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 Japan: Early days, but momentum away from coal is building

IEEFA Japan: Early days, but momentum away from coal is building

From September to December 2018, the prime minister, corporations and lenders have been pivoting towards renewables

SYDNEY –  Over the last decade Japan has consistently been placed in the top three leading global exporters of financially supported coal-fired power engineering and technology capacity. In recent months however there are emerging signs of a strategic pivot away from coal, driven by a recognition of the stranded asset risks in thermal coal mining […]

and December 21, 2018 Read More →

IEEFA India: Removing the roadblocks to accelerate renewable energy deployment

Solar and wind projects can be scaled up quickly and financing is available

India is transforming its national electricity system by incorporating deflationary renewables. In doing so, it is improving energy security, reducing reliance on imported fossil fuels, addressing air pollution, and lowering emissions intensity. The timing of this transformation is spot on. India’s economy is set to double by 2030. Even with improved energy efficiency and lower […]

and December 4, 2018 Read More →
IEEFA update: India on track to meet majority of Paris goals

IEEFA update: India on track to meet majority of Paris goals

Becoming a global climate leader by meeting one target a decade earlier

Dec 3, 2018: IEEFA finds that  India is on track to achieve the majority of its Paris agreement goals, with further estimates that India will achieve its 40% non-fossil fuel capacity target a decade early. India’s achievement follows Prime Minister Narendra Modi’s 2015 announcement of ambitious policy commitments to meet the global Paris Agreement, with an emphasis […]

IEEFA Australia: The most capital-efficient solution to drive the energy transformation is a global price on carbon

Woodside Energy’s CEO Peter Coleman calls for a global carbon price

Australia’s largest listed energy company, Woodside Energy Ltd has called for a price on carbon and national energy consensus to meet global Paris commitments and as a pre-requisite to sustainable economic growth for Australia. Woodside’s call is a timely reminder that people and communities cannot afford to wait for governments to act. Business communities needs […]

November 14, 2018 Read More →

IEEFA Australia: Thermal coal export sunset looming closer

Glencore failing investors in its latest forecasts

For more than a decade, the figures looked good. Australia’s thermal coal mining export industry was experiencing an unprecedented rise in the coal seaborne market. Up to 2015 the numbers were singing. Australia was leading the market as the world’s biggest exporter of coal. But then something happened. Australia’s thermal coal exports lost their momentum. […]

November 8, 2018 Read More →

IEEFA India: Company’s new estimates for tariffs at proposed Khurja thermal coal plant are inconsistent and unrealistic

THDC should come clean on assumptions behind revised cost of energy from Khurja plant

SYDNEY – In a report we published last week, IEEFA found that Tehri Hydro Development Corp. (THDC)’s proposed Khurja coal-fired power plant in Uttar Pradesh, India would push up the cost of electricity at a time when the country’s renewable energy options are far cheaper, accessible and more sustainable. One of the major stumbling blocks […]

and October 30, 2018 Read More →
IEEFA update: Offshore wind power, the underexplored opportunity that could replace coal in Asia

IEEFA update: Offshore wind power, the underexplored opportunity that could replace coal in Asia

Technological improvements have changed the game; global capacity could grow to 115 GW by 2030

The global renewable electricity sector transformation has gained unprecedented impetus due to accelerated deflation in wind and solar power costs. Classic benefits of technological improvements, innovative financing, low externalities and economies of scale have all come to fruition in the renewable energy sector. In IEEFA’s view, similar momentum is unfolding in the underexplored domain of […]

and August 30, 2018 Read More →

IEEFA update: India coal plant cancellations are coming faster than expected

Global Coal Plant Tracker shows project pipeline shrinking by 25%

The latest data from the Global Coal Plant Tracker (GCPT) shows that India’s coal-fired pre-construction project pipeline has shrunk by a quarter, that is 24 GW in the last six months alone. India’s thermal power giant NTPC Ltd has reportedly shelved 10.5 GW of its planned coal-fired power projects year-to-date. Project cancellations are coming faster […]

and August 23, 2018 Read More →

IEEFA update: Risk to India’s banking sector in rising tide of stranded assets

An array of market and policy forces continues to undermine coal-fired electricity generation

SYDNEY — The thermal sector of India’s power-generation industry that accounts for US$40-60 billion in potentially stranded assets continues to pose trouble for Indian banks. The sector’s underperformance is exemplified by unsustainably low capacity utilisation rates of less than 60% over the past two years combined with excessive financial leverage that makes debt servicing extremely […]

and August 21, 2018 Read More →

IEEFA op-ed: India is helping bring the era of coal to an end

Project postponements and cancellations are harbingers of a new Asian energy economy

SYDNEY—Tony Abbott, Australia’s former prime minister, was photographed in Parliament just a couple of weeks ago clutching a document titled, “Coal era is not over.” According to Australia’s pro-coal “Monash Forum” parliamentarians, of which Abbott is a founding member, India in particular is ensuring a rosy future for coal exporters such as Australia by way […]

July 3, 2018 Read More →