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May 2017
African white elephant
Australia’s export credit agency, Efic, is a government-owned, taxpayer-backed organisation that aims to assist Australian exporters with financial services. Efic is currently considering a loan to a South African coal project. The Boikarabelo coal project has approval to produce 32 million tonnes of raw coal each year. The development of this project would likely contribute
Narrabri Gas Project: Submission
The economic assessment of the Narrabri Gas Project is misleading and does not comply with NSW assessment guidelines. The benefit cost analysis by consultants GHD is contradicted by the proponents’ financial statements and analysis commissioned by the Australian Energy Market Operator.
Dollar dreaming: A literature review of economic assessments of indigenous social investment
Developing northern Australia is a priority for the Turnbull Government, like many governments before it. The focus of these efforts is often on capital-intensive major projects such as irrigation dams or mining infrastructure. Such investments generally provide terrible returns to the taxpayer, generate few jobs and fail to ‘develop the North’. For example, the Ord
Royal Pardon: How much an Adani royalty holiday could cost Queenslanders
Media reports suggest that the Palaszczuk Government intends to give Adani a discount on the royalties the company would pay to extract the state’s coal. If the Queensland government settles on a royalty holiday for Adani’s proposed coal mine, similar to that used earlier by the NSW government, the cost to Queenslanders will be almost
April 2017
Scientific inquiry into Hydraulic Fracturing in the Northern Territory
The Australia Institute welcomes the opportunity to make a submission to the Scientific inquiry into hydraulic fracturing in the Northern Territory. Our submission focuses on Theme 7.7 of the Background and Issues Paper, economic impacts and also addresses other themes that the Institute has conducted research on.
Royalty Flush: Risks to NSW coal royalties from Adani and Galilee Basin development
Development of large coal mines in Queensland’s Galilee Basin will reduce thermal coal prices. This also reduces royalty revenue received by NSW. The Adani project alone is likely to reduce NSW revenue by nearly $50 million per year. The NSW government should oppose subsidies to Adani.
Wallarah 2 Coal Project: Submission to Planning Assessment Commission (April 2017)
The Wallarah 2 Coal Project (Project) proposes to produce 4 to 5 million tonnes per annum (mtpa) of thermal coal for export. The project is located on the Central Coast of NSW near Wyong. The proponent is Kores, a South Korean government owned corporation. The Australia Institute welcomes the opportunity to make a submission to
Dark side of the boom
As the mining boom winds down and the mining clean up boom begins, mine site rehabilitation and mine abandonment are emerging as major issues for Australian communities, governments and taxpayers. All stakeholders will need information on the status of mines and their rehabilitation efforts to ensure this is carried out in a way that does
March 2017
Making the future plausible? Putting coal industry claims in context
The Minerals Council of Australia (MCA) has released a new advertising campaign titled ‘Making the future possible’. The campaign involves two videos and a website promoting mining’s role in the Australian economy and the benefits of new coal-fired electricity generators. However, some claims are incorrect and many are misleading, being presented without context and conflating
February 2017
Submission: Wallaby Scrub Road closure
The Australia Institute provided advice to EDO NSW and the Bulga Milbrodale Progress Association on the possible economic effects of closing Wallaby Scrub Road, in the Hunter Valley, NSW. Rio Tinto proposes to close the road in order to expand the Mt Thorley-Warkworth coal mine.
Dark side of the boom (NSW)
Report on what we do and don’t know about mines, closures and rehabilitation in New South Wales. Little data is available to the public on the clean-up from the mining boom. State government agencies often lack basic information on how many mines are in operation, with still less published on closures and abandonments.
Review of the Petroleum Resource Rent Tax
The Australia Institute welcomes the opportunity to make a submission to Treasury’s Review of the Petroleum Resource Rent Tax (PRRT). The review occurs at a time when Australia is set to become the world’s largest gas exporter, yet PRRT revenues are declining. Several major gas projects are unlikely to pay PRRT for decades, according to
SUBMISSION: Rocky Hill coal project
Economic assessment of the Rocky Hill project understates costs and overstates benefits. It is unlikely to be in the economic interest of NSW or the Gloucester community to approve this project.
December 2016
Your ABC or your ASX
The ABC is not biased against business according to the recent ABC Editorial Review of business and economics coverage. Far from being anti-business, research released today by The Australia Institute finds that the ABC’s ample coverage of business and economics skews towards big business. Big business receives three to five times more ABC coverage than
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
Submission to Senate Inquiry into Retiring Coal Fired Power
Energy systems are changing whether we like it or not. Currently there is a lack of policy to ensure that this change is orderly and just. There are already examples of communities that are being affected by these changes and the current policy vacuum.The Australia Institute has published many reports and submissions related to coal
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
#democracysausage
Voting and electoral participation are part of Australia’s culture, expressed through our long history of electoral reform as well as modern trends such as the social media tag #democracysausage. Ensuring that everyone’s vote is counted is consistent with our ethos that everyone gets a “fair go”. Australia has among the highest electoral participation rates in
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
First Submission to the ABC (Rural and Regional Advocacy) Bill 2015
The Australia Institute has an ongoing program of research into policy options around the ABC. Several of our research papers relate to the ABC’s operations in rural and regional Australia and the ABC Charter. Most recently, polling we commissioned in January 2016 shows strong public support in Tasmania for increased funding for the ABC in
Second Submission to the ABC (Rural and Regional Advocacy) Bill 2015
Since our last submission we have published a research report relevant to this inquiry, No politics at Aunty’s table: Depoliticising the governance of the ABC. This report addresses the issue of political interference in the governance structures of the ABC, including its charter. A copy has been uploaded with this submission. The Australia Institute advocates
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
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).
July 2016
Submission on competition to Australian Energy Market Commission
The Australian Energy Market Commission is considering a proposal to introduce a new rule in the national electricity market. The 5 Minute Settlement Rule Change is a very technical but important rule, which the Australia Institute believes would increase competition. Currently, gas peaking plants provide the energy to respond to rapid changes in demand. If
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
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