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IEEFA Update: Taxpayer Exposure to U.S. Coal Reclamation Costs Runs Deep

IEEFA Update: Taxpayer Exposure to U.S. Coal Reclamation Costs Runs Deep

Public Risk in Alaska, Colorado, Missouri, North Dakota, Texas, Virginia, West Virginia, and Wyoming

A report that came out last month from the nonpartisan Government Accountability Office recommends that Congress eliminate the risky system of self-bonding by coal-mining companies. But the report also raises concerns about the financial stability of surety-bond companies, a much more common form of reclamation bonding, as well as problems with underfunding for mine cleanup costs. […]

April 20, 2018 Read More →

U.K. Sets New Record for Coal-Free Generation

The Independent: Britain has gone more than two days without using any coal-fired power for the first time in more than a century. The record run of almost 55 hours of coal-free electricity generation between Monday and Thursday is a mark of the fossil fuel’s “rapid decline,” experts said. It is the first time the nation […]

April 20, 2018 Read More →

Australia Moves Closer to Resolving Long-Running Energy, Environmental Disputes

Reuters: Australia moved a step closer on Friday to ending a decade of political bickering over climate and energy policy, with broad support emerging for a national power plan that would also include emissions cuts. State energy ministers agreed to push ahead with a detailed design for a National Energy Guarantee, as proposed by the […]

April 20, 2018 Read More →
IEEFA India: New National Electricity Plan Reinforces Intent Toward 275 Gigawatts of Renewables-Generated Electricity by 2027
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IEEFA India: New National Electricity Plan Reinforces Intent Toward 275 Gigawatts of Renewables-Generated Electricity by 2027

Latest Energy Policy Document Supports Transition Momentum; 48 GW of Coal Plant Closures Seen Over the Next Decade

India’s newest power-sector blueprint, the National Electricity Plan 2018 (NEP 2018), reinforces the government’s commitment to transforming the Indian electricity sector, retaining a core target of 275 gigawatts (GW) of renewable energy by 2027. Meanwhile, a Central Electricity Authority data release that tracks the performance of the sector over the fiscal year to March 2018 […]

IEEFA Report: Indonesia’s State Power Company Continues to Lag Global Shift in Electricity Generation

IEEFA Report: Indonesia’s State Power Company Continues to Lag Global Shift in Electricity Generation

‘Sinking Under the Weight of a Flawed Planning Process That Lacks Crucial Insight Into Clean Energy Trends’

IEEFA — Indonesia’s national power company is perilously out of step with global trends in electricity generation even as it seeks a more than $1 billion infusion from international bond markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — “Perusahaan Listrik Negara (PLN): A Power Company […]

April 19, 2018 Read More →

Renewable Energy Development in India Gets Big Boost From New Green Fund

Reuters: LONDON—Lightsource BP and Indian private equity fund Everstone Group announced on Wednesday the creation of a 500 million pound ($711 million) fund to invest in renewable energy and clean technology in India. The fund, named Green Growth Equity Fund (GGEF), was launched with an initial war chest of 240 million pounds shared equally by […]

April 19, 2018 Read More →

Plug Pulled on Long-Delayed Clean Coal Project In Australia

The Sydney Morning-Herald: The last of a long list of government-backed “clean coal” projects has fallen over, with the Andrews government reluctantly confirming the end of a $90 million program announced amid much fanfare six years ago. After days of pressing by The Age, Treasurer Tim Pallas’ department issued a statement announcing the conclusion of the […]

April 19, 2018 Read More →

Iowa’s MidAmerican Continues Push to 100% Renewables

GreenBiz: Falling prices for solar and wind power, and support from customers, is helping the Iowa utility owned by Warren Buffett’s Berkshire Hathaway gain on its goal of generating 100 percent renewable energy for its customers, a company executive said. MidAmerican Energy, one of four utilities that Berkshire owns, is in one of the windiest places […]

April 18, 2018 Read More →

Opponents Question Need for PNM Coal Plant Repairs

The New Mexican: Nine advocacy groups, led by New Energy Economy, asked the New Mexico Public Regulation Commission to investigate the cause of a March blaze at the coal-fired San Juan Generating Station northwest of Farmington. The petitioners want to prevent Public Service Company of New Mexico from making substantial improvements to Unit 1, the […]

April 18, 2018 Read More →

West Virginia Senators Push Tax Subsidy Plan for Coal Plants

WVNews: Sen. Shelley Moore Capito (R-W.Va.) and Sen. Joe Manchin (D-W.Va.) are pushing legislation that would give tax breaks to help keep coal-fired power plants in operation. On Monday, Capito introduced the Electricity Reliability and Fuel Security Act, which would provide a temporary tax credit for existing coal-fired power plants to help cover a portion […]

April 18, 2018 Read More →