Author Archive: Tim Buckley

Director of Energy Finance Studies, Australasia, Tim Buckley has 25 years of financial markets experience, specializing in equity valuation, including as a top-rated analyst and as co-founder and managing director of Arkx Investment Management.


IEEFA Global: The IEA Acknowledges the Public-Health Costs of Coal-Fired Electricity, but Still Comes Up Short


An Agency Struggling to Appreciate How Fast the New Energy Economy Is Evolving


The International Energy Agency today published a report that’s been a long time coming in its acknowledgement of explicit public-health risks in pursuing outdated energy-development policies. Here’s the headline on the agency’s very own press release this morning: “Small Increase in Energy Investment Could Cut Premature Deaths From Air Pollution in Half by 2040, Says […]

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A Step Backward for Bangladesh

A Step Backward for Bangladesh

Rampal Power Project: Fraught With Unacceptable Risk and Out of Step With the Times

We’ve published a report today that explains how the proposed coal-fired Rampal Power Plant in southwest Bangladesh would drive up electricity rates, cost far more than its promoters say, and put investors and consumers at a myriad of risks. Our report, “Risky and Over-Subsidized: A Financial Analysis of the Rampal Power Plant,” outlines why the […]

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15.5% Drop in China Coal Production Shows Transition Gaining Speed

Ramifications for Global Energy Markets; Broad Gains in Renewables; a Less Industrial and More Service-Driven Economy; 99% Increase in Electric Vehicle Sales

The 15.5 percent drop in China’s production year on year in May and the cumulative 8.7 percent year-over-year decline since January has deep ramifications for the global coal industry. China produces and consumes half the world’s coal, and its production declines so far this year are double what they were over 2015. The drop comes […]

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Cancellation of 4 Ultra Mega Power Plants Underscores India’s Commitment to Transition



Cancellation of 4 Ultra Mega Power Plants Underscores India’s Commitment to Transition



A Series of Deliberate Moves Toward Diversification and Modernization 


India continues to make no bones about its intentions to move away from coal-fired electricity generation. In yet another major policy shift underscoring how seriously the country is working to transform, modernize and diversify its electricity sector, the Indian Energy Ministry just this week announced plans to cancel four proposed coal-fired power plants with a […]

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IEEFA Data Bite: Global Solar Deployment Accelerates

Record Installation Rate in 2015; Aggressive Push in India; Milestone in the Middle East; Technology Breakthrough in Australia; Battery Advances Seen as Adding to Momentum

Solar energy is increasingly complementing the rapid deployment of wind and hydro-electricity projects around the world. Recent improvements in economies of scale, solar-technology breakthroughs and rapid cost deflation all augur for yet another record year in 2016. Together, solar, wind and hydro are accelerating in particular the substitution of thermal power generation by renewable energy […]

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West Australian Mine Owner Reports More Losses, Shows No Ability to Cover Clean-Up Costs


Government Regulators Are Doing Nothing to Protect the Public Interests in Lanco Infratech’s Handling of Griffin Coal Mine

In reporting a net loss of US$40 million for the year to March, Lanco Infratech of India, owner of the loss-making Griffin Coal Mine in Western Australia, has notched up its fifth consecutive year of losses. The performance only compounds the clear and ongoing state of financial distress for this Indian conglomerate. Net debt rose […]

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A Top Industry Advisor, Long Singing the Coal-Export Anthem, Follows a New Tune

A Top Industry Advisor, Long Singing the Coal-Export Anthem, Follows a New Tune

Firm Continues to Distance Itself From Its Previous Assessments

Wood Mackenzie in the lead-up to the collapse in the coal industry was the principal major business consultancy driving bullishness on the global coal trade. Granted, Wood Mackenzie is a firm with a great brand name—much of it deserved. Its coal-export analysis in recent years is not among the sagas that have earned it its strong reputation, […]

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GVK, Indian Player in Proposed Alpha Coal Mine, Makes No Mention of Project in Latest Filings

Financial Close Remains as Elusive and Distant as Ever for Development Plans in Northern Australia

India’s GVK Power & Infrastructure Limited this weekend reported its year-to-March 2016 results, detailing its fourth consecutive annual loss. Net debt increased US$435 million to a record high of US$3.5 billion. In contrast, shareholders equity shrank 30 percent year on year to US$202 million. Earnings Before Interest and Tax (EBIT) covered just 36 percent of […]

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Coal Decline Steepens in 2016 in India, China, U.S.

Coal Decline Steepens in 2016 in India, China, U.S.

Indian Coal Imports Drop 15% in April 2016, Again; China’s Jan-April 2016 Coal Production Down 6.8%

The global coal industry continues to reel under the inevitable triple pressures of excessive financial leverage, tightening global climate policy consensus and a technology driven transformation that is increasingly transferring pricing power from global fossil fuel conglomerates to energy consumers. The result is accelerating energy sector deflation across oil, liquid natural gas and coal. Expectations […]

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Mitsui Joins Japanese Financiers Fleeing Coal


Like each of the Japanese trading houses, Mitsui & Co has this week reported a net loss for the year on the back of massive write-downs on its resource holdings. As per the excerpts below from a Reuters article on the development below, the CEO has announced near term plans to sell a third of […]

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