Old tyres could be used as an energy source, as a material for roads and pavements, or they could be broken down by Pyrolysis technology to cut the emissions associated with the industry, according to a new report.
Melbourne City councillors last night strengthened and unanimously backed a proposal to use its tendering procedures to quiz banks on their support for fossil fuels.
New reports from an Australian group representing funds that manage more than $900 billion warn oil and gas reserves might have to remain unexploited and urge investors to seek climate change risk assessments from owners of large mines.
The head of the International Energy Agency told last week's major economies meeting in Hawaii a "CO2 incentive" of US$200 a tonne would be needed to deliver a 50% cut in emissions by 2050, the IEA revealed yesterday.
Meanwhile, the head of Australia's mining union, Tony Maher, has canvassed the creation of a new climate change pressure group and has urged resource companies to massively boost their spending on carbon capture and storage.