Queensland

IEEFA Research

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8 August 2020 (IEEFA Australia): Another global investor, the UK’s biggest public pension fund NEST, has withdrawn funds from BHP this week because the company is profiting “from digging coal”.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 […]

IEEFA Australia: Time to differentiate – thermal coal delivers royalty crumbs compared to Queensland’s coking coal

IEEFA Australia: Time to differentiate – thermal coal delivers royalty crumbs compared to Queensland’s coking coal

Coking coal generates 87% of all coal royalties

3 June 2019 (AUSTRALIA): Thermal coal used for electricity provides only 13% of royalties to Queensland’s budget compared to coking coal used for steel manufacturing – which provides 87% in royalties, a new IEEFA report finds. The report, Conflating Queensland’s Coking and Thermal Coal Industries: Thermal coal adds little to Queensland’s state budget finds that […]

IEEFA update: South Korea takes further steps away from thermal coal

Implications for Australian coal exports and the Bylong Coal mine proposal

(IEEFA Australia) – The South Korean Ministry of Trade, Industry and Energy has tabled a new draft energy master plan that increases the nation’s ambition to move away from coal and towards renewable energy, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The briefing note, South Korea Shifting […]

More News and Commentary

IEEFA: Australia should be a net-zero emissions leader
, and

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: Dalrymple Bay Infrastructure overvalued, overleveraged, over-promised, likely to under-deliver

IEEFA: Dalrymple Bay Infrastructure overvalued, overleveraged, over-promised, likely to under-deliver

Stock market listing slated for 8 December

Coal port operator Dalrymple Bay Infrastructure (DBI) will commence trading on the Australian Stock Exchange (ASX) on Tuesday 8 December. Under the offer, present owner Brookfield Asset Management (Brookfield) is seeking to raise at least A$656 million, equating to a market value (for 100% of the equity) of A$1.3 billion. If defensible, the valuation would […]

December 7, 2020 Read More →

Queensland state government approves development of 500MW Wambo wind farm

Renew Economy: The 500MW Wambo wind farm and associated big battery in the Western Downs region of Queensland has received planning approval from the state government, with construction expected to begin late next year. The Wambo wind project is one of a number of massive new renewable energy projects committed or planned in Queensland. Co-developers […]

October 28, 2020 Read More →
IEEFA update: Dalrymple’s potential stock market debut

IEEFA update: Dalrymple’s potential stock market debut

A coal terminal carrying a heavy debt load and increasing climate risks

Preparations to float Dalrymple Bay Coal Terminal (DBCT) on the Australian Stock Exchange appear to be heating up, with a potential listing date slated for the fourth quarter of this year. Initially marketed to private buyers, plans to sell DBCT located at Hay Point on Central Queensland’s coast were shelved in early 2020 after present […]

October 19, 2020 Read More →

Australian state of Queensland could transition to 100% green electricity in 15 years—report

The Guardian: Queensland has the potential to draw all of its electricity from renewable sources in a 15-year transition away from fossil fuels that would generate almost 10,000 jobs, according to analysis commissioned by the Queensland Conservation Council. Almost 11,000 ongoing jobs would then operate and maintain a suite of energy sources either existing or […]

October 15, 2020 Read More →
IEEFA Australia: Investing in renewable energy will repower aluminium and heavy industry sectors
and

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 →

Report finds Queensland’s newest coal plants are among least reliable in Australia

Renew Economy: Queensland’s newest and most ‘modern’ coal-fired generators have ranked amongst some of Australia’s least reliable, in a new assessment that raises yet more questions around the judgement of the Morrison government, which is pushing for a new coal plant in Queensland’s north. The Australia Institute says in a new report that there were […]

September 10, 2020 Read More →

IEEFA: Grid scale battery costs have reached a tipping point

More battery storage equals less gas

Batteries are usurping the role of gas in the power system. Grid scale battery usage is increasing rapidly, and battery cost deflation is faster than wind or solar.  Gas companies are finally starting to see this transition, and to act. AGL Energy, a company whose very name is synonymous with the gas industry and who […]

September 4, 2020 Read More →

Rising renewable generation in Australia undercutting economics of coal-fired power plants

The Guardian: Coal power plants in New South Wales are running less than 60% of the time due to an influx of renewable energy, increasing the likelihood some could become economically unviable and close earlier than planned. An analysis by Hugh Saddler, an energy consultant and ANU honorary associate professor, also found coal generation in […]

September 2, 2020 Read More →
IEEFA Australia: The state of NSW should not sponsor a loss-making, wealth destroying industry
and

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 […]