LNG shipbuilding industry heading to huge oversupply

Based on global energy system modelling sense-checked against key national studies, this report presents new analysis on what a 1.5°C-aligned rollout of wind and solar could look like for key countries. It aims to inform target setting for 2030, 2035 and beyond in third generation NDCs.

This report unpacks the global carbon footprint from Australia's exported fossil fuels, especially coal and gas; exports that are set to continue at the same level through to 2035, threatening the 1.5˚C warming limit. 
Australia has a global carbon footprint that far exceeds its economic size and population - and is responsible for around 4.5% of global fossil carbon dioxide emissions, with 80% of those emissions coming from its fossil fuel exports.

This brief outlines seven key policy recommendations for this June’s G7 summit that, if adopted, would demonstrate the ambition and leadership needed to keep the Paris Agreement’s 1.5°C limit in sight.

This briefing looks at what the 1.5°C limit means in terms of adaptation and loss and damage for the most vulnerable countries and regions. It finds that slowing down warming is critical to buy us time to adapt and also to avoid irreversible loss and damage. Even if warming rises above 1.5°C (overshoot) we can bring it down again with ambitious emissions reductions.

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.

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, we respond 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.

This peer-reviewed paper analyses what happens in an 'overshoot scenario' - where temperature rise peaks just above 1.5°C, but then return below it by the end of the century. It concludes that despite a drop in warming, regional climate changes may only be partially reversed in the decades after peak warming, demonstrating the value of limiting peak temperatures to as low as possible.

Few of the sectoral initiatives announced during COP28 will meaningfully contribute to closing the emissions gap. Many of them lack either the ambition, clarity, coverage or accountability needed to really make a difference.