Queensland

IEEFA Research

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning

Regulator should step back before taxpayer foots the bill

9 May 2021 (IEEFA Australia): The Queensland Competition Authority’s (QCA) massive ‘overnight’ increase in Dalrymple Bay Coal Terminal’s remediation provision costs from $433 to $850 million highlights a very serious regulatory issue, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). Author of the note IEEFA guest contributor Owen […]

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: Investing in renewable energy will repower aluminium and heavy industry sectors

IEEFA Australia: Investing in renewable energy will repower aluminium and heavy industry sectors

Study shows Gladstone’s aluminium smelter crucial in decarbonisation and jobs drive

15 September 2020 (IEEFA Australia) – Australia’s failing aluminium sector could move to low-cost, zero-emissions electricity and invest in plant modernisation to support demand response management supplying local heavy industry, according to a new report from the Institute of Energy Economics and Financial Analysis (IEEFA). Putting a lens on the industrial energy demand hub of […]

and September 14, 2020 Read More →
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 […]

IEEFA: Volkswagen lied about emissions from their vehicles, and the gas industry is also lying about their emissions

5 March 2020 (IEEFA Australia): The gas industry is misleading government, investors, customers and the broader population about the amount of carbon dioxide and methane emissions being released during production, supply and distribution of both conventional or ‘natural’ gas and its product for export – liquefied natural gas (LNG), finds a new report out today […]

IEEFA update: Coal seam gas is high cost gas for Queenslanders

Gas no longer a competitive fuel for electricity production in Queensland

30 October 2019 (IEEFA Australia): Gas consumers in Queensland are currently paying 51% more than export parity prices according to the ACCC while recent gas developments have brought short term booms but resulted in massive wealth destruction for small towns. IEEFA gas analyst Bruce Robertson spoke at an event attended by locals at the Bundaberg […]

IEEFA Australia: Australian taxpayers funding subsidies worth billions for Adani’s Carmichael thermal coal mine

Carmichael mine unbankable and unviable without subsidies

29 August 2019 (IEEFA Australia): After yet another three month extension, there is now just one month to go until Adani and Queensland Treasury sign off on a massive 900 million dollar 7-year low interest royalty capital subsidy for the Indian billionaire Adani Group – ensuring no royalty return from Carmichael into the Queensland community […]

IEEFA Australia: Contracting with Adani Australia entails counterparty risks

IEEFA Australia: Contracting with Adani Australia entails counterparty risks

Buyer beware

16 August 2019 (IEEFA Australia): Contractors, employees and debtors seeking work with Adani Mining are taking a financial risk with reports of previous contractors being burnt and the listed Indian parent company – Adani Enterprises Ltd – still lacking the financial capacity to deliver on the project, concludes a new briefing note out today. Written […]

More News and Commentary

Carmichael plans India plastics plant supplied by Australian coal

The Guardian: The owners of the controversial Carmichael mine in Queensland want to build a US$4bn plant in India that would use Australian coal to make plastic. Adani Enterprises, which owns the Carmichael coalmine, said in submissions to Indian authorities the plant will use 3.1m tonnes of coal a year at the plant to make […]

June 17, 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 →

Solar surpasses wind as largest renewable source for Australia

Renew Economy: Solar overtook wind as Australia’s largest source of renewable electricity in 2020, as strong growth in both large-scale and small-scale installations helped the market share of renewables surge to 24.4 per cent. Combined, the market share of renewable energy sources also overtook the market share of fossil gas generation for the first time, […]

June 8, 2021 Read More →

Australia court denies water access to Adani for Carmichael project

S&P Global Market Intelligence ($): The Federal Court of Australia denied Adani Enterprises Ltd.’s Australia-based Bravus Mining and Resources access to billions of liters of water for its Carmichael coal project in Queensland, The Sydney Morning Herald reported May 25. The court ruled that the government should have applied a “water trigger” to Bravus’ North […]

May 27, 2021 Read More →

NSW government signs deal for major battery storage with Shell, Edify

Renew Economy: Shell Energy and Edify Energy are to build big 100MW, two hour battery storage facility in the Riverina region of NSW in a landmark electricity supply agreement with the state government. Shell has won a $3.2 billion contract to supply the electricity needs for the state government – hospitals, schools and other buildings, […]

May 25, 2021 Read More →

Origin discloses plan for 2030 Eraring unit shutdown

Renew Economy: Origin Energy has quietly informed the Australian Energy Market Operator that the first units of its 2,800MW Eraring coal generator in NSW – the biggest in the country – will close in 2030. The revelation comes in the latest data published by AEMO’s “Generator expected closure year” document  – a spreadsheet input into […]

May 20, 2021 Read More →
IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning
and

IEEFA: QCA increase of Dalrymple Bay Coal Terminal’s remediation provisions to $850m concerning

Regulator should step back before taxpayer foots the bill

9 May 2021 (IEEFA Australia): The Queensland Competition Authority’s (QCA) massive ‘overnight’ increase in Dalrymple Bay Coal Terminal’s remediation provision costs from $433 to $850 million highlights a very serious regulatory issue, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). Author of the note IEEFA guest contributor Owen […]

Q1 daytime wholesale prices plunge to -$12/MWh in South Australia

RenewEconomy: South Australia has set a stunning new benchmark in the electricity market, with its big share of rooftop solar sending the average daytime wholesale price of electricity to below zero in the first quarter. According to the Energy Market Operator, the average price of wholesale power in South Australia between 10am and 3.30pm was […]

April 28, 2021 Read More →

Queensland energy giant signals switch to renewables, storage

Renew Economy: Queensland government-owned energy giant Stanwell Corporation says the company’s future must be in renewables and storage rather than coal, in a delicately-worded statement that rang an early death knell for the company’s two coal-fired power plants. In a statement on Wednesday, chief executive Richard Van Breda gave few concrete details of exactly how […]

April 21, 2021 Read More →