Legacy or Travesty – Protecting the Future of Farming
This presentation from Tom Crothers was given at a Property Rights conference on Emerald and covers impacts of mining in the Galilee Basin on groundwater resources, relevant legislation and the role of landholders in the competition for resources in the area. View the presentation here: Legacy or Travesty.
International banks rule out financing Queensland’s Galilee Basin coal projects
A number of international banks have ruled out providing finance for coal projects in the Galilee Basin. Reasons for not financing the development of the Galilee Basin include environmental and social justice concerns, the Equator Principals and not investing in extractive industries in a World Heritage area. Letters from the banks who have ruled out funding, including a briefing note from Rainforest Action Network are available here.
The Equator Principles and financing of coal projects in the Galilee Basin
This report asks the question: can a signatory to the Equator Principles justify involvement in financing greenfield coal projects in Queensland’s Galilee Basin? The new coal mines proposed for the Galilee Basin will result in major increases in Australian thermal coal exports, with implications for greenhouse gas emissions, water resources, native vegetation and the Great Barrier Reef. If these projects are to proceed, Australia’s major banks will be crucial in providing finance. Read the report.
Stranded Down Under: China’s changing demand for coal, what it means for Australia
China’s demand for coal is changing as a result of environment-related factors, including local pollution, environmental regulation, developments in cleaner technologies, improving energy efficiency, changing resource landscapes, and political activism. We look at how this evolving demand picture could translate into impacts on the coal price and on the stranded asset risk faced by coal and coal-related assets in Australia – as a country that is a large and growing coal exporter to China. Read the report.
The global climate impact of coal exports from Australia’s Galilee Basin
Advanced plans are in place to build nine mega mines in the Galilee Basin region of central Queensland. Five of these projects would each be larger than any coal mine currently operating in the country. If these mines go ahead, they could produce more coal than Australia currently exports. If the Galilee Basin were a country, the carbon dioxide produced from using this coal would make it the seventh dirtiest fossil fuel burner on the planet. Read the report.
Groundwater impacts of coal mining in the Galilee Basin
If all of the coal projects proposed for the Galilee Basin are developed they will comprise over 34 open cut pits and 11 underground mines along a 270 kilometre north-south strike, to produce over 300 million tonnes of coal per annum. New analysis shows that an estimated 1522 – 2007 billion litres of groundwater could be lost as a result of water being pumped out or drained by the proposed mines. This report is the first to attempt an assessment of the likely cumulative impacts of all 9 mine proposals. Read the report.
Railroaded: Carving up food lands for coal transport in Central Queensland
This report that says that the Queensland Government proposal to declare a State Development Area across 2 million hectares in Central Queensland, to facilitate coal rail developments, would lead to flooding and significant loss of food-producing land. The proposed rail precincts within the GBSDA cut across 1,680 waterways between the Galilee Basin and Abbot Point. Read the report.
Stranded: Alpha Coal Project in Australia’s Galilee Basin
This report provides a financial analysis of GVK’s proposed Alpha Coal Project. It is prepared by the Institute for Energy Economics and Financial Analysis (IEEFA). Read the report.
The Adani Group: Remote Prospects
This report provides a financial analysis of the Carmichael Coal Mine Project, the Abbot Point Coal Terminal and issues related to the Adani Group’s proposed operations in the Galilee Basin region. The report is prepared by the Institute for Energy Economics and Financial Analysis (IEEFA). Read the report.
Briefing Note: Galilee Basin coal and Indian Power Prices
Financial modelling shows the cost of imported Galilee coal-fired power generation in India is double the current average wholesale cost of electricity making it prohibitively expensive. In this briefing note, the Institute for Energy Economics and Financial Analysis reviews the cost disparity between domestic and imported thermal coal-fired power generation in India. Read the report.