Guidelines for the Economic Assessment of Mining & Coal Seam Gas Proposals

EDO NSW submission on Guidelines for the Economic Assessment of Mining & Coal Seam Gas Proposals

26 November 2015 - Download PDF

This submission to the NSW Planning Department makes 30 recommendations to improve the economic assessments of mining projects. For example, the Guidelines need:

  • further development, consultation and peer-review before being finalised (including on weighing up social and environmental impacts)
  • clearer guidance on cost-benefit analysis and qualitative impacts (those without a ‘dollar value’) in decision-making
  • better ways to account for risk and uncertainty of outcomes 
  • requirements that assessments report on who will benefit and who will bear the costs of projects over time
  • requirements that ‘Local Effects Analysis’ of mining proposals be objective, accurate and balanced
  • an independent panel to peer-review all economic analyses of mining projects (as the draft proposes).