July 2020
“CSIRO” report misleads on fracking risks
A study purported to be from the CSIRO that showed that fracking was “safe for the environment” was actually overseen by the gas industry, and was based on just six of Queensland’s 19,000 coal seam gas wells, according to new analysis by The Australia Institute. The report was published by the Gas Industry Social and
Big Win for Energy Consumers, Market: 5 Minute Settlement Rule Delayed Just 3 Months
The Australian Energy Market Commission (AEMC) has announced that it will delay the implementation of its crucial ‘five minute settlement’ rule by just three months, due to COVID-19. The Australia Institute has opposed any excessive delays to the implementation of this rule, such as those proposed by incumbent energy generators, and welcome this decision from
Fracking can’t fire up NT manufacturing
Research published today by The Australia Institute highlights that employment in gas-related manufacturing declined while gas in the Northern Territory was very cheap. Fracked gas will be far more expensive, making petrochemical manufacturing in the Territory unviable without massive taxpayer subsidy. Key findings: The NT Government’s Power and Water Corporation had large surpluses of gas
Dirty Secret: Fossil Fuels Worst Performing Sector in the Stockmarket
Research published today by The Australia Institute shows that fossil fuel stocks have been the worst performers in the Australian stock market over the last decade. Fossil fuel stocks have lost around half their value in the first quarter this year with the COVID crisis compared to 23% for the wider market, continuing a decade-long trend of
June 2020
Dramatic Fall in Petroleum Emissions: National Energy Emissions Audit
New research shows that Australia’s pandemic response has reduced transport emissions by over 3,000,000 tonnes (3 Mt CO2-e), due to an unprecedented drop in the consumption of petroleum fuels during April—falling by 77% for domestic aviation, and a combined 36% drop for petrol, LPG and retail diesel. The Australia Institute Climate & Energy Program has
VIC Gas Emissions Soar to Highest in Decade
While the coronavirus pandemic has reduced energy consumption in sectors such as transport and aviation, new research shows that in Victoria gas use during April was higher than in any of the preceding ten years, resulting in about 200 thousand tonnes more emissions. The Australia Institute Climate & Energy Program has released their latest National
Eden-Monaro Polling: Economy and Climate Change Major Issues for By-Election
New research from The Australia Institute has found that the economy and climate change are the two most important issues for voters in the seat of Eden-Monaro, with a majority of voters saying economic stimulus following the COVID-19 crisis should also address and build our resilience to climate change. The Australia Institute commissioned uComms to
Getting Off Coal: Orderly, Early Transition to Minimise Impact for Australian Economy
New research from The Australia Institute’s Climate & Energy program has shown that an orderly approach to phasing-out thermal coal would shield Australian workers, communities and the economy from the negative consequences of an unmanaged transition. The study, written by John Quiggin, Professor of Economics at The University of Queensland, found that a managed transition
Delaying Energy Market Reform to Increase Costs, Slow Transition to Renewables: Think Tank, Industry Leaders
The Australia Institute has been joined by energy and technology leaders in opposing proposed delays to energy market reforms, including the determination on ‘Five Minute Settlement’ (5MS). The Australian Energy Market Commission (AEMC) is currently considering whether to delay the implementation of this important market modernisation measure by 12 months, from July 2021 to July
Demand Response Rule Change: Electricity market competition will reduce prices, help with summer heatwaves
The Australia Institute, Public Interest Advocacy Centre and Total Environment Centre today welcomed a ‘demand response’ reform of Australia’s electricity market that will improve reliability and reduce prices for consumers. The groups also welcome the AEMC’s decision to maintain the early, 2021 implementation date for the rule which they had advocated for. The three organisations,
May 2020
Black holes and Keynesians
The government has been talking as if it understood Keynesian economics, but its reaction to the $60 billion JobKeeper black hole shows they clearly do not think or act like Keynesians. Richard Denniss unpacks the spectacular failure of policy and accountability, as well as explaining what Keynesians economics actually means.Visit tai.org.au for our latest pandemic
The role of climate action in rebuilding after the pandemic with Zali Steggall
In this episode we talk to Zali Steggall, the independent member for Warringah, about the role of climate action in rebuilding after the pandemic, with Richie Merzian the director of the Australia Institute’s Climate & Energy program. From the Australia Institute’s ‘Economics of a Pandemic’ webinar series.Visit tai.org.au for all our latest research and analysisHost:
The Australian Government response to the pandemic with Greg Hunt
Health Minister Greg Hunt in conversation with our chief economist Richard Denniss, as part of the Australia Institute’s Economics of a Pandemic webinar series. This was recorded live on Tuesday 19th May 2020 and things may have changed since recording.Note: Due to some technical difficulties, the Minister joined the webinar a few minutes late, so
Cynical Delay Tactics from Coal, Gentailers Threaten Energy Market Reforms
Incumbent energy generators and retailers are attempting to use the COVID-19 pandemic to delay essential market reforms that would improve reliability, reduce emissions and put downward pressure on prices for Australian energy consumers, The Australia Institute has said. New research from The Australia Institute’s Climate & Energy Program shows that, instead of delaying energy market
The other global crisis: climate change
Energy Minister Angus Taylor is talking about a ‘gas-led recovery’ which would not only make electricity prices higher, but would obviously make climate change worse, so in this episode we talk to director of the Australia Institute’s Climate & Energy Program, Richie Merzian, about the other global crisis we’re facing: climate change.Visit tai.org.au for all
Nev Power Should Answer to Oversight Committee on Gas Agenda
The Australia Institute has called for close scrutiny of the Prime Minister’s gas-industry linked National COVID-19 Coordination Commission. It follows news that Nev Power, handpicked Chair of NCCC, is not scheduled to appear for questioning by Senators at the oversight committee hearing on Wednesday. Senators’ questions will go instead to a public servant. “There is
Pandemic Response Impact on Electricity Emissions Minimal: National Energy Emissions Audit
While the COVID-19 pandemic response has led to massively reduced emissions by the transport sector, new research shows the same cannot be said for the electricity sector—which has only seen a slight decrease in emissions over the past month—confirming the need for strong structural and legislative reforms to reduce emissions in the electricity sector. The
Frackers are slackers: $94 million in subsidies to onshore gas in the Territory
Research published today (Tuesday May 12) by The Australia Institute highlights the extent of taxpayer assistance to the onshore oil and gas industry in the Northern Territory. NT Government budget papers reveal that over the last decade $94 million in subsidies and assistance measures have benefited the industry. Key findings: The NT Fracking Inquiry recommended
A renewably powered manufacturing sector with Ross Garnaut
Today’s episode is from one of our ‘Economics of a pandemic’ webinar series, featuring Professor Ross Garnaut, renowned economist and author of Superpower: Australia’s Low-Carbon Opportunity.Professor Garnaut was in conversation with economist and director of the Australia Institute’s Centre for Future Work, Jim Stanford, and Dan Nahum – economist at the Centre for Future Work
April 2020
Undermining New Investment – Problematic UNGI Program without Legal Foundation
The Auditor General has been asked to investigate the Commonwealth Government’s Underwriting New Generation Investment Program (UNGI), which threatens to undermine investment in the essential power sector. New research by The Australia Institute’s Climate & Energy Program reveals the Government’s flagship program to generate more electricity has no legal foundation, formal guidelines, assessment criteria, procurement
Victorian Government ignores up to 88% of true emissions from new onshore gas
Analysis by The Australia Institute shows that Victorian Government’s key report used to approve onshore gas mining appears to have underestimated the greenhouse gas emissions from new sites by up to 88%. The Victorian Gas Program Progress Report no.4 does not count emissions from the ultimate combustion of the gas, emissions from methane leakage or
Green Light for Hydrogen – SA Backs Renewable Energy Exports
New research from The Australia Institute has found that South Australians only support the creation of a hydrogen energy industry in the state if it uses renewable sources of energy. The research was undertaken between March 3rd and 6th 2020, following a summer of disastrous bushfires across Australia and the state. Key findings: – Four
Commercial Aviation Emissions Could Halve Due to COVID19
Commercial aviation emissions in Australia could drop by over half in 2020 as a result of the COVID19 pandemic, according to new research from the Australia Institute Climate & Energy Program. The global effort to rein in the impact of COVID19 has seen an unprecedented and indefinite grounding of commercial aviation fleets in countries across
March 2020
Climate Solutions Fund Saved from Propping Up Coal
A review into the Federal Government’s Climate Solutions Fund has dismissed calls by coal lobbyists to water down provisions for high-polluting facilities, like coal-fired power stations, to access dedicated climate funding for upgrades. The facilities method review by the Emissions Reduction Assurance Committee (ERAC) considered and dismissed removing the threat of criminal sanctions on coal executives who access
Victoria Gets Power to Clear Energy Network Roadblocks
The Australia Institute welcomes the Victorian Parliament passing Government legislation giving the Minister for Energy the power to fast-track the building of transmission infrastructure necessary to ensure reliability of supply. “Last night the Victorian Parliament gave the Energy Minister the power to lead where COAG Energy Council is too slow and quickly upgrade Victoria’s electricity
Highly Misleading Jobs and Emissions Claims Used to Justify Victorian Onshore Gas
As the Victorian Government announces it will allow over 100 gas wells on some of Victoria’s prime farmland, Australia Institute analysis of the Government’s own Victorian Gas Project Progress report finds the decision is based on misleading claims that exaggerate benefits, understate costs and ignore alternatives. The Government’s Victorian Gas Project Progress report reveals only
Statement on NSW Scope 3 Emissions Bill Inquiry Report
The NSW Upper House Planning and Environment Committee has recommended rejection of a NSW Government bill on coal mines and their downstream, or ‘scope 3’ greenhouse emissions. The Committee’s report finds that “considering downstream greenhouse gas emissions supports international agreements aimed at reducing emissions and combating climate change”, including the Paris Agreement ratified by Australia
Tasmanian Hydrogen Plan: Good for Tasmania and Good for the Planet
The Australia Institute welcomes the Tasmanian Government’s announcement to invest into the hydrogen industry. ‘Green’ hydrogen is produced by splitting water molecules into hydrogen and oxygen through a process of electrolysis. “Hydrogen has been touted as a renewable energy source, but that is only true if the energy used to create it in the first
Australian Summer Now Over One Month Longer
New research from the Australia Institute Climate & Energy Program shows that the Australian Summer is getting longer and Winter is getting shorter, due to global warming. The Australia Institute analysis uses Bureau of Meteorology (BoM) data to track changes in daily temperatures that mark the beginning of each season over the sub-tropical and temperate
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