New fossil fuel projects in Australia 2023

Potential emissions from new major coal and gas projects
by Rod Campbell, Mark Ogge and Piers Verstegan

There are 116 new fossil fuel projects on the Federal Government’s annual Resource & Energy Major Project list, two more than at the end of 2021. If all proceed as estimated, they will add 4.8 billion tonnes of emissions to the atmosphere by 2030.

The proposed Safeguard Mechanism would reduce emissions from these projects by just 86 million tonnes—less than 2% of the total emissions. Worse, the Safeguard Mechanism would provide legitimacy to new fossil fuel projects, weakening state imposed conditions and making the projects’ development more likely.

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