Report
How an accounting shift could conceal millions of tonnes of coal mine emissions
Publisher
Corporate environmental reporting
Resources industry
Emissions reduction
Carbon emissions
Coal
Financial disclosure
Australia
Resources
| Attachment | Size |
|---|---|
| How an accounting shift could conceal millions of tonnes of coal mine emissions | 2.05 MB |
Description
This report investigates the historical implementation and potential implications of expanding the current application of company-led reporting for open-cut coal mines across Australia. It does so through an assessment of eight operating and two proposed coal mines, and a comparison of emission reporting under respective state-based emissions factors.
The report argues that a proposal for open-cut coal mines to self-report their emissions, without external review, transparency, verification could further undermine reporting standards and reward coal miners in the process.
Key findings
- Close to 8.5 Mt CO2-e (metric tons of carbon dioxide equivalent) has been erased after three coal mines shifted their reporting methodology since the Safeguard Mechanism began.
- Company-led estimates have reported fugitive emissions up to 135 times less than state-based estimates.
- By 2050, under-regulated reporting could erase 47 Mt CO2-e from only two coal mines if expansion plans are approved.
Publication Details
Copyright:
Ember 2024
Access Rights Type:
open
Post date:
2 Jul 2024
