Ember report confirms concerns about coal accounting shift, as official Australian policy announced today | Ember

Ember report confirms concerns about coal accounting shift, as official Australian policy announced today

4 Jul 2024

He also noted that while it is unclear the extent of how much emissions reporting may change overnight, the track record of emissions reductions recorded under this method could put the impact of the accounting change “upwards of 5 million tonnes, and perhaps larger than tens of millions of tonnes of CO2-e every year. It could have a massive impact on reported emissions”.

“This accounting shift could mean that individual coal mines will be reporting up to one million tonnes of CO2-e less next year, with no actual change in how much they are really emitting, and no real action taken to deal with their methane emissions”.

Finally, Chris Wright also noted that “this shift will transform emissions reporting under the Safeguard Mechanism. Companies undertaking this shift could now be eligible for hundreds of thousands of tonnes of additional Safeguard credits, without taking any action, and they could use those credits to offset real emissions increases in underground mines at no cost.”

The Government today has locked in an emissions reporting methodology that will only increase the gap between coal mine reporting, and what is really being emitted.

About Ember

Ember is an independent energy think tank that aims to accelerate the clean energy transition with data and policy. It creates targeted data insights to advance policies that urgently shift the world to a clean, electrified energy future.

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