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Economics
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January 2023
Hot water
NT water policy changes are aimed at expanding irrigation, particularly cotton production. Government and industry claims that cotton expansion would create significant employment and tax payments are not supported by data. Census figures show that cotton is one of the least jobsintensive sectors in the economy. According to the Australian Tax Office, major cotton companies
December 2022
Move on, nothing to see here
The Australia Institute made a submission on the revised Environmental Impact Statement (EIS) for Whitehaven Coal’s Winchester South proposal. Our submission focused on the economic assessment within the EIS, conducted by Deloitte Access Economics.
From Russia with love
Australian coal export revenue increased by $73b, or 186% in 2021-22. Between $21b and $39b of this is directly attributable to the Russian invasion of Ukraine.
Submission on Moolarben OC3 Coal Extension Project
The Australia Institute made a submission on the Environmental Impact Statement of the Moolarben OC3 extension project. The economic assessment of the project heavily understates its costs and overstates its benefits. At the USA Environmental Protection Agency’s central social cost of carbon estimate, the cost of the direct emissions alone is $156 million, greater than estimated royalty revenue – $152 million.
November 2022
Submissions on reconsideration of fossil fuel projects under the EPBC Act
In early November 2022, Federal Environment Minister Tanya Plibersek agreed to reassess 18 fossil fuel projects that had previously been approved under the Environmental Protection and Biodiversity Conservation (EPBC) Act. The reassessment was requested by the Environment Council of Central Queensland, represented by the law firm Environmental Justice Australia.
Submission: Inquiry into supporting democracy in our region
Australia can contribute significantly to democracy, security and prosperity in our region by addressing the region’s most existential threat, climate change, and by better governing our own resource sector.
Trade with no cap
The Australia Institute made a submission on draft legislation that would establish a new kind of carbon credit in Australia. The proposed Safeguard Mechanism legislation fails to clarify how new entrants will be managed and does not address integrity and additionality concerns around offsetting units.
October 2022
Submission on draft terms of reference for Valeria Coal Project environmental impact statement
The Australia Institute made a submission to the Queensland Coordinator-General’s consultation on terms of reference for the Valeria Coal Project environmental impact statement. The economic assessment of the project should include coal market scenarios that reflect climate action required to meet the Paris Agreement. Methods used by coal industry economists to downplay the costs of carbon emissions should be explicitly ruled out.
September 2022
Shorting the Environment
Australia’s proposed federal biodiversity market should not proceed. Both economic theory and lived examples show that it is likely to fail Australia’s threatened species and fragile environments.
August 2022
Submission: Towards a 10 year Salmon Plan
Tasmanian salmon companies have gone through a rapid period of growth that has outpaced regulation and science. Company profits have not led to commensurate growth in returns to the State Government or the community. Meanwhile communities bear the costs of the industry. The fast tracking of the salmon industry needs to end.
Nuclear Non-Proliferation Treaty Review Conference
As tensions in the Pacific and war in Europe continue to escalate, Australia could play an important global role in reducing the spread and threat of nuclear weapons at an important upcoming conference in New York, according to a new research report. The Australian Government has been urged to adopt 4 key policy goals to
July 2022
4.3 billion tonnes of emissions is not OK
The Australia Institute welcomes the opportunity to appeal Report 1727 North West Shelf Project Extension Proposal. The role of the Western Australian Environmental Protection Authority (EPA) is to prevent, control and abate pollution and environmental harm. In recommending the approval of a 50-year extension of Australia’s most polluting fossil fuel project, the North West Shelf
April 2022
Waratah Coal v Youth Verdict court case
The Australia Institute’s Research Director Rod Campbell was an expert witness in the precedent-setting case against Clive Palmer’s Waratah Coal Project in the Galilee Basin. The case was brought by Indigenous-led Queensland group Youth Verdict, who were represented by the Environmental Defenders’ Office (EDO).
Braddon Polling – March 2022
uComms conducted a survey of 829 residents in the federal electorate of Braddon on behalf of The Australia Institute during the evenings of 17 & 21 March 2022 using self-completed automated voice polling methodologies.
Boothby Polling – April 2022
uComms conducted a survey of 801 residents in the SA Federal seat of Boothby on behalf of The Australia Institute during the evening of 30 March 2022 using self-completed automated voice polling methodologies.
Sturt Polling – April 2022
uComms conducted a survey of 809 residents in the SA Federal seat of Sturt on behalf of The Australia Institute during the evening of 30 March 2022 using self-completed automated voice polling methodologies.
March 2022
Review of Tasmania’s Living Marine Resource Management Act 1995
Tasmania hosts some of the highest marine diversity and endemism on Earth, world’s best practice expertise in marine science and governance, and punches above its weight in economic contributions, thanks to our ocean.
Glendell Continued Operations Project
The economic assessments of the Glendell proposal overstate its benefits and understate its costs. Applying current carbon prices to only its direct emissions gives a net present value of between negative $460 and negative $570 million. This excludes consideration of the potential heritage and biodiversity impacts.
Sustainable Industrial Jobs in the Hunter
New research from the Centre for Future Work shows that the rapid transformation of Australia’s aluminium facilities to sustainable sources of electricity would spark substantial economic benefits: for the aluminium industry, its supply chain, and for the burgeoning renewable energy sector (which would achieve greater critical mass from major new power supply contracts).
February 2022
Narrabri Underground Mine Stage 3 Extension
The Department of Planning and Environment recommends approval of the project based on economic benefits, but finds these benefits reduce “significantly” if greenhouse emissions are properly accounted for. The Department did not quantify the significant reduction. Applying a carbon price of between $24.50/t and $73/t reduces the value of the project to zero. Such carbon
Rebuilding Vehicle Manufacturing in Australia
Global automotive manufacturing is rapidly transitioning to the production of Electric Vehicles (EVs) in line with technological advancements and the global community’s commitment to addressing climate change. This transition presents an enormous opportunity for Australia to rebuild its vehicle manufacturing industry, taking advantage of our competitive strengths in renewable energy, extractive industries, manufacturing capabilities, and
January 2022
Submission on Darwin Pipeline Duplication
The Australia Institute made a submission on Santos’ proposed Darwin Pipeline Duplication project that aims to facilitate carbon capture and storage in the oil and gas fields north of Darwin. Aside from the low likelihood of successful carbon capture and storage eventuating, the aim of the project appears to be to increase gas exports through
Gas-fired robbery
The LNG industry portrays itself as essential to WA’s economy, a sentiment echoed by the WA Government. However, LNG industry contributes just 1% of the WA state budget and two thirds of Western Australia’s gas is effectively given away by the Western Australian and Australian Governments with almost no royalties or tax being paid. The
December 2021
Six reasons to stop* floodplain harvesting in NSW
Licencing floodplain harvesting at lawful, sustainable volumes would be a major environmental, social and economic reform for the NSW Murray Darling Basin. There are also major implications for human health, community wellbeing, equity and the state budget. With so much at stake, public and government attention needs to be focused on the work of the
Quit Nukes
This report examines the policies of the largest Australian superannuation funds, highlighting their investments in companies involved in nuclear weapons development, production and maintenance (nuclear weapons companies).
November 2021
Fingerboards sand mine expert economic evidence
The Australia Institute’s Research Director Rod Campbell gave expert economic evidence to Victoria’s Inquiry and Advisory Committee regarding the Fingerboards Mineral Sands Project. The project was recommended for rejection by the Committee. Rod was engaged by the community group opposing the development, Mine Free Glenaladale. Rod’s evidence showed that the economic assessment of the Fingerboards
The Fossil Fuelled 5
This synthesis report was conducted by Freddie Daley of the University of Sussex in collaboration with the Fossil Fuel Non- Proliferation Treaty Initiative, as well as key partners in each of the five countries analysed – Greenpeace Norway, The Australia Institute, Stand.earth, Uplift UK and Oil Change International. The scientific consensus is clear: limiting global
Offshore oil and gas decommissioning levy
The offshore oil and gas industry provides minimal economic benefit to the Australian community. Any benefits are eroded by decommissioning costs falling on governments as the industry attempts to avoid its liabilities. The proposed levy represents an opportunity to limit the costs to the public from the Northern Endeavour disaster, further measures are needed to protect the public interest.
Undermining Climate Action
Australia’s target of net zero emissions by 2050 is inconsistent with its plans to massively expand coal and gas production. New fossil fuel projects under development in Australia would result in 1.7 billion tonnes of greenhouse gas emissions each year – equivalent annual emissions of over 200 coal-fired power stations, twice as much as global