January 2016
Mining Boom-tish
The first episode of The Australia Institute’s exciting new podcast series Follow The Money looks at the economics behind Australia’s mining boom. You can subscribe to Follow The Money on iTunes. Contributors: Richard Denniss Rod Campbell Francis Keaney Find us on Twitter/Facebook. In Follow The Money, The Australia Institute explains the economy in plain English. We’ll bust some economic
Back 100% renewables and moratorium on new coal mines: voters in key Coalition seats
Key Liberal and National party electorates back a switch to 100% renewables by 2030 and a global moratorium on new coal mines, according to new ReachTEL polling commissioned by The Australia Institute. A moratorium on new coal mines received between 50-57% support with opposition to the proposition ranging between 23-33% by voters in the seats
December 2015
Key Coalition seats back 100% renewables and moratorium on new coal mines: poll
Conservative electorates back a switch to 100% renewables by 2030 and a global moratorium on new coal mines, according to new ReachTEL polling commissioned by The Australia Institute. A moratorium on new coal mines is backed by voters in heartland conservative Liberal and National party seats. “Proposals to control the expansion of coal mining were
The great coal fire sale heats up
Originally published in the Australian Financial Review – here. The differences between rugby league and rugby union, like the differences between the disciplines of economics and finance, can seem obscure to those who aren’t fans of either. Subtle though they may be, small differences can have big impacts on the end result. Indeed, those small
November 2015
International open letter calls for moratorium on new coal mines
World renowned scientists and economists back Kiribati President’s call for No New Coal Mines in open letters published in Saturday’s Guardian UK and this month’s global edition of New Scientist magazine. Former NASA Goddard Institute Director Dr. James E. Hansen, Dr. David Suzuki, Nobel Laureate in economics Professor Kenneth Arrow, Professor Hans Joachim Schellnhuber, and
Unconventional gas bad news for business and jobs: Report
A new report by The Australia Institute shows that local businesses in unconventional gas regions in Queensland believe that gas development led to deterioration in their finances, local infrastructure, social connections and labor force skills. The analysis of mostly gas industry funded research also highlights survey results by the CSIRO that found less than a
Carmichael vs The World
The proposed Adani Carmichael mine would produce carbon emissions comparable or greater than major world cities and whole nations. The data reveals that The Carmichael Adani mine would single-handily produce almost twice the emission of Tokyo – a city with a bigger population than Australia. The report from The Australia Institute also reveals the coal
Moratorium on coal mines makes sense for all
First published in The Australian Financial Review – here. If you think that world demand for coal is going to grow in the coming decades, then it makes sense to build the 50 new coal mines proposed for Australia. And if you think that the world will continue its shift away from coal, then it
October 2015
61 prominent Australians back no new coal mines
61 prominent Australians have signed an open letter backing the President of Kiribati’s call for a moratorium on new coal mines. The letter, published in today’s Sydney Morning Herald, calls on French President, Francois Hollande and world leaders to put coal exports on the agenda at the 2015 Paris COP21 climate summit. Signatories include former
Kiribati to Sweden: Stop Australia’s coal catastrophe
As Sweden debates how best to get out of the coal mining business, Australia is debating how best to subsidise the world’s largest export coal mines. Just last week the Australian Federal Government approved the enormous Adani/Carmichael coal mine which, at 40 kilometres long and 10 kilometres wide, is bigger than Gothenburg. The Australian Government
Push to ban new coal mines makes strange allies
Originally published in the Australian Financial Review – Here. Like politics, economics often throws up some unusual allies. Take, for example, the recent call for a global moratorium on new coal mines by Kiribati’s President Anote Tong. Were such a restriction on the supply of coal to go ahead the biggest winners would be, you
Gifts, donations for access, cosy relations: Report on mining approvals in Queensland
With the Queensland Labor Government still to make a decision on the controversial Acland coal mine expansion, as well as finalising the terms of reference for the inquiry into political donations which the Annastacia Palaszczuk promised to Peter Wellington in order to form government, a report released today paints a disturbing picture of the lack
September 2015
No taxpayer coal bank: Polls show Australians back subsidies switch
As new Resources and Energy Minister Josh Frydenberg announces that the $5 billion Northern Australia fund could be used to subsidise coal projects, including the Adani mine in the Galilee, research shows support ranging from 65% to 78% for a policy shift. According to a series of polls, commissioned by The Australia Institute as part
Tony Abbott’s policy muddle was clear to all
First published in the Australian Financial Review – here It’s bizarre that people blame Tony Abbott’s demise on his inability to communicate. He was a great communicator, and people knew exactly what he stood for. No politician was as relentlessly ‘on message’. Abbott’s problem wasn’t the clarity of his message; it was the incoherence of
Novocastrians Back Council Investment Decision
Polling conducted over the weekend shows strong local support for the Newcastle City Council’s decision to include environmental and socially responsible factors together with financial returns in their investments. 47.3% of Novocastrians supported the council’s decision, while 24.8% were opposed. Additionally, the majority (51.9%) of respondents to the ReachTEL polling thought that coal investments were
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
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
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
Coal: A Prime Ministerial love story
Politics Tony Abbott picks his fights, and loves, on the basis of the enemies he will enrage. This time he’s decided to love coal, but he has also enraged key sections of the National Party. First published in the Australian Financial Review – here. As the coal price continues to fall, the financial case for
June 2015
BCA lost plot on green energy
First published in The Australian Financial Review, 30 June 2015 – Here The Business Council of Australia once defended free markets, but now it and others only support reforms that help its big business friends. If the Business Council of Australia (BCA) was serious about reducing government waste it would have slammed the recent announcement
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
Abbott blind to coal’s decline
While Norway’s decision to divest its $900 billion sovereign wealth fund from coal shares sent shock waves around the financial world, it was the way the Norwegian parliament made the decision that is truly radical. Norway has a conservative minority government, but the idea to sell out of coal started with an NGO, was taken
Mine not yours: Minerals industry attacks environment groups
The mining industry is furious that if you make a donation to an environment group, your donation is tax deductible. You know the drill. You give someone in a koala suit anything over $2, they give you a receipt and go off to save an owl, hug a tree or, more likely, make a submission
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.
Miners don’t really like a debate
Tax policy Resources companies and lobby groups are lobbying a parliamentary inquiry to strip political climate groups of their charity status. But resources companies can deduct the money they pay to their industry groups from tax. Speech isn’t free in Australia. It isn’t even cheap. Corporate Australia spends billions telling the public, and our politicians,
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,
Why less is more for Australian iron ore exports
A little bit of economic theory is a dangerous thing, and many of the people defending what BHP and Rio Tinto have done to the price of iron ore are demonstrating that they have very little economic knowledge indeed. Economists usually don’t like cartels, or other forms of producer protections, as they help producers and
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
General Enquiries
Emily Bird Office Manager
mail@australiainstitute.org.au
Media Enquiries
Glenn Connley Senior Media Advisor
glenn.connley@australiainstitute.org.au