The COVID-19 pandemic presents the world with an unprecedented policy challenge: not only will it have a severe impact on the global economy likely to exceed that of both the 2008-09 Global Financial Crisis and the Great Depression, it will take place against the backdrop of the ongoing climate crisis.
In acknowledging the magnitude of this unprecedented challenge, the priority for governments must first be the immediate emergency response focussing on saving lives, supporting health infrastructure, food availability, and the many other urgent social and economic support measures such as short-term job allowances, direct cash handouts to citizens, or targeted liquidity support to SMEs. But solving the COVID-19 crisis cannot come at the expense of solving the longer-term issue facing humanity: the climate crisis.
The question of how the economic recovery is designed remains crucial in shaping the long-term pathways for emissions and determining whether the Paris Agreement’s 1.5˚C temperature limit can be achieved. Our analysis points to strong economic and climate change advantages if governments were to adopt green stimulus packages in response to the COVID-19 pandemic.
Conversely, if governments don’t roll out low carbon development strategies and policies – or roll back existing climate policies – in response to the coming economic crisis, emissions could rebound and even overshoot previously projected levels by 2030, despite lower economic growth in the period to 2030. This report shows that the future is for governments to choose. COVID-19 recovery presents both opportunities and threats to enhancing our resilience to climate change.
Tripling renewables by 2030: interpreting the global goal at the regional level
At COP28, governments agreed to triple global renewable capacity by 2030. This report breaks down what a 1.5ºC-aligned renewables rollout would look like at the regional level and calculate the associated investment needs.
Submission to the Australian Treasury consultation on the Petroleum Resource Rent Tax
As the gas industry in Australia has grown exponentially, the profit taxes it pays to the government have proportionally plummeted, presenting an opportunity to change this regime. Here, Climate Analytics Australia's responds to the Australian Government Treasury consultation on the Petroleum Resource Rent Tax (PRRT) – anti-avoidance provisions and clarifying treatment of ‘exploration’ and Mining, Quarrying or Prospecting Rights.
Unabated: the Carbon Capture and Storage 86 billion tonne carbon bomb aimed at derailing a fossil phase out
The climate talks at COP28 have centred around the need for a fossil fuel phase out. Our analysis quantifies the risk posed by restricting a phase out commitment to only ‘unabated’ fossil fuels.
No change to warming as fossil fuel endgame brings focus onto false solutions
The CAT's annual warming estimate has risen by 0.1˚C to 2.5˚C. The estimate is largely influenced by weak existing targets rather than shifts triggered by updated Nationally Determined Contributions.
When will global greenhouse gas emissions peak?
The IPCC says peaking before 2025 is a critical step to keep the 1.5°C limit within reach. With emissions set to rise in 2023, this leaves limited time to act. To assess if we can meet this milestone, we look at when global emissions might peak, as well as what we can do to get there in time.
Wind and solar benchmarks for a 1.5°C world
This report presents a detailed methodology for determining the amount of wind and solar capacity that is required for a country to align with the Paris Agreement’s 1.5°C temperature goal. While the focus of the report is the method, it includes illustrative benchmarks for Brazil, China, India, Indonesia, Germany, South Africa.
A 1.5°C future is possible: getting fossil fuels out of the Philippine power sector
The Philippines is also one of the fastest-growing developing countries: poverty is in decline, access to energy is rising and, with that, demand for energy services. However, fossil fuels still dominate the energy system, accounting for 78% of power generation in 2022. This report sets out what the Philippines government needs to do to get the country’s power sector onto a 1.5˚C compatible emissions pathway, replacing fossil fuels with renewable energy.
Production Gap Report 2023
Governments, in aggregate, still plan to produce more than double the amount of fossil fuels in 2030 than would be consistent with limiting warming to 1.5°C. The persistence of the global production gap puts a well-managed and equitable energy transition at risk.
Emissions impossible: Unpacking CSIRO GISERA Beetaloo Middle Arm fossil gas emissions estimates
This report provides an independent evaluation of the CSIRO and GISERA assessments of the potential greenhouse gas emissions that would result from the exploitation of the Beetaloo fossil shale gas reserves.
Adjusting 1.5°C climate change mitigation pathways in light of adverse new information
This study uses an integrated assessment model to explore how 1.5°C pathways could adjust in light of new adverse information, such as a reduced 1.5°C carbon budget, or slower-than-expected low-carbon technology deployment.