Galilee Basin – Unburnable Coal

07.07.15 By

This new report reveals that if all of the Galilee Basin coal was burned, an estimated 705 million tonnes of CO2 would be released each year – more than 1.3 times Australia’s current annual emissions.

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KEY FINDINGS

Tackling climate change effectively means that existing coal mines will need to be retired before they are exploited fully and new mines cannot be built.

The Galilee Basin coal could emit more than Australia’s entire emissions each year.

Potential export markets for Galilee coal are rapidly dwindling as the world moves away from coal toward renewable energy.

There are increasing signs from global investors that they consider Galilee coal too risky of an investment.

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