May 2022
APPEA members pay no income tax on income of $138 billion
New analysis of data published by the Australian Tax Office (ATO) shows that five of the gas industry’s most prominent companies have paid no income tax for at least the past seven years, despite a combined income from their Australian operations of $138 billion. Four of the five members of the Australian Petroleum Production &
An Australian COP29
Australia has never hosted a United Nations climate conference (COP) and the recent proposal from the Labor Party to bid for the 2024 COP in partnership with the Pacific could shift Australia’s reputation from climate laggard to regional leader. Hosting a COP would also have a number of economic, diplomatic and security co-benefits. This was
Hosting UN Climate Summit Could Ease Pacific Tensions: Report
A new research report released today has found that by hosting the UN’s largest climate event (COP29 in 2024) in partnership with Pacific neighbours, Australia could ease diplomatic tensions in the region, in addition to tackling climate change and stimulating local tourism and hospitality. The report comes as Australia’s relations with the Solomon Islands have
Restoring Integrity in the Carbon Market
Speech delivered by Ben Oquist, executive director of the Australia Institute, to the Smart Energy Conference 2022, 5 May 2022 E&OE transcript I would like to acknowledge the Gadigal of the Eora Nation, on whose stolen land we meet, and pay my respects to elders past and present. And I extend this respect to all Aboriginal
Renewed Call for Review of $4.5 Billion Carbon Credit Scheme
The Australian Government’s controversial $4.5 billion Emissions Reduction Fund (ERF) has today come under renewed calls for a root-and-branch review. The call comes following revelations by the former chair of the Australian Government’s Emissions Reduction Assurance Committee that up to 80% of Australian carbon credits lack integrity. A new research report, launched today by the
April 2022
Coal Prices & Breakdowns Drive 140% Increase in Electricity Prices in 12 Months
Today’s Quarterly Energy Dynamics report (QED) from the Australian Energy Market Operator (AEMO) reveal electricity prices have increased 140 percent in the last 12 months, mainly driven by high coal prices and breakdowns at coal power stations. Price rises have been highest in the most coal dependent states of NSW and Queensland. Queensland prices are currently
Carbon Capture and Storage Fuels More Net Zero Fraud
“Australia Institute research shows the Net Zero by 2050 plan is a fraud while it continues funding technologies that extend the use of gas and coal, and increasing Australia’s emissions,” said Richie Merzian, climate & energy program director at the Australia Institute. “Carbon Capture and Storage (CCS) technology has failed to meet every major target
The election campaign needs to tackle climate change
In the week before the election campaign began the IPCC released its latest report that contained warnings that deep, rapid and sustained emissions reductions are needed to prevent temperatures from rising 1.5C or 2C above pre-industrial levels.
Australia 91% reliant on foreign oil: Research Report
A new research report by The Australia Institute has revealed the country has only increased its reliance on imported transport fuels since the federal government released its dire interim Liquid Fuel Security Report in early 2019. The research finds that Australia’s transport fuels are highly vulnerable to international prices and supply chains and yet demand-side
Government Energy Claims Don’t Stack Up
“Australia’s electricity grid is not fit-for-purpose and requires additional investment. The long-term benefits include a more stable grid and cheaper power prices thanks to onboarding more renewables,” said Richie Merzian, Climate & Energy Program Director at the Australia Institute. “The evidence shows that wholesale electricity prices have increased in every jurisdiction in the National Electricity
Federal Coal Closure Changes No Substitute for Real Roadmap
Statement in response to Federal Government announcement it seeks to delay coal fired power plant closures by introducing new rules that five years’ notice must be provided before closing power stations. “What we are seeing is another knee-jerk reaction from Minister Taylor because Australia’s Energy Minister was left out of key negotiations on Australia’s largest
Tidal Wave of Alarm for Tassie Oceans Amid Landmark Marine Law Review: Research
An overwhelming majority of Tasmanians (76%) are concerned about the dire state of Tasmania’s coastal waters and oceans amid a landmark law review aimed at protecting the marine environment and economy, according to new research from the Australia Institute Tasmania. The new polling supports the Australia Institute Tasmania’s call for a marine law overhaul, contained
IPCC Report Shows Road to Safety, Aust Govt stuck on Highway to Climate Disaster
“The IPCC has released a definitive guide to halting climate change. The tools are available to keep global warming to 1.5 degrees, what is missing is the political ambition to meet this challenge,” said Richie Merzian, climate & energy program director at the Australia Institute. “The cost of technologies with the greatest potential to reduce
Narrabri Coal Mine Approval No Joke for Climate
“Today’s decision by the NSW Independent Planning Commission (IPC) decision to approve this coal mine is no joke for our climate,” said Rod Campbell, Research Director at The Australia Institute. “The IPC has got it wrong on climate, tax and economics. The decision to approve Whitehaven Coal’s Narrabri mine extension to 2044 is reckless and
March 2022
Fuel Excise Cut ‘Bad Economic Policy’
The Federal Government Budget 2022 has cut the fuel excise by 22 cents for a six month period. “The fuel excise cut is bad economic management, bad economic policy, and bad policy full stop,” said Richie Merzian, climate & energy director at the Australia Institute. “For the last nine years this government has kept Australians
Are fossil fuel subsidies ending or accelerating?
Australia has committed to reach net zero emissions by 2050. The United Nations Secretary General has said that it’s time to end fossil fuel subsidies, so are fossil fuel subsidies in Australia ending or accelerating? The Australia Institute has crunched the numbers. This episode was recorded on Tuesday 29 March 2022, prior to the federal
Australian fossil fuel subsidies surge to $11.6 billion in 2021-22
Fossil fuel subsidies cost Australians a staggering $11.6 billion in 2021-22, an increase of $1.3 billion in the last year, according to new Australia Institute research.
Carbon Offset Regulators Dominated by Oil and Gas Industry: FOI Documents
New research released by The Australia Institute reveals the extent to which fossil fuel companies and other big emitters influenced the Clean Energy Regulator (CER)’s carbon offset rules around carbon capture and storage (CCS) projects.
Dodgy carbon credits and dirty hydrogen
Instead of rushing to end fossil fuels, there is going to be a gold rush for carbon offsets, dirty hydrogen and carbon capture and storage (CCS), all designed—not to stop climate change, but—to actually drive up the consumption of coal, oil and gas. This episode was recorded on Tuesday 22 March 2022 and things may
Time to Scrap SA’s EV Tax as Petrol Prices Surge
The new South Australian Labor Government has been encouraged to move ahead with its promised scrapping of the state based EV Tax sooner rather than later, due to the rapidly increasing cost of petrol and confirmation that the Federal Government is considering options for a national tax on electric cars. Background: Laws introducing a South
The era of the great carbon fraud is upon us
We are entering the great era of carbon fraud. Instead of rushing to end fossil fuels, there is going to be a gold rush for carbon offsets, dirty hydrogen and carbon capture and storage (CCS), all designed not to stop climate change, but to actually drive up the consumption of coal, oil and gas. There
Who pays for the cost of climate change?
Climate change is making natural disasters like fires, floods, heatwaves and drought more frequent and more extreme. In today’s episode we discuss a levy on fossil fuels to help pay for the damage.
All of us pay for natural disasters like Qld and NSW floods
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’
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,
The Big Switch with Saul Griffith [webinar]
Australia’s electric future as the most prosperous, entirely renewable, economy in the world
Largest coal plant to close early, but where is the national roadmap to manage the rest?
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
HeatWatch: Penrith Could Face Nearly Two Months of Extreme Heat Per Year
Extreme heat days over 35 degrees are projected to increase five-fold in Western Sydney, where areas such as Penrith could experience up to 58 days (almost two months) of extreme heat per year. This landmark HeatWatch report is by the Australia Institute Climate & Energy Program is in partnership with Sweltering Cities. HeatWatch uses CSRIO-BoM
Australia could be a sustainable Electric Vehicle Manufacturing Powerhouse
Rebuilding Vehicle Manufacturing in Australia
General Enquiries
Emily Bird Office Manager
mail@australiainstitute.org.au
Media Enquiries
Glenn Connley Senior Media Advisor
glenn.connley@australiainstitute.org.au