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In age of climate change, Australia's vast coal fields could become worthless

2013-07-02 18:24:00| Climate Ark Climate Change & Global Warming Newsfeed

The Guardian: Australia's huge coal industry is a speculative bubble ripe for financial implosion if the world's governments fulfill their agreement to act on climate change, according to a new report. The warning that much of the nation's coal reserves will become worthless as the world hits carbon emission limits comes after banking giant Citi also warned Australian investors that fossil fuel companies could do little to avoid the future loss of value. Australia is already the globe's biggest coal exporter...

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Algae.Tec signs carbon capture biofuels deal with Australias largest coal-fired power company

2013-07-02 17:30:13| Green Car Congress

Tags: company power deal largest

 
 

VIDEO: Inside Australia's unnatural wonder

2013-07-02 12:14:06| BBC News | Business | UK Edition

Australia's economy has proved resilient during the global economic downturn, but there are fears the slowdown in Chinese manufacturing could depress demand for iron ore and other commodities.

Tags: video inside unnatural australias

 

Will dumping Australias climate-savvy prime minister help the climate?

2013-06-28 05:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: In terms of climate policy, Australians face a choice between fairly good and downright evil in an upcoming federal election. The face of evil belongs to climate skeptic Tony Abbott, leader of the opposition Liberal Party (which, in topsy-turvy Down Under fashion, is in fact conservative). And the face of relative good is ... in some disarray at the moment. Power brokers in the Labor Party, which narrowly holds power in the country, this week stripped the prime ministership away from Julia...

Tags: prime minister climate prime minister

 

Global Warming Worsened Australia's Record Hot Summer

2013-06-27 18:41:00| Climate Ark Climate Change & Global Warming Newsfeed

LiveScience: Human-caused global warming played a role in making this past summer Australia's hottest on record, a new study suggests. The summer of 2012-2013 probably won't retain its title for long; researchers say record-breaking scorching summers are five times more likely to occur now in Australia due to climate change. "Our research has shown that, due to greenhouse gas emissions, these types of extreme summers will become even more frequent and more severe in the future," study author Sophie Lewis...

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