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Welcome to the January 2021 issue of the NEEA Report, with data relating to electricity in the National Electricity Market updated to the end of November 2020. This includes a short summary of the very important investment initiatives in New South Wales, announced by Minister Matt Kean at the end of November. This issue also
The Australia Institute made a submission to the NSW Independent Planning Commission on the Tahmoor South Coal Project.
Gas companies operating in Australia have announced major job cuts through the pandemic. ABS Labour Force figures show that average employment in oil and gas extraction has declined by over 10% from 2019 to 2020, despite record production. If all Australian industries had responded to the COVID-19 pandemic with equivalent job cuts, Australia would have
The Australia Institute made a submission to the “Rapid Assessment Framework” consultation, a process to reform parts of the NSW planning process.
The Australia Institute made a submission on the consultation paper for the Department of Industry, Science, Energy and Resources’ Enhanced offshore oil and gas decommissioning framework.
A new study on the proposed Mulga Rock uranium mine in Western Australia relies on optimistic price and exchange rate forecasts. Details of claimed cost reductions have not been published, but costs still appear high relative to international competitors.
Tasmania is a unique and special place, wild in parts and populated in others, nestled inside a spectacular coastline. This little island provides a home for diverse marine ecosystems, supports regional economies, holds cultural significance for First Nations communities and provides recreation for hundreds of thousands of residents and visitors. The fishing industry is an
Why a “gas fired recovery” would increase emissions and energy costs and squander Australia’s COVID-19 recovery spending.
A recent study claiming minimal impact of fracking on water and soil in Queensland’s Surat Basin is presented as CSIRO research, but is actually by an alliance dominated by gas companies. The study is based on a sample of just six wells, all chosen by Origin Energy. Its results say little about the other 19,000
The Australia Institute made a submission to the Northern Territory Economic Reconstruction Commission, highlighting research on fiscal stimulus design and the minimal stimulus that would be created from government subsidisation or other assistance to the fossil gas industry.
Fossil fuels were the worst performing sector in the ASX 300 over the last decade. $100 invested in the fossil fuel dominated S&P ASX 300 Energy index in 2010 was worth just $104 by January 2020, dropping to $51 with COVID. $100 in the wider market peaked at $237, falling to $169 with COVID. Excluding
The evidence of a climate emergency is now undeniable. Any coherent response requires a rapid phase-out of coal-fired electricity generation. That also implies an immediate halt to new thermal coal mines and a gradual closure of existing thermal coal mines. Successful implementation of such a policy requires a strong and concrete commitment to facilitating employment
The Victorian Government has decided to allow onshore gas mining based on an internal report that claims minimal climate impacts. However the report ignores up to 88% of greenhouse emissions from new onshore gas mining, appearing to ignore emissions from burning the gas.
Supply measure projects that purport to save water in the Yanco Creek System will lead to environmental damage and “greater diversions” for irrigation in the Murrumbidgee according to water agencies. They are likely to be unlawful, with no way of properly assessing environmental equivalence as defined in the Basin Plan.
Coal mined in NSW causes more emissions than the UK or France and nearly four times more than directly emitted from NSW itself. NSW climate policy aims for net zero emissions by 2050. Yet in the midst of a bushfire crisis, under coal lobby pressure, the NSW Government seeks to abolish the legal requirement to
Recently released documents show that the vendors in an $80 million water sale had repeatedly offered far lower prices to the Commonwealth but these offers were rejected as ‘not value for money’. The documents mention a company linked to Energy Minister Angus Taylor seven years after it says it ended work with the vendors. The
New research from The Australia Institute has revealed that nearly one third of Australians (30%) are expecting to receive a gift that they will never use this Christmas.
Increases in extreme heat events in the Kimberley region will have severe impacts on the wellbeing of people in the region, particularly indigenous communities. It will also impact key industries, including tourism and agriculture, and damage natural ecosystems.
New research from The Australia Institute has found that, for the first time, more than four in five South Australians (84%) support World Heritage Protection for the Great Australian Bight. That is a 7% increase, when compared to polling undertaken in March of 2019.