The Australia Institute has launched the National Energy Emissions Audit (The Audit), written by respected energy analyst and ANU Honorary Associate Professor, Dr Hugh Saddler, which tracks Australia's emissions of greenhouse gases from the combustion of fossil fuels.
Climate & Energy Program
It has taken ten years of cheap politics and bad policy decisions to deliver Australians high energy prices, high greenhouse gas emissions and low levels of reliability. Rather than listen to scientists, engineers or economists Australia's energy policy has been shaped by lobbyists, political strategists and shock jocks. It’s hard to see how things went wrong.
[This article was first published by the Australian Financial Review - here]
Report calls for Tasmania to become energy self-reliant and an exporter of renewable energy.
A new report from Hobart-based think tank The Australia Institute Tasmania identifies an opportunity for Tasmania to take advantage of its unique energy assets which could deliver cheaper local electricity.
The report finds that Tasmania’s link to the National Electricity Market (NEM) is subjecting the state to higher power prices and increasing uncertainty.
--See PDF below for full report--
The Australia Institute has outlined the key challenges for the Finkel Review.
The objective of the Finkel Review is to provide a blueprint for national policy, legislative, governance and rule changes required to maintain the security, reliability, affordability and sustainability of the national electricity market.
The objective of a policy instrument such as a LET (Low Emission Target) or a CET (Clean Energy Target) should be to help Australia to reduce greenhouse gas emissions by accelerating the transition away from conventional coal fired electricity.
Following pressure from Australian civil society organisations, Australia’s export credit agency, Efic, has shelved plans to lend Australian taxpayers’ money to the Boikarabelo coal project in Limpopo Province, South Africa.
While Efic has not ruled out future funding of this project and other overseas coal mines, Senate Estimates were told last week that Efic does not have ‘sufficient material to conduct due diligence’ and is not currently conducting any work on the Boikarabelo project.
There is a depressing honesty about Donald Trump's announcement that the United States will withdraw from the Paris climate agreement. It stands in stark contrast to the hypocrisy of Malcolm Turnbull's big talk on climate change, which is accompanied by a $1 billion subsidy for the enormous new Adani coal mine. At least Trump is doing what he said he would do.
[This article was first published by The Canberra Times - here]
A well designed Low Emissions Target (LET) could be the basis for the needed integration of climate and energy policy in Australia according to Canberra-based policy think tank The Australia Institute.
“The key will be to ensure any scheme accelerates the transition away from coal and does not lock in support for fossil fuel generators," Executive Director of The Australia Institute, Ben Oquist said.
“The value in the Climate Change Authority proposing evidence-based solutions is again on display.
The Northern Australia Infrastructure Facility (NAIF) is a $5 billion government fund for concessional financing to build infrastructure in northern Qld, NT and WA. The default financing mechanism is a loan. Adani has applied for a concessional loan of nearly $1 billion from the NAIF for a rail line so that it can export coal from its proposed Carmichael coal mine.
Minister for Resources and Northern Australia Matthew Canavan and Deputy Prime Minister Barnaby Joyce have strongly supported the Adani loan proposal, while at the same time insisting the NAIF is independent. Minister Canavan has said
The Australian Government has put $1.3 billion of taxpayers’ money towards Carbon Capture and Storage (CCS) initiatives since 2003, with zero large scale operational projects to show for it.
A new report from The Australia Institute’s, Money for nothing, has found that despite years of generous taxpayer funding, there are no large-scale CCS projects operating in Australia and no planned coal CCS projects at any stage of development.
Several proposed coal plants with CCS received federal grants, but all have since been cancelled or liquidated.
It's not clear whether Adani will win its battle to build its enormous new coal mine. But what is clear is that the coal industry, and the political right, have already lost the war. The enormous subsidies required to make the Adani mine "commercial" have killed once and for all the myth that coal mining is driven by market forces and is a major contributor to government revenue. At the same time Chevron is squealing at the thought of paying income tax, Adani is demanding it gets free coal. That's 10 years' worth of expensive mining PR down the drain right there.