May 2017
Media release: Adani could get free coal costing Qld budget as much as $1.2 billion
Following media report that the Queensland Government and Adani are negotiating a discount on the royalties the company would pay to extract the state/s coal resources, The Australia Institute has calculated the potential cost of a ‘roylaty holiday’ to the taxpayer. The Courier Mail reported that the government and Adani working on this deal: Premier Annastacia Palaszczuk
Adani offers false hope to South Australia
Steel order of 56,000 tonnes would be less than 1% of Whyalla steelworks capacity. Today’s announcement that the Adani coal project would ‘throw a lifeline’ to South Australian steel producer Arrium is the latest piece of deception from a company renowned for breaking its big economic promises. Canberra-based think tank The Australia Institute, which has
NT fracking hope misguided: Economist points out high risks and low returns
The Australia Institute has made a submission to the Northern Territory’s inquiry into fracking and unconventional gas development. The Canberra-based research organisation finds that fracking would reduce energy security and could represent a net economic loss to the Territory. Energy security would be reduced because the NT already has plenty of conventional gas to cover
April 2017
Gas moratorium remains popular with voters
New polling shows that more than twice as many Australians (56%) support moratoriums on fracking as oppose them (20%), despite concerted lobbying from the gas industry to allow them further access to land. The poll, conducted by The Australia Institute, asked respondents if they support or oppose state bans on fracking. Question: Some states and
Coalition should be rejecting populist subsidies for Adani’s rail line
Barnaby Joyce says the federal Coalition’s desire to subsidise Adani’s Carmichael coal mine means the government will attract “some flak” from environmentalists. No doubt there will be, but he might do well to prepare for some friendly fire as well. [This article was first published in the Australian Financial Review – here] The government should expect some flak
Three years too long to wait for 5-minute solution
The Australian Energy Market Commission (AEMC) has acknowledged the need for a key reform in the 5-minute settlement rule, but in the same statement said it does not plan to implement the rule change for 3 years. The ‘5-minute rule’ would help address price spikes and load shedding by changing market price periods. This would
War on renewables has no effect on voters: poll
New polling shows that despite a concerted campaign from sectors of the federal government and coal and gas industries, public support remains very high for renewable energy, and for the strengthening of state and federal targets. The poll, conducted by The Australia Institute through Research now, asked a representative sample of 1420 Australians about renewable
Open Letter calls for straightforward changes to fix ‘energy trilemma’
‘5-minute rule’ identified as key to immediate and responsible fix for peak-load issues. The Australia Institute has today published an open letter to the Prime Minister calling for three market reforms to address the ‘energy trilemma’: security, cost and emissions. The letter appears as a full-page advertisement in the Australian Financial Review. Prominent signatories of
Unpacking The Energy Debate
In episode 17 of Follow The Money, we tackle the current energy debate, including the South Australian blackouts, the war on renewables, what Christmas prawns have to do with baseload power and why the way we heat hot water offends our Chief Economist Richard Denniss. Host: Deputy Director Ebony Bennett // @ebony_bennett Contributors: Chief Economist Richard
March 2017
How to invent a clean energy company
This was first published in EcoGeneration online on 8 March 2017 and in the print edition. The common view of invention is that it is unexpected. The people who do it are extraordinary individuals. There are risk takers but also naturally creative geniuses. Ancient Archimedes came up with his theory of buoyancy by his spontaneous
Murky communication won’t help the clean energy cause
This was first published in EcoGeneration online on 20 Jan 2017 and in the print edition. Prime Minister Malcolm Turnbull put innovation on the national agenda when he defeated PM Tony Abbott in the leadership spill, in September 2015. Turnbull said “We have to recognise that the disruption that we see driven by technology, the
Where did all the rationalists go?
Are there any economic rationalists left in the Australian business community? Where are the fiscal conservatives when you need them? [This article was first published in the Australian Financial Review – here] Hard headed budget hawks are missing in action when it comes to our governments giving a $1 billion subsidy to help build the
Coalition voters asked about energy policy, Adani subsidies
ReachTEL polling for The Australia Institute of Dickson, the seat held by Peter Dutton, has shown strong support for Labor’s renewable energy target and opposition to government backing of the Adani coal mine. Polling of the marginal Queensland electorate showed very strong opposition to subsidies going to the Adani Carmichael mine project. [FULL RESULTS IN
Political pressure risks $5 billion infrastructure fund becoming a barrel of pork
As the $5 billion Northern Australia Infrastructure Facility (NAIF) considers a $1 billion concessional loan to foreign coal company Adani, a new report from The Australia Institute raises major concerns about the NAIF’s political independence, governance, resourcing and public transparency. Widespread media coverage during December that NAIF had ‘conditionally approved’ the $1 billion proposal was
February 2017
Dawson Polling: One Nation surge, support for RET, opposition to company tax cuts
New polling of Dawson, the seat held by George Christensen, conducted by ReachTEL, commissioned by The Australia Institute, shows support for Pauline Hanson’s One Nation party at level pegging with the LNP at 30% of the primary vote. Issue-based questions in the same poll revealed strong support in Dawson for an increase to the renewable
Australia and Indonesia – the OPEC of coal
The Australia Institute says Turnbull must discuss coal with Jokowi Indonesian President Joko Widodo will visit Australia this weekend, as The Australia Institute releases new research on Indonesian energy policy. The Institute has called for coal, energy and climate to be on the agenda for talks with President Widodo. Australia and Indonesia are the world’s
Conservatives And Climate Change With Bob Inglis
Follow The Money this week features former Republican Congressman for South Carolina, Bob Inglis on his Australian tour, hosted by The Australia Institute. Bob Inglis is a very rare bird indeed. He’s a real conservative – Christian, Southern, ‘small-government’, you name it. But his greatest passion is tackling climate change. You heard right! Inglis has
Bob Inglis speech to National Press Club
‘How conservatives can lead on climate action in the age of Trump’ Republican Congressman, Bob Inglis, National Press Club address: We’re in the midst of 2 weeks of travel in your magical land. We’ve been in Sydney where we enjoyed the beauty and the fun of the beach at Manly, the Circular Quay precinct, productive
How the Gospel helped Republican Bob Inglis to champion climate action
In Australia as a guest of Canberra-based think-tank The Australia Institute, former Republican Congressman Bob Inglis had initially assumed that climate change was nonsense. From South Carolina’s Republican heartland, Bob Inglis tells Adam Morton in a Fairfax interview: “I didn’t really know anything about it except that Al Gore was for it, and, as I
The fossil fuel industry and its alternative facts
In a post-truth world, the ability of an industry to generate its own “alternative facts” is likely to be an asset in the short term and a liability in the long term. Indeed, for those who crave certainty and value continuous disclosure, the willingness of some firms to move well beyond simply putting a positive spin on
Dark side of the boom NSW
As the mining boom ends, the mining clean-up boom is beginning. New research from The Australia Institute released today shows that there is minimal information available to the public on how the clean-up is progressing. The report, Dark side of the boom: What we do and don’t know about mines, closures and rehabilitation in New
Liberals heartland rejects PM’s company tax and renewables agenda
New polling conducted by ReachTEL for The Australia Institute of the electorates represented by Malcolm Turnbull and Tony Abbott reveals strong opposition for cutting the tax rate, particularly for larger companies. Both electorates registered more support for increasing the company tax rate than cutting it. In the Prime Minister’s electorate of Wentworth 43% supported an
January 2017
SUMMER SPECIAL President Tong
Welcome to our third Follow The Money summer special! It’s still probably scorching hot if you’re somewhere in Australia, but it’s even hotter in Kiribati. This weeks special features the ‘Hero of the Pacific’, President Anote Tong. President Tong visited Australia as a guest of The Australia Institute ahead of the Paris Climate meeting. He
December 2016
Pocket Money: The Adani Coal Mine
In a special mini-episode we’ve dubbed “Pocket Money” we take a look at the recent developments with Adani’s Carmichael coal mine in Queensland’s Galilee Basin. It’s a straight discussion, without our usual bells and whistles so that we could respond quickly and if you like it, we’ll probably do more of these Pocket Money episodes
Open letter puts unanswered economic questions on Adani project to PM
The Australia Institute have today published an open letter to the Prime Minister outlining the unasked and unanswered economic questions regarding the Adani Carmichael mine proposal and its potential public subsidisation of $1 billion. The letter appears as a full-page advertisement in the Australian Financial Review. The questions put: 1 – Will the Adani mine
Northern Australia Infrastructure Facility should prioritise people and renewables: poll
Australians don’t want their money funding infrastructure for coal and gas companies under the $5 billion Northern Australia Infrastructure Facility (NAIF), national polling released today reveals. The NAIF will spend $5 billion of public funds in Northern Australia on infrastructure that is unable to attract commercial financing, which could include subsidising the controversial Adani Carmichael
New analysis of WA’s $5 iron ore levy proposal
The Australia Institute has assessed the proposal for a $5 levy on iron ore in Western Australia. The policy should be supported as a pragmatic alternative to a resource rent tax. The analysis finds that if the $5 levy had been imposed on relevant production over the last five years it would have raised $11.5
November 2016
Nuclear Dumps
How much is a hole in the ground worth? Australia has considered building a nuclear waste dump many times over the decades. Each time, the proposal has fallen through. This time, in South Australia, proponents are making $100 billion dollar claims. Richard and Rod take a look at those claims and the economics of building
Australians back Timor-Leste in maritime dispute
Australians favour international law to determine Timor maritime boundary between Timor-Leste and Australia, even if that delivers Timor-Leste a substantial share of the oil and gas in the Timor Sea. The poll of 10,271 residents across Australia showed 56.5% support for establishing a maritime boundary in accordance with current international law, with only 17% opposed
Some jobs are more equal than others
When Tony Abbott promised to shed more than 13,000 full time jobs from the public service there was a deafening silence from the Australian business community about the impact of job loss on Canberra communities and families. Likewise, you could hear crickets when Campbell Newman sacked 10,000 teachers, nurses and other Queensland public servants. [First
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