IPCC calls for death of coal by 2100

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From The Australian:

BURNING coal for electricity must be eliminated by 2100 unless carbon dioxide emissions are captured and stored, according to a key report by the Intergovernmental Panel on Climate Change.

The IPCC Synthesis Report brings together the findings of three major documents produced by thousands of scientists, which found human influence on the Earth’s climate system was clear and growing but could still be kept within a manageable range.

The report acknowledges the rise in global average surface temperatures has slowed or “paused” over the past decade but says this does not override the long-term upward trend.

It says to keep global temperature increases below 2C, carbon dioxide emissions need to be cut by between 40 per cent and 70 per cent from 2010 levels by mid-­century and to zero by 2100.

To achieve this, renewable energy, nuclear, and carbon capture and storage would increase their share of energy supply from 30 per cent today to more than 80 per cent by 2050 and 90 per cent by 2100. To keep global temperature increase below 2C, “fossil fuel power generation without CCS is phased out almost entirely by 2100”, the report says.

The chart:

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Something of a headwind for coal, there…

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Full report here.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.