August 2015
Treasurer brings welcome reality check on Adani coal mine
The Queensland Treasurer, Curtis Pitt, has brought a welcome reality check to discussion about the Adani coal mine, pointing out the danger of overstating the importance of the mine to the state’s economy. Queensland has workforce of 2.3 million people. Adani’s own economic expert has said the mine will create around 1400 jobs, or a
Gas industry economic study just propaganda – with extra graphs!
The latest economic report from gas lobby group APPEA adds to an already enormous amount of industry-commissioned ‘research’ which overstates the value of the gas industry to Australia and the Territory and downplays its environmental impacts and costs to other services. The assumptions behind the economic modelling are unrealistic and the results have been put
The 0.4%
The Abbott Government’s move against environmental law is an unjustified overreaction according to a review of legal action under the EPBC act by The Australia Institute. 3rd party appeals to the Federal Court have only affected 0.4% of all projects referred under the legislation. — Download briefing paper available below — “Proper third party appeals
Environmental scapegoat sought for government’s poor economic performance
Since Tony Abbott took office, 101,900 more Australians are unemployed, but the Prime Minister is determined to create a new scapegoat – that of environmental legal victories – rather than face up to fundamental issues in the economy. “We’re seeing a deliberate effort from the Government to blame environmental law for job losses, despite all
Global moratorium on coal push from the Pacific – an urgent wake up call for Australia
Today’s call by the President of the Republic of The Kiribati for a coal moratorium is a wake-up call for the Australian Government who, only last week, was publicly expressing support for the construction of the enormous Adani – Carmichael mine in Queensland. No New Coal Mines website “As the world prepares to meet in
Calls for code of conduct in wake of extraordinary abuse of economic modelling (August 2015)
The Australia Institute has called for a code of conduct for economic modelling. Today saw the Liberal Government produce modelling suggesting a $660 million economic cost for their climate target a day after the Environment Minister said the Labor climate policy would cost the economy $600 billion. A code would require assumptions to be revealed,
RET scare campaign will be a hard sell
A report from The Australia Institute shows that the Australian public understands and supports what economists have been saying: that increasing the Renewable Energy Target (RET) puts downward pressure on electricity prices. The polling conducted prior to Labor’s 50% 2030 RET announcement showed that more than half of respondents wanted a target of 50% or
SA’s Strange Love of a Nuclear Pipe Dream
The Australia Institute has submitted a report to the inquiry into nuclear power in South Australia has found major flaws in both economic and technological assumptions underpinning the pro-nuclear push. “Nuclear power is not a practical option for South Australia,” Chief Economist at The Australia Institute, Richard Denniss said. “There are some very strange assumptions
July 2015
‘Blue tape’ risks pushing up electricity costs
The Abbott regulations to cut ‘red-tape’ are restricting regulators ability to progress energy saving standards which have delivered big saving to Australian household electricity bills. Australia used less electricity in 2014 than in 2013, or in any year since 2006, despite constant population and economic growth, a new report from The Australia Institute reveals. Households
June 2015
Howard’s fuel excise impact: -$160b, +16m tonnes of CO2
The Howard Government decision in 2001 to cut indexation has cost the budget more than $46 billion in tax revenue to date. If no change is made the total cost to the budget is projected to top $160 billion by 2025. Additional carbon dioxide emissions attributable to the policy are projected to reach 16 million
Queensland’s choice: schools or mining subsidies
Queensland spends less on social services than the rest of Australia in per capita terms, a new report from The Australia Institute has revealed. (Table 1 below) The state is the nation’s biggest spender of public funds in one area though; subsidies for mining projects. Currently public schools face a $268 million maintenance backlog, and
Universities should be divestment leaders: Poll
Most Australians agree universities should avoid investments in fossil fuels, according to the first national polling on the topic released today by The Australia Institute in a new report. The polling also shows university decisions to avoid fossil fuels may boost donations from alumni, while also encouraging people with superannuation to consider low carbon funds.
May 2015
Australian taxpayers’ slice of $10 million per minute fossil fuel subsidies bill
The Guardian reported this morning International Monetary Fund calculations that world fossil fuel subsidies are running at $5.3 trillion dollars annually, or $10m per minute. In Australia, successive state and federal governments have given subsidies in the form of diesel fuel rebates, infrastructure funding and royalties discounts worth billions. TAI director of research, Rod Campbell,
April 2015
Expert evidence given to case against Adani coal mine at Carmichael
Executive Director of The Australia Institute, Richard Denniss, today delivered expert witness testimony to a court challenge of the approval of a major coal mine in the Galilee Basin. Summary: Adani have long claimed in public that the Carmichael mine project will create 10,000 jobs. In court, Adani’s own economist testified that the project would
February 2015
Solar boom ready to go with RET commitment
A new report identifies huge potential investment in solar power, not just wind, is dependent on a stable, strong large-scale Renewable Energy Target (LRET). The Large Scale Solar and the RET report also suggests that a 40% target would provide an earlier tipping point to trigger major solar investment. “Since coming to office, the Abbott
LNP’s $450m taxpayer subsidy to Adani: not required
Indian mining company Adani says its Carmichael coal project in Queensland’s Galilee Basin does hundreds of millions of dollars in taxpayer funds promised to it by the Queensland LNP, raising questions over why such a subsidy was offered in the first place. The $450 million rail subsidy, along with the offer to waive royalty payments
January 2015
Complaint lodged with ACCC over inflated Galilee job figures
Job creation claims relating to coal projects in the Galilee Basin have been inflated by 300%, from 9,000 to 27,000, according to a report by economists at The Australia Institute. The Australia Institute’s Executive Director, Dr Richard Denniss, said the use of input/output modelling used by those championing the Galilee coal projects has been described by the
NSW Gas Demand Could Halve Within a Decade: Report
A new report commissioned by The Australia Institute shows gas demand in NSW could halve within a decade and questions the need for a gas network in NSW. The report, “The Dash from Gas. Could demand in New South Wales fall to half?” by the University of Melbourne’s Energy Institute synthesises recent important research by
December 2014
Majority of Australians favour solar and wind-powered future
New research from the Australia Institute finds that the health and environmental impacts of wind and solar technologies are far less detrimental than fossil fuels. Two reports were released today, examining the impacts of, and broad public attitudes toward, wind power and solar energy. They find Australians are overwhelmingly more interested in a future fuelled
November 2014
Will new trams and trains keep up with fast growing demand in Melbourne?
The Victorian Liberals’ announcement of $3.9 billion for new trams and trains over the next 10 years appears unlikely to meet growing demand, according to analysis of the announcement from the Australia Institute. The “Napthine Government [is] building better public transport for a growing population,” the Victorian Liberals said in a press release last week.
Industrial users playing blind to the benefits of RET for Tasmania
The Renewable Energy Target is a big win for Tasmania, drawing in a net benefit of more than $100 million per year, according to a new report from the Australia Institute. But unscrutinised and unfounded claims from Tasmania’s largest industrial firms, who vocally oppose the scheme, have skewed public perceptions, the report finds. Released today, The
Leyonhjelm’s plan for a State Government electricity tax
The latest plan to renege on the 41,000 GWh renewable energy target (RET) is even worse for consumers than the plans modelled by Dick Warburton’s recent inquiry, according to an analysis by The Australia Institute. A new proposal from NSW Senator David Leyonhjelm recommends existing hydro electricity generators built before the RET become eligible for
September 2014
Facts about the NSW Minerals Council Debate
Richard debated Stephen Galilee, the head of the NSW Minerals Council on 7.30 NSW regarding their recent attack on our research into mining subsidies. This material sheds light both on our approach to our research and the disingenuous approach taken by the NSW Minerals Council.
MR: Australia Institute calls on the Minerals Council members to come clean and apologise
The Australian Institute says the Minerals Council members – the large, mostly foreign-owned, mining companies – should explain the attacks on The Australia Institute. The Minerals Council has claimed that The Australia Institute is being directed by a political party. This is untrue and defamatory. The Minerals Council should immediately desist from making such claims
July 2014
What to make of Palmer’s gambit – A message from Ben Oquist
Last week was another big week for The Australia Institute. You might have seen that we launched another major research report, Mining the Age of Entitlement, this time on the $17.6 billion worth of taxpayer support that State governments have given the mining industry. You might have seen Ben Oquist’s name mentioned in relation to
June 2014
Age of entitlement lives on: Report exposes billions in government handouts to mining
Age of entitlement lives on: Report exposes billions in government handouts to mining State governments are providing billions of dollars in subsidies to the minerals and fossil fuel industries, a new report by The Australia Institute (TAI) has revealed. The report exposes the massive scale of state government assistance, totalling $17.6 billion over a six-year
MR: Coal not vital to economic success of Hunter Valley
A strong majority (83%) of Hunter Valley residents do not want to see the coal industry expand, while 41 per cent would like to see it decrease or be phased out, a new research paper by The Australia Institute finds. Seeing through the dust: Coal in the Hunter Valley economy will be launched at 10.30am,
April 2014
MR: Warkworth decision another blow for dodgy economic modelling
Today’s Supreme Court judgement reinforces the view that the economics of Rio Tinto’s Warkworth project have never stacked up for NSW or the people of Bulga, according to The Australia Institute. Two economists from The Australia Institute, Dr Richard Denniss and Rod Campbell, gave evidence in Bulga’s successful Land and Environment Court case against the
March 2014
MR: Public wants more CSG regulation and more federal intervention
One in two Australians want more regulation of coal seam gas, while 71 per cent think the federal government should be responsible for regulating the industry rather than individual states, according to new research by The Australia Institute. Fracking the future: Busting industry myths about coal seam gas will be launched today by former Independent
MR: TAI Coal Submission Censored
The NSW Department of Planning and Infrastructure has censored parts of The Australia Institute’s submission on the Terminal 4 coal project. The Institute’s submission focuses on the economic assessment of the project and highlights a number of flaws in the economic modelling. Almost a page of text showing the relationship between an “independent” reviewer of
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