Welcome to the August 2019 issue of the NEEA Electricity Update, with data updated to theend of July 2019. The Electricity Update presents data on electricity demand, electricitysupply, and electricity generation emissions in the National Electricity Market (NEM), pluselectricity demand in the South West Interconnected System (SWIS).
Norwegian oil company Equinor is planning exploratory drilling for oil and gas in the Great Australian Bight beginning in late 2020. Modelling commissioned by the oil and gas lobby shows that South Australia is unlikely to receive any noticeable benefit from tax payments as a result of oil and gas production in the Great Australian Bight. The tourism, fishing and aquaculture industries on the SA coast already employ over 10,000 people and provide sustainable benefits through locally owned businesses. Across South Australia, Victoria and Tasmania, those same industries currently employ over 27,000 people. These jobs would be put at risk by oil development in the Bight.
Australia is the world’s third biggest exporter and fifth biggest miner of fossil fuels by CO2 potential. Its exports are behind only Russia and Saudi Arabia, and far larger than Iraq, Venezuela and any country in the EU. Yet Australia’s economy is more diverse and less fossil fuel intensive than many other exporters. Australia has an opportunity and obligation to decarbonise its exports in line with the Paris Agreement.
Truth in political advertising laws are supported by 84% of Australians. Successful models include industry self-regulation in New Zealand and making misleading advertising an offence in South Australia. Decisions about what constitutes “the truth” may be fraught, but they are routinely made by companies and regulators under consumer law. Australia can choose from a variety of models, but some form of truth in political advertising should be legislated.
“More than any other state, Tasmanians live in and on the edges of the bush,” said Leanne Minshull, Director of the Australia Institute Tasmania.
“As the severity of fires increase, so does the impact on our homes, our communities and our economy, we need to look at this problem holistically to have any chance of dealing with it.”
"Our research shows us that there is a lack of understanding in the community when it comes to undisturbed forests and fires. The science shows us that undisturbed rainforest assists in slowing down the spread of bushfires.
Australia’s use of controversial Kyoto carbon credits to cut its Paris Agreement target in half completely undermines Pacific climate action.
Wholesale demand response brings benefits to consumers and reduces energy prices. A rule change currently being considered by the Australian Energy Market Commission is supported by a wide range of consumer groups, but opposed by incumbent energy companies. Demand response is being introduced in major markets such as the USA, EU and China, where similar patterns of support and opposition have been observed.
We thank the Natural Resource Commissioner for the thorough and forthright Draft Review of the Barwon-Darling Water Sharing Plan. We support all of the Commission’s recommendations.We raise two additional matters for the Commission’s consideration:
- Legality of the 2012 Barwon-Darling Water Sharing Plan
- Cap compliance
Welcome to the July 2019 issue of the NEEA Electricity Update, with data updated to the end of June 2019. The Electricity Update presents data on electricity demand, electricity supply,and electricity generation emissions in the National Electricity Market (NEM), plus electricitydemand in the South West Interconnected System (SWIS).
The economic benefit of the salmon industry to Tasmania is weighted strongly against its environmental and social impacts. Yet it accounts for just 1% of jobs in the state.
Over 5 years $3.8 billion worth of fish were sold, but just $64 million tax paid, while $9.3 million in subsidies were received in 2 years. Changing generous leasing arrangements to the Norwegian model could raise $2 billion for community development.