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China and Australia top list of 'carbon bomb' projects

China and Australia top list of 'carbon bomb' projects

Greenpeace analysis shows 14 planned giant fossil fuel projects will increase global emissions by 20%

 

China and Australia top a global list of planned oil, gas and coal projects that will act as "carbon bombs" and push the planet towards catastrophicclimate change, a Greenpeace report warned on Tuesday.

The Point of No Return study, by consultancy firm Ecofys for Greenpeace, calculated that the 14 giant fossil fuel projects would produce 6.3 gigatonnes of CO2 a year in 2020 – as much as the entire United States emits annually.

The largest contributors will be China's five north-western provinces, which aim to increase coal production by 620m tonnes by 2015, generating an additional 1.4bn tonnes of greenhouse gases a year.

Australia's burgeoning coal export industry, already the largest in the world, is in second place due to its potential growth to 408m tonnes of shipped resource a year by 2025, resulting in an annual 760m tonnes of CO2.

Meanwhile, controversial exploitation of oil and gas reserves in the Arctic could release 520m tonnes of CO2 a year, with further major emissions set to flow from other new fossil fuel frontiers, such as tar sands oil in Canada and shale gas in the US.

 

Source - http://www.guardian.co.uk/environment/2013/jan/22/china-australia-carbon...