By: Greenpeace | Ria Voorhar & Lauri Myllyvirta
Published: January 2013
"In 2020, the emissions from the 14 projects in this report –if they were all to go ahead – would raise global CO2 emissions from fossil fuels by 20% and keep the world on a path towards 5 to 6¬∞C of warming." Burning the coal, oil and gas from these 14 projects would significantly push emissions over what climate scientists have identified as the ‚Äúcarbon budget," the amount of additional CO2 that must not be exceeded in order to keep climate change from spiraling out of control.
The mega dirty energy projects in this report range from the development of risky unconventional sources of oil in the tar sands of Canada,in the Arctic, in the ocean off the coast of Brazil, in Iraq, in the Gulf of Mexico and in Kazakhstan, massive expansion of coal mining in China, to large-scale expansion of coal exports from Australia, the U.S. and Indonesia. The magnitude of CO2 from these projects in the next few years would push the climate beyond the Point of No Return, locking the world into a scenario leading to catastrophic climate change and ensuring that we run out of time.