Archive for February, 2016

More News and Commentary

Another Doubling of Coal Tax in India Shows Momentum in Global Electricity-Sector Transformation

Another Doubling of Coal Tax in India Shows Momentum in Global Electricity-Sector Transformation

11.6% Year-Over-Year Decline in January China Coal Imports, 28.6% drop in India, 13.2% Drop in Japan; 31% Fall-Off in U.S. Coal Production

A big clue as to how serious India is about its energy transformation policy is in the doubling this week of its national tax on coal. The increase, to Rs400 per metric ton (US$6/t) is the third time the coal tax—introduced in 2010—has been doubled, and it applies to all domestic and imported coal. Given that […]

February 29, 2016 Read More →

How Are For-Profit Pipelines Fair Use of Eminent Domain?

A Topic From the GOP Presidential Campaign That’s Worthy of More Discussion

One of the many sharp—and welcome—arguments among the GOP presidential candidates of late has been over what constitutes reasonable use of eminent domain. Sen. Ted Cruz (Texas) has called Donald Trump out, for instance, for having used eminent domain to try to demolish the home of an elderly widow in Atlantic City so he could […]

February 29, 2016 Read More →

Divestiture Movement, Deepening Distress of Coal Industry, Emerging Battles Over Solar, Overbuilding of Shale Gas Pipelines Highlight IEEFA Energy Finance 2016 Conference in New York City

Panelists From Deutsche Bank, Moody’s, S&P Capital IQ, New York Mayor’s Office, CalSTRS, Massachusetts Attorney General’s Office, Bloomberg New Energy Finance, Norwegian Parliament

COLUMBIA UNIVERSITY, MARCH 14-16; EXPERTS FROM EUROPE, ASIA, AUSTRALIA,  AND THE AMERICAS NEW YORK, Feb. 29, 2016 — The Institute for Energy Economics and Financial Analysis (IEEFA) today announced a 2016 conference lineup that includes leading energy finance experts, industry regulators, institutional investors, activists, market analysts and commentators from around the world. The conference, Energy […]

February 29, 2016 Read More →

China Delivers Global Record Wind and Solar Installs While National Coal Consumption Drops

Feb. 29, 2016 (IEEFA) — China has formally confirmed two new clean-energy world records in 2015—one for installing a record 32.5 gigawatts (GW) of wind in a single year, and the second for installing 18.3 GW of solar, both higher than initial estimates. Coal consumption fell 3.7% year on year (yoy) on the back of just […]

February 29, 2016 Read More →

Warren Buffet: Energy Transition Spells End Times for Uncompetitive Utility Companies

Stephen Lacey for Greentech Media: Billionaire investor Warren Buffett says that renewable energy and efficiency are pushing utilities beyond a “sloppy” operational model and into a more competitive environment. In his annual letter to Berkshire Hathaway shareholders, Buffett outlined the risks posed by distributed generation to traditional power companies. Berkshire Hathaway, a multinational holding company […]

February 29, 2016 Read More →

Editorial: An ‘Irresponsible’ Governor Thwarts Renewables

From the Indianapolis Business Journal: Gov. Mike Pence says Indiana has “never picked a pencil up” to work on a state energy plan to comply with new federal clean air rules. And Pence told The Indianapolis Star that his administration has no plans to ever do so, especially now that the U.S. Supreme Court has […]

February 29, 2016 Read More →

India’s Clean-Energy Push Imperils Traditional Electricity Generation Industry

Tim Buckley for Renew Economy: In 2015, to little fanfare, Indian Energy Minister Piyush Goyal announced a new policy to progressively tighten emissions controls for new coal-fired power plants from 2017. This last week the Indian Association of Power Producers responded, issuing dire warnings the policy will drive significant economy wide electricity price inflation and […]

February 29, 2016 Read More →

Full 2015 Data: U.S. Coal Loses More Ground to Gas

Everett Wheeler for SNL: Coal-fired generation remained the top source for U.S. electric power supply in 2015, but natural gas came close to displacing king coal in providing a majority of the nation’s energy as natural gas prices fell throughout the year. Prompt-month natural gas futures began the year at $3.003/MMBtu and see-sawed between roughly […]

February 29, 2016 Read More →

China Sees 1.8 Million Coal Layoffs Ahead

Kevin Yao and Meng Meng for Reuters: China said on Monday it expects to lay off 1.8 million workers in the coal and steel industries, or about 15 percent of the workforce, as part of efforts to reduce industrial overcapacity, but no timeframe was given. It was the first time China has given figures that […]

February 29, 2016 Read More →

Wyoming County ‘Hoping for the Best’ on Collecting $50 Million Due From 2 Bankrupt Coal Companies

Mead Gruver for the Associated Press: Campbell County officials say they’re hoping for the best and preparing for the worst as almost $50 million in local taxes owed by two major coal companies that have filed for Chapter 11 bankruptcy comes due next week. Most of the amount due Tuesday is taxes based on the […]

February 26, 2016 Read More →