The International Energy Agency has made a mockery of Australia’s justification for vast new coal provinces, saying that coal-fired generation for electricity will have to be phased out by 2030 if used at current rates without abatement.
In its annual Energy Technology Perspectives report, released overnight, the highly conservative IEA, often accused of playing down renewables, says wind and solar will account for the majority of electricity generation and the overwhelming share of emissions reductions if the Paris climate targets are to be met.
The technologies report is an annual assessment by the IEA of what the world needs to do to cap average global warming to 2°C. For the first time in 2017, it canvasses what needs to be done if all available technologies are deployed to their limit to meet a temperature cap of 1.75°C – the mid-point of the Paris target range.
The overriding conclusion is that coal has no future without carbon capture and storage, and only a limited one with it. Under the 2DS scenario, all unabated coal must be phased out by 2045.
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