The Airly Coal Mine project is a small, underground mine in the Capertee Valley, north of Lithgow, NSW. It is currently being assessed by the NSW Planning Assessment Commission (PAC). The economic assessment of the project is highly unreliable and its conclusion that the project would provide economic net benefit to the state has no robust analysis to support it. Given the project’s environmental and social impacts are likely to be negative, it is likely the project represents a net loss of economic welfare to NSW.
The Australia Institute has made a submission on the draft Environmental Impact Statement (EIS) for the proposed Abbot Point Growth Gateway Project. The EIS economic assessment is based on flawed economic analysis and ignores the most important economic questions around the project – is it likely to proceed and if so, is it in the best interests of Queensland?
Polling conducted over the weekend shows strong local support for the Newcastle City Council’s decision to include environmental and socially responsible factors together with financial returns in their investments.
47.3% of Novocastrians supported the council’s decision, while 24.8% were opposed.
The NSW Government is currently accepting submissions on how to establish a community benefits fund from the potential development of a coal seam gas (CSG) industry in the state. A Discussion Paper has been published by the Division of Resources and Energy. The Australia Institute has written extensively on the economics of gas in Australia.