Tag: Australia
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Two New Reports, One Conclusion: Fossil Fuel Divestment Crucial to Combating Climate Change
Two new reports released today in Brussels and Sydney will help strengthen the case for fossil fuel divestment, with one report emphasizing the growing risk of a carbon bubble resulting from overexposure to high carbon assets, and the other concluding that responsibly divesting from fossil fuels will not hurt financial performance. [caption id="attachment_324455" align="alignnone" width="390"] Graphic…
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Australia’s Record-Breaking Heatwave Fuels Climate Change Fight
By Kieran Cooke It’s official—Australia’s Bureau of Meteorology says 2013 ranked as the country’s warmest year since records began more than a century ago, with the annual national mean temperature 1.2 degree Celsius above the average. Along the way, several new temperature records were set: the summer was the warmest on record as was Australia’s…
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Drop in Demand From China Threatens Australian Coal Mining Projects
Major Australian coal projects risk losing value due to falling demand from China, where leaders are increasingly concerned about growing public anger over severe air pollution, a new analysis from Oxford University has found. [caption id="attachment_315669" align="alignnone" width="500"] Australia’s coal investments may become stranded if China develops new energy policies. Photo courtesy of Shutterstock[/caption] Future coal mining…
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Australia’s New Prime Minister Vows to Bolster Coal Industry
Coal mining has powered the Australian economy for decades. In recent years, thanks to the seemingly insatiable energy appetite of China and other Asian countries, Australia’s coal industry has been …
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Pacific Island Leaders Adopt Game-Changing Climate Policy
Leaders from some of the world’s most vulnerable climate countries have today adopted the Majuro Declaration calling for a “new wave of climate leadership” and marking the region’s efforts to accelerate action …