The world is quickly reaching a Point of No Return for preventing the worst impacts of climate change. Continuing on the current course will make it difficult, if not impossible, to prevent the widespread and catastrophic impacts of climate change. The costs will be substantial: billions spent to deal with the destruction of extreme weather events, untold human suffering, and the deaths of tens of millions from the impacts by as soon as 2030.
Emissions are already out of control. According to the International Energy Agency (IEA) global CO2 emissions increased by 5% in 2010 for the largest recorded absolute increase, and went on to grow by over 3% in 2011, exceeding worst-case projections that would lead to 5°C to 6°C of long-term warming.
The 14 dirty energy projects in this report range from massive expansion of coal mining in China, to large-scale expansion of coal exports from Australia, the US and Indonesia, to 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, and to gas production in Africa and the Caspian Sea. They are the biggest dirty energy projects planned in the coming decades.
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