Tag Archives: environment

Adani Mining announced today that its scaled-down Carmichael mine project would proceed without any external funding. Before considering reactions, it’s important to recall causes for scepticism. First, Adani has repeatedly announced the imminent start of the project, while doing little or nothing. It is possible that this announcement will be followed by months, or even years, of “pre-construction activity” during which the project is kept alive with minimal expenditure from Adani....

Adani has just announced another scaled down version of its proposed Carmichael mine, bringing the initial capital cost down to $2 billion, and the estimated  initial output to 10-15 million tonnes a year. As usual, the claim is that financing will close in the near future. Unfortunately, it is possible that this time the project will go ahead. The Indian Supreme Court has reopened the possibility that Adani may be able to pass on to customers the costs of imported coal for its Mundra...

In my recent piece in The Guardian, mostly about Adani, I observed The paradoxes of Adani are mirrored in the global coal market. Despite a small increase in 2017, global coal production is below its 2013 peak. Yet prices have recovered strongly, yielding big profits to existing miners and offering a seemingly tempting prospect for new mines. It turns out that this isn’t quite right. The benchmark Newcastle price, for low-ash coal with a heat content of 6000kcal/kg has risen strongly,...

I have a piece in The Guardian under the headline Adani’s rail line cut shows project is on life support but still a threat to climate, starting with the observation The recent announcement by Adani that it will halve the costs of its rail line to the proposed Carmichael coalmine by building a shorter, narrow-gauge line raises an obvious question: if such a massive cost-saving is feasible, why didn’t Adani go that way in the first place? I also address the broader question If coal is...

Amid the recent upsurge of leadership speculation, this time affecting the government, a crucial observation on the so-called National Energy Guarantee seems to have been missed. No one thinks the NEG is a good policy: its selling point is the claim that it could resolve, once and for all, the political fight over climate and energy policy.  After the last few days, that claim has fallen in a heap. A few days after claiming the endorsement of his party room for the previous version of...

Against my better judgement, I got sucked into a minor Twitterstorm over the weekend. The main outcome was to remind me that, while Twitter is useful in the role of a microblog, providing quick links to, and sharp observations on, more substantial material, it is utterly useless as a venue for discussion and debate. Update : A large number of nuclear fans were eager to tweet and share snarky responses on Twitter, but only three people were willing to debate the issue here. Thanks to...

I’m going to be talking to Steve Austin on ABC 612 Brisbane today, hopefully about COAG’s rejection of the Turnbull government’s National Energy Guarantee. As I said when this policy was cooked up in a matter of a few weeks last year The most important thing to understand about the federal government’s new National Energy Guarantee is that it is designed not to produce a sustainable and reliable electricity supply system for the future, but to meet purely political objectives for the...

In the last week we’ve had reports on the future of the electricity system from the ACCC, AEMO and ESB.  These acronymic bodies all share in the responsibility for the mess we find ourselves in today. Their reports are not only inconsistent with each other in critical respects, but internally incoherent. The one thing they have in common is that they all assume that Australia should do nothing more about climate change. In this, they are reflecting the Trumpist views of our  government,...

Guest post by Jeff Mosenkis of Innovations for Poverty Action. Petronia (above), an online course and game from the National Resource Governance Institute, lets users run a fictional country where oil is discovered to see if they can avoid the resource curse. (h/t David Batcheck) From the Stata journal– A new command, baselinetable, creates handy summary stats tables for your baseline reports to make sharing your findings much easier. It exports to Stata, Excel, CSV, etc to make it really...

That’s the headline for my latest piece in Crikey, reproduced over the fold. Not really news for those who’ve been paying attention, but I was pleased with this observation the latest nuclear power plants have the unfortunate distinction of being simultaneously untried and obsolescent. Nuclear power advocates are running out of fuel The diminishing band of nuclear power fans had some rare good news recently. Two of the leading designs for new nuclear power plants — the AP1000, designed...