My latest report: The Economic (non)viability of the Adani Galilee Basin Project
and, news that Adani is blending more domestic coal in the fuel for its Indian power plants to cut costs. That makes high-ash Carmichael coal even less appealing.
Month: June 2017
Weekly email #6
Here’s my latest weekly email. If you want to be added to the recipient list email me at johnquiggin1@mac.com
Murray-Darling Plan Doomed to Fail
That’s the conclusion of a recent depressing report from the Wentworth Group. There is, of course, an “unless”, but having spent decades of my professional life on this issue, I can’t say I’m hopeful. Certainly, there’ll be no progress under the current government, as this issue is now part of the culture wars. Whether Labor will do any better, I don’t know. Here’s the comment I provided to the Australian Science Media Centre.
The depressing outcomes reported by the Wentworth Group are the inevitable result of the policy decision to abandon buybacks, that is, the voluntary purchase of water entitlements from irrigators who are willing to sell those entitlements. Buybacks are by far the most cost-effective method of securing additional water for the environment as well as providing a direct benefit to farmers, who can use the proceeds to reinvest in dryland agriculture or to assist a transition out of agriculture. The abandonment of buybacks, combine with a failure to address the needs of irrigation-focused communities in the Basin represents the worst of all policy worlds.
Monday Message Board
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
A new New Deal?
I’ll be talking to the Fabian Society in Melbourne on Wednesday night, looking at the failure of neoliberalism and options for a new “New Deal”.
A Potemkin HQ? (updated)
A few weeks ago, Queensland Premier Palaszczuk and Adani’s Australian head, Jeyakumar Janakaraj opened the company’s new Regional Headquarters in Townsville. It was announced that “Townsville will benefit from about 500 jobs in Adani’s regional headquarters and about half of those should happen within weeks”. “Within weeks” can mean anything, I guess but the obvious interpretation is that things ought to be happening about now.
If so, it’s hard to detect from afar.
Update A Townsville reader informs me that Adani’s sign is still adorning its new HQ, though it’s unclear whether there’s anything more than a sign. Also, Adani has reannounced a jobs portal that has been up on its website since January.
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Indigenous rights and the Adani Project
As a part of my work on the Adani mine-rail-port project, I’ve been providing economic input to a project with Kristen Lyons and Morgan Brigg at UQ aimed at supporting the Wangan and Jagalingou Traditional Owners Family Council (W&J) in their attempts to assert control over their traditional land. So far we’ve produced an initial report, a summary of which has appeared in The Conversation.
My general aim in this work is to examine more sustainable economic models than coal mining for both indigenous and non-indigenous people in the North Queensland region. More on this soon, I hope.
