Planning guidelines submission

The NSW Department of Planning and Environment released its Guidelines for the economic assessment of mining and coal seam gas proposals for public comment in October 2015.

The Department's aim was to update the current Guidelines to improve the robustness and consistency of economic assessments across NSW.

The NSW Minerals Council commissioned Cadence Economics to provide comment on the Draft Guidelines.

Cadence Economics specialises in quantitative economic analysis, particularly relating to cost benefit analysis (CBA), local effects analysis and economic impact assessment more broadly.

Drawing on our considerable experience in contributing to a range of environmental impact statements (EIS) for various coal mine developments in NSW, the Directors of Cadence Economics undertook a thorough assessment of the proposed guidelines.

We were able to work constructively with both the NSW Department of Planning and Environment, as well as the NSW Minerals Council and its key stakeholders to deliver practical, constructive and economically sound advice on how to improve the guidelines.

In all, we made 7 key recommendations aimed at improving the Draft Guidelines and provide proponents, communities and decision makers a common platform for assessing the merits of these significant investments.

The NSW Minerals Council submission can be found here.

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