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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
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
Access Rights Type:
open