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Economics
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December 2016
Barking up the wrong trees
The Forest Products Commission (FPC) is a statutory body wholly owned by the Western Australian government. Its primary function is to conduct forestry activities on a commercial basis in state-owned forests, including softwood plantations, sandalwood and native forests. The FPC is responsible for most of Western Australia’s (WA) native forestry, which occurs in the state’s
The $5 levy on iron ore in WA
The Australia Institute has assessed the proposal for a $5 levy on iron ore in Western Australia. The policy should be supported as a pragmatic alternative to a resource rent tax. The analysis finds that if the $5 levy had been imposed on relevant production over the last five years it would have raised $11.5
Wilpinjong mine extention – PAC submission
The Australia Institute made a submission on the Wilpinjong Extension Project in March 2016. Our submission focussed on the economic assessment by Deloitte Access Economics in appendix M of the environmental impact statement (EIS).
November 2016
Airly Mine Extension – Submission
The Australia Institute made a submission on the Airly Mine Extension proposal in October 2014, highlighting our concerns with the economic assessment of the project conducted by Aigis Group. Our key points were: The economic assessment does not comply with relevant guidelines. Inappropriate consideration of wages as an economic benefit, overstating the value of the
Lithgow Invincible Coal Mine – Submission to Inquiry
The Australia Institute made a submission on the latest proposal for the Invincible coal mine, located near Lithgow NSW. As with several proposals before this, the economic assessment of the proposal is flawed, with costs understated and benefits overstated. The project is unlikely to represent a net benefit to the NSW community and should be
October 2016
Coal hard facts
Since Malcolm Turnbull replaced Tony “coal is good for humanity” Abbott, the Adani Carmichael Mine, the Galilee Basin and environmental “Lawfare” has been out of the news. An increase in the coal price and Turnbull’s apparent change of view means the Coal Wars are back. Download the Coal Hard Facts guide below.
Independence Pay
Gas industry funding and direct involvement in research committees of GISERA, the research body that conducts research on social and environmental impacts of CSG, is potentially compromising the scientific independence of CSIRO. The five main Queensland gas companies provide the lion’s share of funding to the Gas Industry Social and Environmental Research Alliance (GISERA) – the Gas Industry Social
Like water for cho-coal-ate
New analysis released by The Australia Institute today estimates that hidden subsidies from the Queensland Government to the coal mining industry, in the form of the value of groundwater accessed for free, represent at least $100M in value for the Galilee Basin coal mines alone. Report author Rod Campbell, who is the Director of Research
September 2016
The mining construction boom and regional jobs in Queensland
A new report by the Australia Institute shows that employment and jobs growth fell in regional Queensland during the mining construction boom. Despite an unprecedented 400 percent increase in mining investment from 2010 to 2013, by 2015 employment in regional Queensland fell to below 2010 levels. While employment increased in a few mining intensive regions
South Australians don’t believe the hype: Poll shows SA backs fracking ban
1,473 South Australians were asked if they supported a Victoria-style ban on gas fracking in their state. Twice as many (47%) support a ban than are opposed (23%). 30% were undecided. The polling was conducted on 30 August, as Victoria introduced its ban and in the weeks following the furore around energy prices in South
A Coal Moratorium and the Australian Economy
Modelling shows that Australia’s economy would be barely affected by a moratorium on approval of new coal mines and mine expansions. As the world works to reduce greenhouse gas emissions, it will need to burn less coal. As a result, the world will need less coal mines. In the lead up to the Paris climate
United Wambo coal project: Submission
The United Wambo Open Cut Coal Mine Project is a proposal to expand and merge the existing Wambo and United coal mines in the Hunter Valley, NSW. This submission focuses mainly on the economic assessment included in the Environmental Impact Statement (EIS) of the proposal, Appendix 19 Economic Assessment, written by Deloitte Access Economics (Deloitte).
August 2016
Intensive salmon farming in Tasmania
Tasmania is home to a substantial aquaculture industry. Intensive salmon farming in particular has grown quickly, attracting growing concerns about the industry’s impacts, how it is regulated and its financial contribution to the state. The Australia Institute commissioned ReachTEL to conduct state wide polling, as a first assessment of Tasmanian attitudes to the issues around intensive salmon farming.
July 2016
From climate pariah to climate saviour? What the petroleum industry can do about climate change
A new report from The Australia Institute explores what the petroleum industry can do to simultaneously pursue its financial interests and the interests of the global climate. The report, written by Australian National University Emeritus Professor Andrew Hopkins, outlines four key areas where the oil and gas industry’s interests align with the global goal of
Greasing the Wheels
Report reveals a web of political donations, special access and secret lobbying behind controversial mining projects. The report examines 6 highly controversial QLD resource projects and highlights the strong connection of these companies to QLD and federal political parties. The Queensland Liberal National Party accepted over $300,000 from companies associated with these projects, but most of the political
June 2016
Great Barrier Bleached
Research released today by The Australia Institute estimates the tourism industry impacts if severe coral bleaching continues on the Great Barrier Reef. — Full report in attachment below — Based on surveys of Chinese, UK, American and domestic tourists, results show that tourism areas adjacent to the Great Barrier Reef risk losing over 1 million
Wambo Coal Mine, Hunter Valley – Submission
The Wambo Mine – Modification 12 – Southern Longwall Modifications is a proposal to extend an existing coal mine in the Hunter Valley, New South Wales (NSW). The mine is owned by coal producer Peabody Energy. An environmental impact statement (EIS) has been submitted to the Department of Environment and Planning. This submission relates mainly
Public opinion on mine site rehabilitation: Briefing note
As the size of the clean up after the mining boom becomes apparent, mine site rehabilitation is becoming an important topic for many communities, regions and governments in Australia. A recent report on mine voids found that 6,050ha of voids will be left behind in NSW, most of which will fill with saline water, an
Nice work if you can get it: Jobs outcomes from renewables growth policies
The Australia Institute has modelled the number jobs in the clean energy sector which would be created to meet the renewable energy targets proposed by political parties this election. All parties are talking about jobs and economic opportunities in the lead up to the 2016 federal election. The report estimates the number of jobs that
Economic assessment of the Hume Coal project
Development of an underground coal mine in NSW’s Southern Highlands is not economically viable and presents risks to the environment, existing industries and landowners.
April 2016
Oil in the Great Australian Bight
Multinational oil company BP is planning exploratory drilling for oil and gas in the Great Australian Bight. The Senate Standing Committee on Environment and Communications is conducting an inquiry into the proposal, including into social and economic impacts of potential oil and gas exploration and production. The economic benefits of oil and gas exploration are
Jobs Growth in Queensland: Trends and Prospects
This paper outlines the recent employment trends and future prospects of Queensland’s industries and regions, and explores the state’s changing economic context.
Submission to Wilpinjong Extension Project inquiry
The economic assessment of the Wilpinjong mine heavily overstates the value of the project. This is easily seen by comparing the estimate of the project’s net present value, AUD$735 million, with the total stockmarket value of the proponent, only $114 million. The key flaw in the economic assessment is unrealistic production costs. The assessment assumes
South Australians remain opposed to nuclear waste dump: Poll
A ReachTEL poll of 1077 South Australian’s shows opposition to a nuclear waste dump at 48.5% and support at 37.2%. (Full results below) Final submissions to South Australia’s Nuclear Fuel Cycle Royal Commission closed on Friday. “A nuclear waste dump remains unpopular, despite some recent high profile support and renewed focus with the Royal Commission,”
March 2016
Money doesn’t grow on trees
The Forestry Corporation of NSW (‘Forestry Corporation’ or ‘the Corporation’) is a state-owned corporation that manages more than two million hectares of commercial native and plantation forests in NSW for the primary purpose of timber production. Forestry Corporation has two operating segments; the Softwood Plantations Division, and the Hardwood Division (which is primarily engaged in
Digging for Answers
Digging for Answers is a response to the tentative findings of the South Australian Royal Commission into the Nuclear Fuel Cycle and in particular to proposed radioactive waste storage and disposal facilities in South Australia This report finds that the business case for a nuclear waste storage facility in South Australia is exaggerated. The project