New South Wales, Australia

IEEFA Research

IEEFA: A loss of excise tax revenue should not stall the uptake of electric vehicles in Australia

IEEFA: A loss of excise tax revenue should not stall the uptake of electric vehicles in Australia

More pragmatic focus would be incentivising industry and modernizing the grid

8 June 2021 (IEEFA Australia): A new tax on EV users is unnecessary as the Australian (Commonwealth) government is well placed to deal with the potential revenue impact of the inevitable move to electric vehicles, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). Global automotive manufacturers have committed almost […]

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government deal

The Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]

March 18, 2021 Read More →
IEEFA Australia: Coal plant closures imminent as renewable energy surges

IEEFA Australia: Coal plant closures imminent as renewable energy surges

Several coal power plants in the National Electricity Market likely to be financially unviable by 2025

24 February 2020 (IEEFA Australia): Several of the 16 coal power plants in the National Electricity Market (NEM) will be financially unviable and at least one is likely to face closure several years sooner than planned due to coal plants’ poor flexibility and inability to adapt to a rapid influx of renewable energy, finds a new […]

IEEFA: Australia should be a net-zero emissions leader

IEEFA: Australia should be a net-zero emissions leader

Setting a target of net-zero emissions by 2050 would maximise employment, investment and export opportunities

11 December 2020 (IEEFA Australia): Australia must align itself with the global push to go carbon-neutral to maintain strong trade in a net zero emissions world, the Institute for Energy Economics and Financial Analysis (IEEFA) notes in its submission in support of a new climate change bill before the Australian parliament. The bill, introduced by Zali Steggall, […]

IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

Gas is a poor bet, and coupled with the financially challenged Snowy Hydro 2.0, is a sure stranded asset maker

19 November 2020 (IEEFA Australia): Careful scrutiny of Snowy Hydro’s latest financial results show the company is heading towards an uneasy reliance on government and taxpayer subsidies post 2021, throwing into serious doubt the government’s heady push for further gas expansion in a declining market, finds a new briefing note by the Institute for Energy […]

IEEFA: What Australia can learn from Texas’ embrace of clean energy

IEEFA: What Australia can learn from Texas’ embrace of clean energy

In the home of U.S. oil and gas, private investors are pouring money into renewables

19 October 2020 (IEEFA Australia): The Australian government’s plan for a gas-fired economic recovery from COVID-19 ignores the market’s clear preference for renewables over fossil fuels. That’s the conclusion of a new note from the Institute for Energy Economics and Financial Analysis (IEEFA) that argues Australia could learn from the experience of U.S. oil and […]

IEEFA Australia: Gas and electricity prices will rise if Narrabri gas fields approved

IEEFA Australia: Gas and electricity prices will rise if Narrabri gas fields approved

29 September 2020 (IEEFA): Australian gas consumers will likely see higher, rather than lower gas prices if Santos’ Narrabri gas fields are approved due to the distance the gas must travel to reach consumers on infrastructure that will need to be built. Gas/LNG financial analyst Bruce Robertson concludes the proposed Narrabri gas fields are uneconomic […]

IEEFA Australia: COVID-19 Advisory Board wants government to subsidise failing gas industry

IEEFA Australia: COVID-19 Advisory Board wants government to subsidise failing gas industry

Gas usage for gas powered generation has declined by 58% since 2014

28 August 2020 (IEEFA Australia): Proposals for providing long term subsidies to the flailing gas industry have the potential to cause significant long-term economic damage to Australia, finds a new report by energy thinktank, the Institute for Energy Economics and Financial Analysis (IEEFA). The National COVID-19 Commission (Advisory Board) (NCC) led by Western Australian gas […]

IEEFA Australia: The state of NSW should not sponsor a loss-making, wealth destroying industry

IEEFA Australia: The state of NSW should not sponsor a loss-making, wealth destroying industry

The Narrabri gas project must be rejected

26 August 2020 (IEEFA Australia): The NSW Independent Planning Commission (IPC) will have no other avenue but to reject the proposed coal seam gas project in Narrabri, New South Wales after assessing the clear and unequivocal evidence surrounding the many economic and environmental, social and governance issues related to the proposal, notes the Institute for […]

IEEFA Report: BHP coal assets worth a billion less than just two years ago

Jumping Ship?

8 August 2020 (IEEFA Australia): Another global investor, the UK’s biggest public pension fund NEST, has withdrawn funds from BHP this week because the company is profiting “from digging coal”. This follows BHP being put on a watch list by the Norwegian Sovereign Wealth Fund as a firm not adopting business strategies aligned with the […]

More News and Commentary

Gales in Australia almost prompt new record for wind energy output

Renew Economy: Australia’s main grid came close to a new record for wind energy output over the weekend, as two new wind projects began production for the first time, although the contribution of the newly connected projects remained minimal. According to grid wind watchers, including Global Roam’s Paul McArdle, it was “blowing a gale” over […]

July 20, 2021 Read More →

Spark plans 2.5GW wind, solar and battery hub in New South Wales

Renew Economy: Spark Renewables, part of the listed network investment company Spark Infrastructure, is proposing a massive 2.5GW wind, solar and battery storage hub in south west NSW, in the heart of a planned renewable energy zone. The Dinawan Energy Hub and the direct investment in wind, solar and battery storage is part of a […]

July 15, 2021 Read More →

Australia to appeal coal mine ruling holding it responsible for climate

The Guardian: The environment minister, Sussan Ley, will appeal yesterday’s federal court declaration she has a duty of care to protect Australian children from climate harm that would be caused by the expansion of a coalmining project. Some of the eight schoolchildren that brought the case to the federal court have reacted with dismay to […]

July 12, 2021 Read More →

AGL plans shutdown of 200MW gas unit, replacement with big battery

Renew Economy: AGL Energy is to mothball one of the four units at the Torrens B gas generator in South Australia, as traditional fossil fuel generators struggle in the face of the rapid transition to wind and solar and the switch from baseload generation to flexible capacity. AGL said falling spot and forward wholesale electricity […]

July 7, 2021 Read More →

Lumea announces plans for first unsubsidized big battery in Australia

Renew Economy: Lumea, the commercial offshoot of transmission company TransGrid, has announced plans for a 300MW big battery in Melbourne that it is describing as a “first of its kind” in Australia because it will be the first to be fully financed without using government funding or contracts. The 300MW battery at the Deer Park […]

July 6, 2021 Read More →

NSW commits $380 million to boost energy zone infrastructure

Renew Economy: The NSW government has committed $380 million over the next four years to boost network infrastructure for   the state’s first renewable energy zones, which it hopes will unlock tens of billions of dollars in new investment in wind, solar and storage projects. The funding will be used to underwrite the development of […]

June 18, 2021 Read More →

Aldi becomes first Australia retailer to use 100% renewable energy

Renew Economy: Aldi Australia says it has hit the target of powering all of its operations with 100 per cent renewable electricity six months ahead of schedule, marking a national first for major supermarkets and setting a cracking pace for the rest of corporate Australia. The Australian arm of the German supermarket chain said on […]

June 16, 2021 Read More →

Queensland state-owned coal plants likely to lose money by 2023-24

Renew Economy: Queensland’s publicly owned coal fired power stations could become a drain on taxpayer funds, with a new assessment finding that some may never again be profitable. A new analysis produced by the Queensland Conservation Council has forecast the profitability of the Queensland government’s owned coal generation businesses, including Stanwell Corporation and CS Energy, […]

June 15, 2021 Read More →
IEEFA Australia: NSW Government accepts that thermal coal is set for major decline

IEEFA Australia: NSW Government accepts that thermal coal is set for major decline

A moratorium on new thermal coal mining capacity is needed to avoid chaotic employment impacts

The New South Wales (NSW) Treasury has concluded in a technical paper for the 2021 NSW Intergenerational Report that “global demand for coal is expected to weaken considerably”. The report further notes that “Declining global demand for coal will reduce New South Wales’ economic growth over the projection period and will have impacts both on […]

IEEFA Australia: NSW government sensibly resists temptation to tax electric vehicles

IEEFA Australia: NSW government sensibly resists temptation to tax electric vehicles

The government doesn’t need an EV tax to fund roads

The New South Wales Government has released its five yearly Intergenerational Report. As part of the process, NSW Treasury produces deeply researched technical papers into a number of relatively narrow topics. This week it published a piece on the sensitivity to global coal demand and the broader energy transition. In two pages (pp 24-25) this […]