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Just as scientists are warning us that we are reaching the point of no return when it comes to stopping climate change, Greenpeace has released a report showing that multiple massive new “carbon bomb” projects are in the works. Fourteen new coal, gas and oil projects in countries from the US to Australia are in progress and if they come to fruition, threaten to add massive amounts of carbon to the global environment.
Called the Point of No Return study, Greenpeace consultancy firm Ecofys calculates that by 2020 these new projects will add 6.3 gigatons of carbon to the environment each year, increasing emissions by 20 percent. That is the equivalent to the same amount of carbon emissions that the United States produces annually.
The largest of these projects include a massive coal project in Northern China and Australia’s quickly growing coal-exportation industry. These two projects alone could account for over 2 gigatons of CO2 each year. Arctic drilling, tar sand oil in Canada and shale gas in the US could add another 1.2 gigatons.
These emissions could result in a 4-degree Celsius rise in temperature by the end of the decade. According to the report, “these projects have the potential to ensure the world is irretrievably on course to suffer extreme weather events, increased conflict, reduced availability of food and water, and potentially catastrophic disruption.” If these projects are allowed to proceed, the impact on our planet could be devastating.
via The Guardian