“Last month, the IEA said no new coal mines were ‘required’ in its pathway to 1.5C. UNEP last year said coal output should fall 11% each year to 2030. But proposals to build hundreds of new coal mines could raise global output of the fossil fuel by 30%.” carbonbrief.org/guest-post-hun…
“We found more than 400 new mine proposals that could produce 2,277m tonnes per annum, of which 614Mtpa are already being developed. The plans are heavily concentrated in a few coal-rich regions across China, Australia, India and Russia.”
“If they all went ahead, the new mines could supply as much as 30% of existing global coal production – or the combined output of India, Australia, Indonesia and the US.”
“Plans to massively boost coal production are, therefore, incompatible with the 1.5C limit. Alternatively, if global climate goals are to be met, the estimated $91bn of investment in the proposed mines could be left stranded.”
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