global warming will still exceed 1.5℃. But renewables might make it possible

  • Written by Sven Teske, Research Director, Institute for Sustainable Futures, University of Technology Sydney

The International Energy Agency (IEA) last month made global headlines when it declared there is no room for new fossil fuel investment if we’re to avoid catastrophic climate change.

However, our new research suggests the horse may have already bolted. We found even if no new fossil fuel projects were approved anywhere in the world, carbon emissions set to be released from existing projects will still push global warming over the dangerous 1.5℃ threshold.

Specifically, even with no new fossil fuel expansion, global emissions would be 22% too high to stay within 1.5℃ by 2025, and 66% too high by 2030.

However, keeping global warming under 1.5℃ is still achievable with rapid deployment of renewables. Our research found solar and wind can supply the world’s energy demand more than 50 times over.

The stunning potential of wind and solar

While our findings were alarming, they also give us a new reason to be hopeful.

We analysed publicly available oil, gas and coal extraction data, and calculated the future production volume. We worked under the assumption no new fossil fuel extraction projects would be developed, and all existing projects would see production declining at standard industry rates.

We found fossil fuel projects already in the pipeline will, by 2030, produce 35% more oil and 69% more coal than what’s consistent with a pathway towards a 1.5℃ temperature rise.

Power station at night Fossil fuels account for over 75% of carbon dioxide emissions. Shutterstock

Fossil fuels are the main driver of climate change, accounting for more than 75% of carbon dioxide emissions. Continuing to expand this sector will not only be catastrophic for the climate, but also for the world’s economy as it locks in infrastructure that will become stranded assets.

Ultimately, it’s not enough to simply keep fossil fuels in the ground. To meet our climate goals under the Paris Agreement, we must phase down existing production.

Read more: 4 reasons why a gas-led economic recovery is a terrible, naïve idea

Solar and wind power technologies are already market ready and cost competitive. And as our analysis confirms, they’re ready to be scaled up to meet the energy demands of every person on the planet.

We mapped all the potential areas where wind and solar infrastructure can be built, and the energy potential across six continents.

Even after applying a set of robust, conservative estimates that take environmental safeguards, land constraints and technical feasibility into account, we found that solar and wind energy could meet the world’s energy demand from 2019 — 50 times over.

It’s clear we don’t need new fossil fuel development to ensure 100% energy access in the future.

Australia’s laggard status

In Australia, the Morrison government refuses to set new emissions reduction targets, and continues to fund new fossil fuel projects, such as a A$600 million gas plant in the New South Wales Hunter Valley.

Despite Australia’s laggard status on climate change, there are positive moves elsewhere around the world.

Scott Morrison The Morrison government recently announced $600 million for a major new gas plant. AAP Image/Stefan Gosatti

The progress was evident ahead of the G7 summit this past weekend, where climate change was firmly on the agenda. Ahead of the summit, environment ministers worldwide agreed to phase out overseas fossil fuel finance and end support for coal power.

And in recent weeks, three global fossil fuel giants – Shell, Chevron and ExxonMobil – faced legal and shareholder rebukes over their inadequate action on climate change.

Read more: Four seismic climate wins show Big Oil, Gas and Coal are running out of places to hide

Coming on top of all that, the IEA last month set out a comprehensive roadmap to achieve net-zero emissions by 2050. It included a stark warning: no new fossil fuel projects should be approved.

Natural carbon storage is key

However, the IEA’s findings contradict our own on several fronts. We believe the IEA underestimated the very real potential of renewable energy and relied on problematic solutions to fill what it sees as a gap in meeting the carbon budget.

For example, the IEA suggests a sharp increase in bioenergy is required over the next 30 years.

This would require biofuels from energy plantations — planting crops (such as rapeseed) specifically for energy use.

But conservationists estimate the sustainable potential for biofuels is lower. They also say high volumes of bioenergy might interfere with land use for food production and protected nature conservation areas.

Our research found the exact opposite is needed: rapid phase out of deforestation and significant reforestation alongside the decarbonisation of the energy sector.

Bioenergy should be produced predominantly from agricultural and organic waste to remain carbon neutral.

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

Likewise, the IEA calls for an extreme expansion of carbon capture and storage (CCS) projects — where carbon dioxide emissions are captured at the source, and then pumped and stored deep in the ground.

In its roadmap, the IEA expects CCS projects to grow from capturing 40 million tonnes of carbon dioxide (as is currently the case), to 1,665 million tonnes by 2030.

This is quite unrealistic, because it means betting on expensive, unproven technology that’s being deployed very slowly and is often plagued by technical issues.

Establishing natural carbon sinks should be prioritised instead, such as keeping forest, mangrove and seagrass ecosystems better intact to draw carbon dioxide from the atmosphere.

Phasing out early

As a wealthy country, Australia is better placed than most to weather any economic disruption from the energy transition.

Our research shows Australia should phase out fossil fuels early and urgently. The Australian government should also ensure communities and people reliant on fossil fuel industries are helped through the transition.

We must also support poorer countries highly dependent on fossil fuels, particularly in the Asia-Pacific region.

There is new international momentum for climate action, and the future of the fossil fuel industry looks increasingly dire. The technologies to make the transition are ready and waiting – now all that’s needed is political will.

Read more: Tracking the transition: the ‘forgotten’ emissions undoing the work of Australia's renewable energy boom

Authors: Sven Teske, Research Director, Institute for Sustainable Futures, University of Technology Sydney

Read more https://theconversation.com/even-without-new-fossil-fuel-projects-global-warming-will-still-exceed-1-5-but-renewables-might-make-it-possible-162591

Lighting Shop Perth: Your Comprehensive Guide to Choosing the Right Lighting Solutions

Lighting is a fundamental element in defining the ambiance, functionality, and aesthetic appeal of any space. Whether you are renovating your home, ...

Private Booze Cruisers – The New Must-Have Toy for Cashed Up Millennials

Did you hear that your 30s are the new 20s? We’ve finally rocked up that adult money and now it’s time to play with it. I was going for a walk ...

Grinding & Jaw Soreness: Signs You Might Need Night Guards and How We Protect Enamel

Waking with a tight jaw, tender muscles, or a dull temple headache is more than a bad night’s sleep. Many Australians grind or clench their teeth ...

Circular Interior Design: Furnishing with Salvaged & Reclaimed Materials

Circular interior design is gradually making its way from niche circles into mainstream Australian homes. At its core, this approach revolves around...

Invisible Braces vs Traditional Braces: Which Is Best for Adults?

Straightening teeth as an adult is common in Australia, and the options are better than ever. The two main choices are clear aligners, also called i...

Smoking, Vaping, and Healing: How Nicotine Affects Sockets and What you can do About it

Nicotine and oral surgery are a poor mix. After an wisdom teeth removal in Sydney, your body needs a stable blood clot and steady blood flow to rebu...

Titanium and Bone: How Dental Implants Become Part of the Jaw

Dental implants replace missing teeth by anchoring a metal fixture in the jaw and fitting a crown on top. Their success rests on a biological event ...

Do Wisdom Teeth Really Make You Wiser? Debunking Old Beliefs

Wisdom teeth are among the most discussed teeth in dentistry, not because of their function but because of the myths that surround them. The name it...

How Long Do Dental Implants Really Last? The Facts Dentists Won’t Skip

Australians often ask one simple question before green-lighting treatment: how long will a dental implant actually last? The short answer is that th...

The Confidence Curve: Why Implants Change the Way You Carry Yourself

Losing a tooth is not just a physical change; it alters the way people see themselves and how they believe others perceive them. While dentistry has...

Why Reliable Air Conditioning Services Are Essential for Year-Round Comfort

Melbourne’s climate is known for its unpredictable swings—from scorching summers to chilly winters. This variability makes it crucial for homes ...

Expert Plumbing Solutions in Perth: From Hot Water Systems to Leak Detection

Plumbing is one of those things we often take for granted—until something goes wrong. From stepping into an unexpectedly cold shower to discovering ...

Eco-smart Car Removal in Sydney: Practical Steps That Cut Waste and Return Value

Sydney’s ageing cars add up to a serious waste stream, and choosing the right removal service makes a measurable difference. Your decision sends m...

Measuring the Success of Your Bus Advertising Campaign

Bus ads turn everyday travel into high-reach media. They move through busy corridors, sit in traffic where people can read them, and keep working af...

Partner Visa Pathways: Onshore vs Offshore Applications Explained

Choosing between Australia’s onshore and offshore partner visa routes affects timing, travel, work rights and budget. This guide explains the stru...

Serving Styles Compared: Buffet, Grazing, or Plated for the Office

Choosing how to serve food at a work function shapes the pace of the event, how people mingle and how smoothly the agenda runs. The right format dep...

5 Essential Tips for Hiring Gold Coast Plumbers

Finding the best plumber on the Gold Coast can be as complex as navigating a network of pipes, requiring an expert who is capable, reliable, and s...

Hidden Costs of Moving You Need to Budget For (And How to Avoid Them)

Moving house ranks among life's most busy experiences, and discovering unexpected expenses along the way certainly doesn't help with stress levels. Wh...