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.
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As the mining boom ends, the mining clean-up boom is beginning. New research from The Australia Institute released today shows that there is minimal information available to the public on how the clean-up is progressing.
The report, Dark side of the boom: What we do and don’t know about mines, closures and rehabilitation in New South Wales, (attachment below) is the first in a series examining how mine site rehabilitation is being measured and managed.
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.
In the 2016 budget the government announced that it would close carbon tax compensation to new recipients of welfare payments. This would save the government $1.4 billion over the forward estimates, by reducing the income of some of the poorest Australians by around $10 per fortnight.
This cut was introduced to the Parliament in September 2016 in the Budget Savings (Omnibus) Bill 2016, but was scrapped when it did not gain Senate support. The Omnibus Savings and Child Care Reform Bill 2017 again seeks to remove the clean energy supplement from Centrelink payments.
In this briefing note we restate the case against reducing these payments.
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 many analysts, including analysis commissioned by the industry lobby group, APPEA.
The review aims to provide advice on whether the PRRT is operating “as intended”. In the current situation with projects unlikely to pay PRRT for many years if ever, either there is no economic rent to be taxed, or the tax is not working as intended.
New research has drawn a comparison between very high wholesale prices in the National Energy Market in South Australia and Queensland.
While high prices in South Australia have received much political and media attention, even higher prices endured by Queensland electricity consumers over the past five weeks have gone almost entirely unreported.
In a post-truth world, the ability of an industry to generate its own "alternative facts" is likely to be an asset in the short term and a liability in the long term. Indeed, for those who crave certainty and value continuous disclosure, the willingness of some firms to move well beyond simply putting a positive spin on events is a significant new investment risk.
[This article was first published by the Australian Financial Review - here]
The Prime Minister and Energy Minister ignored advice from AEMO that renewables were not to blame for the SA blackout.
In the afternoon of 28 September 2016, a huge storm raged through South Australia, knocking over multiple power lines and triggering a stage-wide blackout. Almost immediately, politicians blamed the blackout on the relatively high concentration of windfarms in South Australia, including the Deputy Prime Minister.1
New polling conducted by ReachTEL for The Australia Institute of the electorates represented by Malcolm Turnbull and Tony Abbott reveals very strong support for increasing and not cutting Australia’s renewable energy target.
57% of Tony Abbott’s constituents oppose his proposal to cut the RET. 59% of Malcolm Turnbull’s electorate oppose the cut while just 28% support it.
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.