Queensland

IEEFA Research

IEEFA: Australian government emissions projections show 44% of coal capacity will close by 2030

IEEFA: Australian government emissions projections show 44% of coal capacity will close by 2030

Government must acknowledge additional coal closures and prepare to support affected communities and workers

9 December (IEEFA Australia): The Australian Government’s Emissions Projections show that 5 gigawatts (GW) of coal-fired generation capacity will close earlier than indicated by the current official schedule published by the Australian Energy Market Operator (AEMO), according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). The projections from […]

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 […]

More News and Commentary

Neoen starts on biggest wind, solar and battery project in Australia

Renew Economy: French renewable energy and storage developer Neoen has begun work on the first 412MW stage of what will likely be the country’s biggest wind, solar and battery storage project. The company announced on Monday that it had commenced “early works” on the Goyder South wind farm, the first stage of a massive project […]

January 18, 2022 Read More →

Projects across Galilee Basin fail to materialize as coal falls into disfavor

The Guardian: Queensland’s huge untapped Galilee coal basin was touted as a jobs and revenue bonanza by its supporters, with the potential to liberate hundreds of millions of tonnes of harmful greenhouse gases. The Galilee’s potential as a “carbon bomb” was wrapped up in a dozen or more coalmining projects and estimates of billions of […]

January 10, 2022 Read More →

Australia solar hits record in December, passing 1,000 gigawatt-hours

Renew Economy: Australia’s stunning solar year that was 2021 ended with a final flourish, after December delivered a record for utility-scale PV generation, surpassing 1,000GWh in a month for the first time to reach a total of 1,263GWh. The new record was marked by Rystad senior analyst David Dixon, who said on LinkedIn that the […]

January 10, 2022 Read More →

Construction starts on 396-megawatt wind project in New South Wales

Renew Economy: Construction has begun on Tilt Renewables’ massive Rye Park wind farm in New South Wales, the biggest wind project in the state to date, using what will be the biggest wind turbines in Australia. Tilt announced on LinkedIn this month that construction had started on the 396MW project, near Yass in the NSW […]

December 20, 2021 Read More →

Neoen begins work on big battery in Australian Capital Territory

Renew Economy: French renewables and battery storage developer Neoen says it has begun construction of a 100MW/200MWh big battery in the Australian Capital Territory, after doubling the size of the project because of emerging market opportunities. Neoen is Australia’s most successful investor in battery storage, having built the original “Tesla big battery” at the Hornsdale […]

December 14, 2021 Read More →
IEEFA: Australian government emissions projections show 44% of coal capacity will close by 2030
and

IEEFA: Australian government emissions projections show 44% of coal capacity will close by 2030

Government must acknowledge additional coal closures and prepare to support affected communities and workers

9 December (IEEFA Australia): The Australian Government’s Emissions Projections show that 5 gigawatts (GW) of coal-fired generation capacity will close earlier than indicated by the current official schedule published by the Australian Energy Market Operator (AEMO), according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). The projections from […]

AGL signs deal with Forrest to convert Hunter Valley into hydrogen hub

Renew Economy: Australia’s biggest polluter AGL Energy has struck a deal with iron ore billionaire and green hydrogen evangelist Andrew Forrest to turn its Hunter Valley coal fired power stations into a major renewable hydrogen and industrial hub. The vision shared by AGL and Forrest’s Fortescue Future Industries is to power the “Hunter Energy Hub” […]

December 8, 2021 Read More →

Alinta plans 1,000-megawatt offshore wind farm to help power smelter

Renew Economy: Alinta Energy is proposing a 1,000MW wind farm off the coast of Portland in Victoria that could help power the Portland aluminium smelter with up to 100 per cent renewables, and inject green energy into the country’s main grid. The $4 billion Spinifex offshore wind project, first flagged by Alinta CEO Jeff Dimery […]

December 7, 2021 Read More →

Australia states pushing back against federal rejection of renewables

Renew Economy: Two new reports have highlighted the critical role Australian states and territories continue to play in driving renewables uptake around the country, at the same time as the federal government has consistently undermined investor confidence in the market. The first report from WWF-Australia, ranks the progress of federal, state and territory governments in […]

November 30, 2021 Read More →
IEEFA Australia: How fossil fuel subsidies are thwarting Queensland’s renewable energy ambitions

IEEFA Australia: How fossil fuel subsidies are thwarting Queensland’s renewable energy ambitions

Acceleration is needed on 50%-by-2030 target but Federal Government undermining private investment in zero-emissions capacity

Queensland has made strong progress in driving electricity sector decarbonisation with renewable energy’s share trebling to 21% over the last four years. However, a Queensland Audit Office report released this week wants the state to go faster, calling for accelerated action and a public roadmap to ensure the government’s ambitious 50% renewable energy target for […]

November 26, 2021 Read More →