Bureau of Resources and Energy Economics

Bureau of Resources and Energy Economics

From 1 December 2014 the Bureau of Resources and Energy Economics will be consolidated under the Office of the Chief Economist within the Department of Industry along with the other economic analysis activities of the department. The Office of the Chief Economist’s primary goal is to produce objective, robust and high quality economic analysis to inform policy development across resources and energy, industry and innovation, skills and evaluation. From 1 December, relevant information will be found at industry.gov.au/oce. For more information see the Office of the Chief Economist Question and Answers.

The Bureau of Resources and Energy Economics is an economic research unit within the Department of Industry.

We provide professionally independent, high quality economic research, data, analysis and advice to governments, industries and other stakeholders on issues affecting Australia's energy and resources sectors.

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Recent updates

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20 Nov—Release of Energy in Australia 2014

The energy industry continues to be an important contributor to the Australian economy, according to Energy in Australia 2014, released today by the Bureau of Resources and Energy Economics (BREE). ‘In 2013–14, the energy industry accounted for 7 per cent of Australia’s GDP and $71.5 billion in export earnings’, said Wayne Calder, Deputy Executive Director of BREE.
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19 Nov—Long-term projections for Australia’s energy consumption released

Australian Energy Projections to 2049-50 shows Australia’s primary energy consumption is projected to grow by 42 per cent to 2049-50, at an average annual rate of 1 per cent a year. This moderate growth reflects a long-term fall in energy intensity, accelerated by drivers such as energy efficiency, increased use of renewables, and a move toward less energy-intensive sectors such as the commercial and services sector relative to energy-intensive sectors such as manufacturing. Electricity generation is projected to grow at the rate of 0.8 per cent a year to 2049-50. Electricity generation from renewable technologies is expected to be 22 per cent of total generation in 2019-20. With declining oil production and limited prospects for an expansion of refinery capacity, coupled with recent refinery closures, Australia’s net trade position for crude oil and refined petroleum products is expected to deteriorate over the outlook period.
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13 Nov—China’s Q3 growth affected by weak real estate and heavy industrial investment

Weak real estate and heavy industrial investment weighed China’s economic growth rate down in Q3 however China’s resources and energy use continued growing across most commodities with Australia exporting record volumes of iron ore according to the latest release of the Westpac-BREE china Resources Quarterly.
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12 Nov—Upcoming BREE Workshop 2014

The workshop will be motivating, inspiring and encourage stimulating discussion. It will include presentations from all five BREE program’s and leading industry and academia keynote speakers. There will also be an opportunity to interchange ideas and for you to expand your network.
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31 Oct—Emerging liquid fuel production technologies to make a splash

The Australian Liquid Fuels Technology Assessment is a first of a kind study, providing comparable cost estimates of liquid fuel production technologies under Australian conditions, with projections out to 2050. The report finds costs of emerging technologies will be competitive with established technologies.