March 2022

All of us pay for natural disasters like Qld and NSW floods

by Ebony Bennett in Canberra Times

Defence Minister Peter Dutton’s no doubt well-meaning attempt to raise money for Queensland flood victims though a GoFundMe appeal this week revealed two concerning disconnects from reality. One was the Government’s failure to grasp the scope of the new era of climate disasters we now face. The second was a failure to meet expectations for

‘Adaptation saves lives, delay means death’

featuring Alia Armistead and Ebony Bennett

As residents of Lismore tried to escape massive floods on their roofs, the IPCC delivered its latest report on climate impacts as well as adaptation and the news is not good. It warns that Australia faces significant “cascading and compounding” risks due to climate change, including damage from bushfires, floods, drought and sea-level rise. But

‘The science is clear. It’s over to you now’: IPCC Report

“The new IPCC report on climate Impacts paints a dire picture of the reality of climate change now and the limits available to adapt to a warming world. The best response remains rapid emissions reductions while cushioning the impacts through greater research and spending on adaptation. “It’s unbelievable and irresponsible that after all the devastating

February 2022

Basic carbon price makes Narrabri coal mine uneconomic: research

New research reveals the economic benefits of the proposed Narrabri Whitehaven Coal Mine would be reduced to zero in the event a basic carbon price was included in its assessment. In a submission to the NSW Independent Planning Commission, the Australia Institute details how Whitehaven corporation have overstated the economic benefits of the proposed mine,

Largest coal plant to close early, but where is the national roadmap to manage the rest?

by Richie Merzian in The New Daily

Australia’s largest power station is shutting down in 2025, seven years early. Origin Energy, having bought the power station from the New South Wales government less than 10 years ago, now wants to retire its last remaining coal asset. Upon announcement, the Origin Energy CEO stated “the reality is the economics of coal-fired power stations

Australia ready to become sustainable EV-making powerhouse: new research

A unique combination of advantages has handed Australia a historic chance to become a sustainable global manufacturer of electric vehicles – provided the federal government acts swiftly and decisively, according to new research by the Australia Institute’s Carmichael Centre. The new report, Rebuilding Vehicle Manufacturing in Australia: Industrial Opportunities in an Electrified Future, has found Australia

January 2022

Resource Investors Back Electrification Over Fossil Fuels

New research released by The Australia Institute shows that new investment in the resource sector is overwhelmingly focused on electrification minerals rather than fossil fuels. Key Findings: In the last year, 42 companies targeting electrification minerals listed on the ASX compared to just one fossil fuel company. The newly listed resource companies look to produce

December 2021

Time to Plan for and Support Early Coal Phase Out

Statement in response to draft Integrated System Plan 2022 from the Australian Energy Market Operator (AEMO) “The energy market operator has finally mapped out an ambitious energy future aligned with the Paris Agreement. The plan aims to rapidly phase out coal power while increasing energy supply to help electrify everything like our cars, homes and industries.

New Analysis: Most Major Australian Superannuation Funds Invest in Nuclear Weapons Despite United Nations Treaty

New research from the Australia Institute and Quit Nukes reveals most major Australian superannuation funds have holdings in nuclear weapons companies, such as Airbus, Raytheon and Lockheed Martin. While many exclude so-called ‘controversial weapons’, they do not include nuclear weapons in the definition and continue to invest in nuclear weapons companies. Nearly one year into

Labor Climate Announcement Good First Step, But More Action Needed on Fossil Fuels

Labor has announced its climate platform which includes setting a 43% by 2030 emissions target. It has committed to gradually tightening Safeguard baselines from Australia’s biggest polluters, but has not clarified whether these baselines will lead to absolute reductions or reductions in emissions intensity. “An increased 2030 target is a good first step, however the

November 2021

Victorian Government rejection of Gippsland Mineral Sand Mine: Win for Community & Local Economy

The Australia Institute welcomes the decision by Victorian State Minister for Planning Richard Wynne to reject the Fingerboards Mineral Sands project proposed by Kalbar Resources. Rod Campbell, Research Director at The Australia Institute, was an expert witness in the planning hearings that led to the rejection. He was called by community group Mine-Free Glenaladale. “We

COP26 Glasgow Ends: Coal Phase Down Agreed, Glimmer of Hope Remains

“If COP26 is judged on its ability to advance emissions reductions, then Glasgow has already moved the dial forward,” said Richie Merzian, Climate & Energy Program Director at the Australia Institute, from Glasgow. “Attempts to name and shame fossil fuels have been blocked for major fossil fuel producers in the UN, but finally a line

New paper exposes five wealthy countries whose fossil fuel production threatens chances of keeping 1.5ºC hope alive

The Fossil Fuelled 5 examines five wealthy nations – the US, Canada, Norway, Australia and the UK – that have a widening gap between their rhetoric on climate action and their plans to expand the production of fossil fuels. The paper gives a snapshot of how each is undermining global efforts to address the climate

Analysis: Federal Government Net Zero Modelling is Economic Science Fiction

The Australia Institute has reviewed the Federal Government’s newly released Long-term emissions reduction plan: Modelling and Analysis. “The Federal Government’s climate modelling is like economic science fiction,” said Dr Richard Denniss, chief economist at The Australia Institute. “The claimed economic benefits come not from avoiding catastrophic climate change, that is ignored, but from a speculative $50 billion

‘Technology Not Taxes’: a Failure Australia Has Seen Before

The Morrison Government’s plan to reduce greenhouse gas emissions with ‘technology not taxes’ is neither plausible nor original. New Australia Institute analysis shows that back in 1997 the Howard Government announced a similar plan, with no carbon price and no regulatory restrictions on fossil fuels, that failed to deliver more than 400 MT CO2-e of

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