Research

June 2014

Mining the age of entitlement

by Mick Peel, Rod Campbell and Richard Denniss

State governments are more usually associated with the provision of health, education and law enforcement than industry assistance. So it might surprise taxpayers to learn that state government assistance for the mineral and fossil fuel industries consumes significant amounts of their money. Each state provides millions of dollars’ worth of assistance to mining industries every

SUBMISSION: Dewhurst and Bibblewindi gas

by Mark Ogge and Rod Campbell

The key points of this submission are that: Economic assessment of the projects does not comply with Director General’s Requirements (DGRs); That the justification of the project is based on incorrect information about the Australian East Coast gas market, and that the Department’s EAR is incorrect in relation to the implications of the project for

Seeing through the dust: Coal in the Hunter Valley economy

by Rod Campbell

The Hunter Valley produces and exports large volumes of coal. Supporters of the industry portray it as a ‘vital economic engine room’ and ‘the bedrock of the Hunter’s economy’. In contrast to coal proponents’ claims, however, economic profiles of the region emphasise that the Hunter has a diversified, modern economy, without any one dominant sector,

Advance Australia Fair? What to do about growing inequality in Australia

This paper is written in partnership with Australia21. Australia has a long and proud tradition of equality, but in recent decades the benefits of strong economic growth have flowed disproportionately to the rich. In the wake of a declining resources boom, there is a growing gulf between those in the top range and those in the lower ranges of wealth

Report on proposed Watermark Coal Project

by Rod Campbell

The proposed Watermark Coal Project is for the construction of an open-cut mine into agricultural land and native forest, in the Liverpool Plains region, 25km south south-east of the township of Gunnedah and to the immediate west of the village of Breeza, within the Gunnedah Local Government Area. The proposal is for a 30-year open

Bulga Optimisation Project

by Rod Campbell

The Bulga Optimisation Project is a proposal to extend the Bulga open cut coal mine near Singleton, in the Hunter Valley, NSW. The Australia Institute made a submission on the economic assessment done as part of the response to submissions on the original Environmental Impact Statement. The revised assessment by Deloitte Access Economics is a

SUBMISSION: Renewable Energy Target (RET)

by Matt Grudnoff

The Renewable Energy Target (RET) has been a very successful policy at reducing Australia’s greenhouse gas emissions by increasing renewable energy generation. This submission from The Australia Institute recommends that the RET be strengthened to take advantage of the imminent retirement of gas fired electricity generation from the NEM.  This submission will focus on three

SUBMISSION: Tax Laws Amendment Bill 2014

by David Richardson

The Australia Institute made a submission to the Senate Economics Legislation Committee on the Tax Laws Amendment (Temporary Budget Repair Levy) Bill 2014 and related bills. This levy has the effect of increasing the marginal tax rate from 45 to 47 per cent on incomes over $180,000. Inclusive of the Medicare Levy and the DisabilityCare

SUBMISSION: Senate inquiry into the Trade and Foreign Investment (Protecting the Public Interest) Act 2014

by Kerrie Tucker and Richard Denniss

The Australia Institute recently made a submission to the Foreign Affairs, Defence and Trade Committee on the Trade and Foreign Investment (Protecting the Public Interest) Act 2014 which seeks to protect Australian laws by banning investor-state dispute settlement provisions. This submission looks not only at ISDS but also other elements of trade agreements which impact

May 2014

Coalpac – Invincible and Cullen Valley Mine proposal

by Rod Campbell

The Coalpac project is a proposal to expand two coal mines owned by Coalpac, near Lithgow, NSW. In May 2014, The Australia Institute made a submission to the Environmental Impact Statement (EIS) process, focussing on the economic assessment of the project. Key points: The coal price used in the EIS is either inaccurate or assumes

Angus Place Colliery Extension Proposal

by Rod Campbell

Angus Place is an underground coal mines near Lithgow, NSW. It is owned and operated by Centennial Coal, a subsidiary of Thai energy company, Banpu. The mine is located in environmentally sensitive areas, adjacent to several state forests and near the Gardens of Stone National Park. The Australia Institute made submissions on the Environmental Impact

Springvale Colliery Extension Proposal

by Rod Campbell

Springvale Colliery is an underground coal mine near Lithgow, NSW. It is owned and operated by Centennial Coal, a subsidiary of Thai energy company, Banpu. The mine is located in environmentally sensitive areas, adjacent to several state forests and near the Gardens of Stone National Park. The Australia Institute made submissions on the Environmental Impact

SUBMISSION: Inquiry into environmental offsets

by Rod Campbell

The Australia Institute has made a submission to the Senate Standing Committee on Environment and Communications, References Committee Inquiry into environmental offsets. We argue that while offsets are often imperfect and need to be well managed, they have a place in environmental management. Our submission relates to the economics of environmental offsets and our experience

SUBMISSION: Streamlining environmental regulation, ‘green tape’ and one stop shops

by Rod Campbell

The Australia Institute has made a submission to the House of Representatives Standing Committee on the Environment inquiry, Streamlining environmental regulation, ‘green tape’, and one stop shops. Our submission draws on earlier TAI research conducted jointly with the Minerals Council of Australia, which found that there is considerable room for improvement in environmental regulation.  A

April 2014

Sustaining us all in retirement

by David Ingles and Richard Denniss

As Australia’s population ages, government policies that assist retirement will become even more essential. Superannuation tax concessions and the age pension are the two key government policies that assist the ageing, but they are becoming increasingly expensive. Increasing costs have prompted the Treasurer, Mr Joe Hockey to suggest the pension age be increased to 70.

SUBMISSION: Financial services review

by David Richardson

The Australia Institute has published a number of papers on the finance industry. This submission examines various aspects of the financial services industry including banking, superannuation, cooperatives, the budget and consumer issues. 

SUBMISSION: Cobbora coal project

by Rod Campbell

The Cobbora proposal is to develop an open cut coal mine near the towns of Gulgong and Dunedoo, east of Dubbo, NSW. The mine would extract up to 20 million tonnes per annum of run of mine coal. The mine is proposed by the NSW government-owned Cobbora Holding Company.  Our submission focuses mainly on the

SUBMISSION: Senate inquiry into affordable housing

by Molly Johnson and David Baker

The Australia Institute’s submission addresses the effect of policies designed to encourage home ownership and residential property investment. More broadly this submission focuses on the theme of housing equality and examines the inequality that exists between generations and income groups. In doing so it considers the impact of not having a long-term, national affordable housing

SUBMISSION: Senate inquiry into out-of-pocket costs in healthcare

by David Baker

The Australia Institute’s submission addressed the following points of the Inquiry’s terms of reference: the trend in out-of-pocket expenses; the impact of co-payments; key areas of expenditure including primary care visits, pharmaceuticals and diagnostic testing; the role of private health insurance; the effectiveness of safety nets; and other options to achieve savings for Australians and the

March 2014

Grow your own

by Poppy Wise

Australia’s high rate of urbanisation means that most people experience a significant disconnect between their food production and consumption. Over several decades, suburban gardens have ceased to be major sites of food production and Australians reportedly have a declining understanding and appreciation of how their food is grown. Recent years have seen a renewed interest

SUBMISSION: Wallarah 2 coal project

by Rod Campbell

The proposal is to develop an underground coal mine near Wyong, situated between Newcastle and Sydney, NSW. The mine would extract up to 5 million tonnes per annum (Mtpa) of coal which would require little further processing to reach saleable quality. The mine has attracted controversy due to its potential impacts on the local environment,

Briefing Note: Debunking Solving for ‘x’ – The NSW Gas Supply Cliff

by Rod Campbell

This week energy company AGL released a research paper entitled Solving for ‘x’ – the New South Wales Gas Supply Cliff. The paper contains plenty of economic terms and algebra, but these merely serve to provide camouflage for another reiteration of the gas industry’s claims – that NSW is running low on gas and the

Fracking the future

by Matt Grudnoff

The purpose of this paper is to bust the gas industry’s myths about coal seam gas (CSG). The gas industry has been prolific in putting out exaggerated claims about CSG’s economic benefits while at the same time staying almost completely silent on the health and environmental risks. This paper will look at both the economic

SUBMISSION: Terminal 4 Project

by Rod Campbell and Richard Denniss

The Australia Institute’s submission on the Newcastle T4 project focuses on the economic assessment and highlights a number of flaws in the economic modelling.  The assessment included the use of export growth rates up to 12 times greater than through the mining boom, estimates of coal exports out to 2083, and inflated estimates of coal

Climate Proofing Your Investments: Moving Funds out of Fossil Fuels

by Richard Denniss, Howard Pender and Tom Swann

Investments in coal, oil, and gas increase financial risk without increasing returns, according to the new report Climate proofing your investments: Moving funds out of fossil fuels published by The Australia Institute. To meet the internationally-agreed two degree global warming limit, fossil fuel businesses must leave in the ground two-thirds of the reserves currently on their books.

SUBMISSION: New Acland Coal Mine Environmental Impact Statement

by Rod Campbell

The New Acland coal mine is applying to expand its operations in one of Australia’s most productive agricultural regions, the Darling Downs.  The mine has been controversial since it began, in its impact on the agricultural economy, and in clearing out the town of Acland where now only one resident remains.  The New Acland Mine

February 2014

SUBMISSION: Emissions Reduction Fund Green Paper

by Matt Grudnoff

Competitive grant schemes can be effectively used to reduce Australia’s greenhouse gas emissions but they are not sufficient to produce large scale abatement at a low cost.  Competitive grant schemes are best used in conjunction with other policies including a broad based carbon price.  The carbon price is able to achieve large scale abatement at

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