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Gas development has few economic benefits beyond those that flow to the gas industry itself. The industry is a small employer, systematic non-payer of tax and crowds out other industries.
Avoiding the worst impacts of climate change demands urgent action. This urgency ought to be driven by fulsome and transparent information. Current economic modelling by the CCA could be an important contribution to this task, if done properly and shared with all.
The Australia Institute’s annual Climate of the Nation report provides a comprehensive account of Australian attitudes towards climate change, its causes and impacts, and the integrity of Australia’s current and proposed climate solutions.
The NT LNG facility aims to produce up 20 million tonnes of LNG per year for export using gas fracked from the Northern Territory’s Beetaloo Basin.
In 2022–23, Australian Federal and state governments provided a total of $11.1 billion worth of spending and tax breaks to assist fossil fuel industries.
The transition towards a low-carbon future is a pressing issue, and household electrification has emerged as a critical component of Australia’s ongoing shift in energy use. In response, The Australia Institute commissioned a research report to better understand current public sentiment towards home and vehicle electrification via new community research. This report provides a snapshot
If NSW had adopted Queensland’s progressive coal royalty system in 2021-22 it would have raised an additional $2.8 billion. For 2022-23 this figure is estimated at between $4.2 billion and $6.2 billion.
Polling across 5 federal electorates reveals a majority of voters support a ban on new gas and coal projects, and very few support unlimited carbon offsets to expand fossil fuels. uComms were commissioned on behalf of the Australia Institute to poll in the seats of Mackellar, Goldstein, Sydney, Bennelong and Moreton between 9-14 of March
There are 116 new fossil fuel projects on the Federal Government’s annual Resource & Energy Major Project list, two more than at the end of 2021. If all proceed as estimated, they will add 4.8 billion tonnes of emissions to the atmosphere by 2030.
Key Findings: 82% of Canberrans believe polluting projects should not be able to offset 100% of their emissions via carbon offsets, only 9% believe in 100% carbon offsets for projects Of those, 56% believe polluting projects should have to directly reduce their emissions, not use carbon offsets And 26% believe projects should be able to
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.
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.
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.
In November, The Australia Institute surveyed a nationally representative sample of 1,001 Australians about their views on possible government interventions in the gas industry. The results show strong support for the government to intervene in the gas industry, either by imposing export controls on gas exporters if they do not meet local demand, or by
Energy prices spiked worldwide following Russia’s invasion of Ukraine and the resulting restrictions on Russia’s gas exports. This has in turn increased the value of Australian LNG exports and the profits of LNG companies. We estimate the war related windfall gain to LNG companies in 2021-22 at between $26 billion and $40 billion.
Australia has become an outlier in the global light vehicle market, with a comparatively inefficient and anachronistic vehicle fleet. In 2018, the average carbon dioxide (CO2) intensity for new passenger vehicles in Australia was 169.8gCO2/km compared to 129.9gCO2/km in the United States, 120.4gCO2/km in Europe and 114.6gCO2/km in Japan.
Despite the importance placed on foreign investment, and public sensitivity to it, little data is available on the level of foreign ownership of Australian companies. What data is available often confuses legal and beneficial ownership or is based on limited sample size. The research report comes amid growing calls for a windfall profits tax on
The government defines ‘clean hydrogen’ as “hydrogen produced using renewable energy or using fossil fuels with substantial carbon capture and storage.”
Five of Australian Petroleum Production & Exploration Association’s (APPEA) most prominent member companies have paid no income tax for at least the past seven years despite combined income from their Australian operations of $138 billion. A sixth company, Santos, paid just $6 million on $28.9 billion of income, and paid no income tax from 2015
Australia is precariously dependent on imported fuel. Demand-side solutions, particularly electrifying transport, should be adopted to improve Australia’s fuel security and increase energy independence.
The Australia Institute made a submission to the consultation process regarding Recommendation 14.1 of the NT Fracking Inquiry, “That prior to the granting of any further production approvals, the Government designs and implements a full cost-recovery system for the regulation of any onshore shale gas industry.”
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
Investors in mining are backing electrification resources over fossil fuels. In the year to October 2021, just one fossil fuel company listed on the ASX, while 42 companies listed that target electrification minerals copper, nickel, lithium cobalt, graphite and rare earths. Over half the companies aim to mine in Western Australia, with another seven headquartered
Santos is trying to access Australia’s small amount of climate funding to subsidise increased fossil fuel extraction through a highly polluting activity known as enhanced oil recovery (EOR) – a process Santos has been using continuously since the mid-1980s. Numerous company documents show that Santos’ Moomba CCS project includes EOR and Enhanced Gas Recovery (EGR).
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.
All the net reduction in national emissions between 2005 and 2020 were contributed by the land sector. Emissions from energy combustion, which in 2020 accounted for 72% of total emissions, were 2.0% higher than in 2005. Total energy emissions to the end of August 2021, as estimated by NEEA, again increased, as growing consumption of
The Australia Institute welcomes the opportunity to make a submission to the Inquiry into the Closure of the Hazelwood and Yallourn Power Stations. The Australia Institute is an independent public policy think tank, based in Canberra. We carry out research on a broad range of economic, social and environmental issues. Two recent research papers by
The draft offsets policy undermines the NT Government policy of adopting Fracking Inquiry Recommendation 9.8 – that all life-cycle emissions from onshore gas projects be offset. The draft policy also proposes ‘indirect emissions offsets’ that are not utilised in any other jurisdiction and would be entirely without integrity. Indirect offsets would undermine other offset markets
Climate of the Nation is the longest continuous survey of community attitudes to climate change in the country.
Like Australia, Germany has had a long and polarised debate about phasing out coal-fired power stations. Germany formed a multi-stakeholder group that negotiated a consensus to phase out coal power by 2038. A similar process could help Australia navigate the trade-offs inherent in such a change.