Incumbent energy generators and retailers are attempting to use the COVID-19 pandemic to delay essential market reforms that would improve reliability, reduce emissions and put downward pressure on prices for Australian energy consumers, The Australia Institute has said.
Climate & Energy Program
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Coal generators are pushing to delay important reforms that would make the National ElectricityMarket more reliable and efficient and help lower emissions. Speeding up NEM reform will help drive economic recovery, not delay it.
Welcome to the April 2020 issue of the NEEA Report, with data updated to the end of March2020. Data presented includes greenhouse gas emissions arising from: the generation of electricity in the National Electricity Market (NEM), the consumption of natural gas in eastern Australia (the area covered by the NEM), and the consumption of petroleum fuels throughout Australia.
This issue focusses on examining whether changes in either electricity or gas consumption resulting from the pandemic response and economic slow-down are as yet apparent. It also includes a new graph, showing the emissions embodied in LNG exported from Queensland.
While the COVID-19 pandemic response has led to massively reduced emissions by the transport sector, new research shows the same cannot be said for the electricity sector—which has only seen a slight decrease in emissions over the past month—confirming the need for strong structural and legislative reforms to reduce emissions in the electricity sector.
The Australia Institute Climate & Energy Program has released their latest National Energy Emissions Audit, analysing the electricity sector over the previous month.
Research published today (Tuesday May 12) by The Australia Institute highlights the extent of taxpayer assistance to the onshore oil and gas industry in the Northern Territory.
NT Government budget papers reveal that over the last decade $94 million in subsidies and assistance measures have benefited the industry.
The Federal Government is expected to move in 2020 to pass legislation to start an offshore renewable energy sector.
Wind is currently the sole commercially viable offshore renewable energy generation technology and it has considerable potential to contribute to the Australian and global energy mix.
If the Federal Government draws on lessons learned in Europe’s successful offshore wind sector then it can design a good framework for the development of Australia’s prodigious ocean energy resources.
by Ebony Bennett
[Originally published in The Canberra Times, 03 April 2020]
It's not every day I get up at 6am to talk about inequality with a Nobel Prize winner, but hosting the Australia Institute's Economics of a Pandemic webinar series afforded me that opportunity this week.
The Auditor General has been asked to investigate the Commonwealth Government’s Underwriting New Generation Investment Program (UNGI), which threatens to undermine investment in the essential power sector.
New research by The Australia Institute’s Climate & Energy Program reveals the Government’s flagship program to generate more electricity has no legal foundation, formal guidelines, assessment criteria, procurement process or clear implementation plan.
The Underwriting New Generation Investments Program has no legislative basis, no guidelines or criteria, and is following no clear process. Despite this the government has already shortlisted projects, made agreements and engaged in detailed negotiations.
Analysis by The Australia Institute shows that Victorian Government’s key report used to approve onshore gas mining appears to have underestimated the greenhouse gas emissions from new sites by up to 88%.
The Victorian Gas Program Progress Report no.4 does not count emissions from the ultimate combustion of the gas, emissions from methane leakage or the lifecycle emissions from gas processing. Methane is a very potent greenhouse warming gas, and small amounts of leakage can have a large impact on overall emissions.