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

EnergyAustralia plans 2040 closure of Mount Piper, three years early

Renew Economy: EnergyAustralia says it has brought forward the closure of the Mount Piper coal-fired power station in NSW by three years, as part of a plan to accelerate its exit from coal. EnergyAustralia had originally indicated that the 1,400MW Mount Piper coal power station – near Lithgow – could operate until at least 2043. […]

September 23, 2021 Read More →

Proposal released for massive central Queensland renewable hub

Renew Economy: The first stage of a massive renewable energy hub combining wind, solar and storage in central Queensland has been unveiled in a bold pitch to supply heavy industry in the region, including the Boyne aluminium smelter. Renewable energy developers RES and Energy Estate have revealed plans for the Moah Creek Renewable Energy Project, […]

September 9, 2021 Read More →

Rooftop solar could meet 77% of total grid demand in Australia by 2026

Renew Economy: Rooftop solar systems are going to have such an impact in coming years that they will meet up to 77 per cent of total grid demand on occasions within five years, sending minimum operating demand down to levels that had never been contemplated until recently. The Australian Energy Market Operator says the pace […]

August 31, 2021 Read More →
IEEFA Australia: Solar export tax is two steps forward, one leap backwards for electricity consumers

IEEFA Australia: Solar export tax is two steps forward, one leap backwards for electricity consumers

An unhelpful “solution” to a problem that’s already been solved

A milestone decision announced yesterday requires electricity distribution networks (local poles and wires companies) to support energy exports from household rooftop solar systems, batteries, electric vehicles (EVs) and other consumer energy devices. IEEFA notes the Australian Energy Market Commission’s (AEMC) new rules are two steps forward, one leap backwards for electricity consumers. AEMC has made […]

AGL selects Wartsila to build first big battery of series at Torrens Island

Renew Economy: Australian energy giant AGL has chosen Finland-based technology group Wärtsilä to build a 250MW big battery at Torrens Island near Adelaide, the first of what is expected to be a massive rollout of large scale battery storage by the company across the country. The 250MW big battery, sized initially at one hour storage […]

August 9, 2021 Read More →

AEMO focuses on battery inverter equivalent of ‘analogue to digital’

Renew Economy: In the electricity world, it’s about as significant as the transition from analogue to digital, and Australia’s market operator has now openly admitted that the key to the country’s “once in a lifetime” energy transition will be found in advanced grid-scale inverters. The Australian Energy Market Operator on Thursday published a “white paper” […]

August 5, 2021 Read More →

Delayed Bulgana wind-battery hub to enter full production by 2022

Renew Economy: French renewable and battery storage developer Neoen says it expects its heavily delayed Bulgana wind and battery hub in western Victoria to be in full production by the end of the year. The Bulgana Green Energy Hub features a 194MW wind farm supported by a 20MW/34MWh Tesla battery, and was expected to come […]

August 2, 2021 Read More →

Origin announces $1.6 billion write-down of coal and gas assets

Renew Economy: Australia’s biggest energy retailer Origin Energy has announced a massive impairment of $1.6 billion after deciding to write down the value of its coal and gas assets, and also taking a hit on the value of its renewable energy contracts. Origin says the write downs are the result of falling wholesale prices – […]

July 30, 2021 Read More →

AEMO head plans for main grids to handle 100% renewables by 2025

Renew Economy: The newly appointed head of the Australian Energy Market Operator says he wants the country’s main grids to be able to handle periods of 100 per cent renewable energy penetration by 2025. In his first speech since taking up the role in mid-May, Daniel Westerman will plead for the industry to work together, […]

July 14, 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 →