Report warns if $56bn worth of developments go ahead, it could threaten the goals of the Paris climate deal and lead to billions of dollars in stranded assets.

A report has found that if the gas pipelines that Australia has in development go ahead it had the potential to allow nearly 5bn tonnes of CO2 emissions into the atmosphere. Photograph: Jens Buettner/AP

Australia has $56bn worth of gas pipelines in development that, if all built, would be expected to allow pumping of greenhouse gases equivalent to 33 coal-fired power stations, an analysis has found.

The report by the Global Energy Monitor, an anti-fossil fuel research group based in San Francisco, said there are more than US$1tn ($1.3tn) in oil and gas pipeline projects on the books globally.

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