New research has revealed that financial services in Australia will not insure against nuclear accidents, and if developers of nuclear power stations were forced to insure against nuclear accidents, nuclear power would be completely uneconomic. The Australia Institute’s submission to the Inquiry into the prerequisites for nuclear energy in Australia, shows that establishing a nuclear

The state government’s bid to allow multi-year contracts for reserve power in Victoria would help improve reliability, lower the cost of electricity and encourage innovation in demand response. “Longer-term contracts give the right price signal to large industrial users such as gas producers, smelters, cement pulp and paper to offer demand response and other types

Several market and physical challenges exist for a new proposed coal development in Tasmania’s southern midlands, according to a new briefing paper released by the Australia Institute Tasmania today. The company seeking to develop the project, Midland Energy, is looking to raise capital in the U.S.A. where it is claiming coal demand is “rampant” in Asia

by Ebony Bennett[Originally published in the Canberra Times, 05 October 2019] Every spring I fall in love with Canberra all over again. After the biting cold of a perfect Canberra winter – which I enjoy until the last month or so – it’s uplifting to see the naked trees become leafy and green again, and

by Richie Merzian[Originally published on 10 Daily, 01 October 2019] Last Wednesday Prime Minister Scott Morrison took to the world stage, using Australia’s annual address to the United Nations (UN) to talk about the environment. He was two days too late. And everyone at the UN, diplomats and commentators alike, knew it. Having been involved

New research shows Australia is not on track to meet the aims of the National Energy Productivity Plan (NEPP), warning that poor energy productivity is a major cause of both rising emissions and energy costs. The Australia Institute Climate & Energy Program has released the latest National Energy Emissions Audit, analysing the electricity sector over

Research released today by The Australia Institute shows that preparations have not begun on parts of the Adani royalty deal, which is due for completion on Monday 30 September. Key findings The Adani royalty deal allows Adani to defer royalty payments and pay them back at discount interest rates. Estimates for the value royalty-related subsidies to Adani range from

The Australia Institute has found that the Federal Government’s gas policy actually keeps prices high for Australian consumers and recommends a cap on LNG exports in its submission to the review of the Australian Domestic Gas Security Mechanism (ADGSM). The submission finds that the Government’s export gas trigger entrenches high gas prices by allowing LNG

by Ebony Bennett[Originally Published in The Canberra Times] There’s a certain delicious irony to the fact that Parliament House will soon be powered by 100% renewable electricity. It is the same building where Tony Abbott repealed the carbon and did his level best to abolish the hugely successful Renewable Energy Target. The same building where

New research from The Australia Institute has shown that more than half (51%) of South Australians want Adelaide to host a fully electric Formula E Championship race, while just 11% of people oppose the idea. Formula E is an electric motor sport series, similar to Formula 1, which has grown in popularity since its inaugural

by Richard Denniss[Originally Published on Guardian Australia, 18 September 2019] In the same week that the prime minister told chief executives not to get “distracted” by issues like climate change, his National Party colleagues declared war on almond milk. Talk about focusing on the big issues. Needless to say, most business leaders paid as much attention to

The Australian Capital Territory is set to become the first major jurisdiction outside Europe to transition from a fossil fuel-based supply to 100% renewable electricity, according to a new report released to by the Australia Institute Climate & Energy Program. The new research finds that on 1 October 2019, an energy offtake agreement with Hornsdale

Eight in ten Australians (81%) are now concerned about climate change resulting in more droughts and flooding according to a new benchmark report released today by the Australia Institute. The annual Climate of the Nation benchmark report has tracked Australian attitudes on climate change for over a decade. This is the second Climate of the

New research shows South Australia’s success in managing the electricity grid while simultaneously bringing a large volume of renewables into the energy mix, has positioned the state as a world leader in managing renewables transitions The Australia Institute Climate & Energy Program has released the latest National Energy Emissions Audit, analysing the electricity sector over

by Richie Merzian[Originally published in The Canberra Times, 24 August 2019] If fuelling global carbon pollution with fossil fuel exports was an Olympic sport, Australia would get a podium place. New Australia Institute research shows Australia is the third largest exporter of fossil fuels in the world – behind only Russia and Saudi Arabia. This expansive

New research from The Australia Institute has shown that more than 27,000 jobs in South Australia, Victoria and Tasmania would be put at risk if drilling for oil in the Great Australian Bight is allowed to go ahead and a catastrophic spill occurs. New polling has also revealed that a majority of Australians, while hopeful

The AEMO Energy Statement of Opportunities (ESOO) released today confirms Australia Institute Gas & Coal Watch analysis that shows that Victoria’s dependence on brown coal and gas is a serious risk to the state’s energy supply this summer. Key points from AEMO Energy Statement of Opportunities: Based on operational experience, AEMO’s modelling assumed There is

by Richard Denniss[Originally published on The Guardian Australia, 21 Augustr 2019] Australia isn’t transitioning away from extracting fossil fuels, it is doubling down on them. That’s right – even though Australia is already the third largest fossil fuel exporter in the world, the federal government still wants to double our coal exports, drill for oil in

by Richard Denniss[Originally published in the Australian Financial Review, 20 August 2019] Short-term thinking is often a feature of Australian domestic politics but when it comes to foreign policy, we’ve usually played the long game. Not any more. The Morrison Government is placing 1000 potential coal jobs ahead of its ‘Pacific Step Up’, announced in 2017 to

The climate impact of Australia’s fossil fuel (coal, oil, gas) exports ranks behind only Russia and Saudi Arabia exports in terms of global emissions, according to a major new report from the Australia Institute Climate & Energy Program. The new research also finds that in absolute terms Australia is the world’s fifth largest miner of

If a ban or limitation of coal is not in today’s 50th Pacific Islands Forum communique, it will be because Australia has bullied its Pacific Island neighbours into taking it out. “This Government’s fixation on coal puts Australia in direct conflict with Pacific leaders fighting for the future of their nations,” said Richie Merzian, Climate

by Richie Merzian[Originally published in the Canberra Times, 10 August 2019] Late last Friday – a timeslot where ministers are known to announce policies they are most proud of – the Minister for Energy, Angus Taylor, ordered a parliamentary inquiry into nuclear energy.  Prime Minister Scott Morrison and Minister for Energy and Emissions Reduction Angus

Prime Minister Morrison is undermining Pacific action on climate change, with new analysis from the Australia Institute revealing that his pollution loophole is equivalent to around 8 years fossil fuel emissions for the rest of the Pacific and New Zealand. The Government plans to use Kyoto credits to meet emissions targets – a loophole that

New research from The Australia Institute has shown how the world’s major electricity markets are opening up to demand response competition, which will benefit consumers with lower prices and help maintain reliability. “The rest of the world is charging ahead with energy market modernisation and Australia is now poised to make a major reform that

by Richie Merzian[Oringinally published in The Canberra Times, 27 July 2019] The single greatest threat to Australia and the Pacific is climate change. But given Australia’s actions over the last 12 months, you wouldn’t know it. The Australian government is only willing to pay lip service to what addressing that threat requires: serious climate action.

As states compete for top-place in renewable energy generation and upgrades to the National Electricity Market (NEM) reach growth rates comparable to the development of Australia’s original electricity grids, Australia’s transition to renewables needs more planning and support from Governments. The Australia Institute Climate & Energy Program has released the latest National Energy Emissions Audit,

by Richard Denniss[Originally published on Guardian Australia, 24 July 2019] How many wedge-tailed eagles is a black-throated finch worth? No doubt there’s an economist out there willing to have a crack at answering that question, but the right of Australian politics seem to have already figured it out without so much as community survey: eagles are important

Research released today by The Australia Institute shows that coal mines in Queensland receive a discount on royalty payments of up to 17% relative to similar mines in NSW. This effective subsidy could be increased under a State Government deal with Adani currently being negotiated. “Mines like Adani’s effectively get 17% of their coal for