Australia

IEEFA Research

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

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IEEFA ‘Pipe Dream’ Report Questions Rationale for North East Gas Interconnector in Australia

IEEFA ‘Pipe Dream’ Report Questions Rationale for North East Gas Interconnector in Australia

A Financially Weak Pipeline Project Hampered by a Global Glut in Liquefied Natural Gas

We’re publishing a report today questioning the economics and financial footing of the proposed $800 million North East Gas Interconnector (NEGI) in Australia. The report—“Pipe Dreams: A Financial Analysis of the Northern Gas Pipeline”—also examines the implications of awarding an unregulated monopoly over the pipeline to Jemena, a Singaporean and Chinese government-owned company, via State […]

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New IEEFA Report: ‘Sub-Critical Australia’ East Coast Grid Needs an Electricity Market Plan

SYDNEY 17 May 2016 (IEEFA.org) – Australia’s east coast electricity market currently faces a disorderly transition resulting in the potential for black-outs and poor social and environmental outcomes, according to ‘Sub-Critical Australia,’ a new report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). According to the report, Australia’s National Energy Market […]

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If Peabody Is to Recover, It Must Close More Mines

If Peabody Is to Recover, It Must Close More Mines

The World’s Biggest Private-Sector Coal Company’s Current Turnaround Strategy Won’t Work

Peabody Energy, the largest private-sector coal-mining company in the world, is out with a dismal review today of its 2015 performance. The metrics unto themselves are damning, and Peabody’s plan for turning things around is even worse. In a report we’ve just published (with the Seattle-based Sightline Institute)—“Peabody’s Strategies for Survival Ignore Market Realities and Risks […]

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Report: Wollongong Coal Ltd’s Russell Vale Coal Mine A Likely Stranded Asset

Report: Wollongong Coal Ltd’s Russell Vale Coal Mine A Likely Stranded Asset

Wollongong Coal Ltd’s Russell Vale Coal Mine A Likely Stranded Asset (pdf)

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Fact-Checking the Claim That Australian Coal Is Clean

Studiously Avoiding the Trend Toward a New Energy Economy

We’re seeing an increasing number of boastful assertions by Australian politicians that Australian coal is environmentally friendlier than other coal. It’s not true—and we’ve published a fact sheet here that gets into the weeds of it—but one illuminating comparison can be found when you stack Australian benchmark thermal coal up next to coal from Indonesia, […]

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Past Peak Coal in China

Past Peak Coal in China

Past Peak Coal in China, Nov 2015  Chinese translation of press release (pdf)

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New IEEFA Report – Adani: Remote Prospects

New IEEFA Report – Adani: Remote Prospects

Obstacles to Adani’s Project in Australia Have Only Grown: The Strategic ‘Moment’ for Coal Mining in the Galilee Basin Has Passed; Public Investment Is Ill-Advised; Markets Will Not Support an Unbankable Development

Almost two years ago we published a review in which we raised doubts about the Adani Group’s proposed Carmichael coal mine in the Galilee Basin of Australia and the associated rail and port infrastructure development. The mine would ship coal through the port at Abbot Point in the Great Barrier Reef. Today we’ve published an […]

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India’s Electricity-Sector Transformation

India’s Electricity-Sector Transformation

New IEEFA report- India’s energy transformation gathers momentum

10 August, 2015: India’s ‘seven horses of energy’ electricity sector transformation is gathering pace, with far-reaching ramifications for renewable energy development and the structural decline of seaborne thermal coal, according to a new report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Indian energy analysis firm, Equitorials. The report – […]

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A White Elephant at Newcastle

A White Elephant at Newcastle

T4 Would be Redundant, and It Is Not in Australia’s National Interest

A proposal to build a fourth coal-export terminal in Newcastle, Australia, is about as big a boondoggle in the making as one can imagine. Even executives at Port Waratah Coal Services, the company that wants to erect the T4 facility are having trouble explaining the sense of the project. “T4 will only be built if […]

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More News and Commentary

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IEEFA Update: Adani Has Gone Quiet on Its Australia Coal Mega-Project

Developer Lacks the Capacity to Go Forward on Carmichael

The latest quarterly financial report from Adani Enterprises Ltd. is illuminating in no small part for what it does not say. Adana is the company that for years has championed construction of the proposed Carmichael project in Australia, a multi-billion-dollar undertaking that would purport to supply coal to India. Yet the project gets no acknowledgement […]

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IEEFA India: Latest Record-Low Bids Underscore Solar’s Commercial Viability

International Coal Markets Are at Risk as Transformation Continues

As India was crossing the 50-gigawatt (GW) threshold for cumulative installed renewable energy capacity (excluding large hydro), the initial bids for its first major solar auction of 2017 were announced—and came in at a record low Rs3.59-3.64/kWh this week. That’s down 16 percent year on year against the previous record low bid. This trend is not […]

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On the Blogs: The ‘Clean Coal’ Controversy in Australia

John Englart for NoFibs.com.au: Significantly, this week we have had the Prime Minister Malcolm Turnbull making statements in support of ‘clean coal’ at the National Press Club. Similar to Tony Abbott’s coal lobby line of Coal is good for humanity. The Australian Conservation Foundation were quick to send a Note to PM: clean coal doesn’t […]

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Revisionist Policy Drift in Australia Toward Expanding Definition of ‘Clean Coal’

Michael Slezak for The Guardian: Just a few months ago, the idea that a new coal power station would ever be built in Australia seemed laughable. Banks, energy companies and even the Turnbull government seemed to accept the inevitable decline of the coal industry. But, since then, the Turnbull government has been furiously talking up […]

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High-Cost Narrabri Gas of No Value to Santos or Consumers

Australian Project Unlikely to Reach Commercialization

Feb. 2, 2017 — Santos’ Narrabri CSG project, which lodged its Environmental Impact Study (EIS) this week, remains unlikely to ever reach commercialization, according to the Institute for Energy Economics and Financial Analysis (IEEFA). “The project has been a massive loss-making investment for both Santos and its original partner TRUenergy,” said IEEFA analyst Bruce Robertson. “After […]

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China’s ‘Going Global’ Strategy Apparent in Australian Coal Move

Joanne McCarthy for the Newcastle (Australia) Herald: Yancoal’s $3.2 billion purchase of Rio Tinto’s Hunter coal assets is both a Chinese government endorsement of the NSW thermal coal export industry and a reflection of China’s “going global” mandate while its domestic coal industry contracts, says analyst Tim Buckley. Yancoal has made an “opportunistic move” into […]

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IEEFA Asia: More Bad Numbers for Adani; a Renewables Merger in India; Change of Note in China
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IEEFA Asia: More Bad Numbers for Adani; a Renewables Merger in India; Change of Note in China

Why a Massive Proposed Coal Project Remains Unbankable

Adani Power Ltd reports another net loss—of US$48 million—in the three months through December. This puts the company as the proposed cornerstone customer in a plan to build the massive Adani Enterprises Carmichael coal project in Queensland on track for its fifth year of enormous losses since FY2012. The latest numbers highlight the strategic weakness of […]

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Transformational Year Seen in Australian Solar

Jonathan Gifford for RenewEconomy: 2017 will represent a “transformational” year for solar farm development in Australia, with over 20 projects likely to reach financial close. While the 12 ARENA supported projects are likely to be the first to lock in funding, an additional pipeline of projects is set to attract overseas and domestic investors. Sustainable […]

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Gas Industry Has Manufactured a Shortage Myth

Melissa Davey for The Guardian: Australia’s gas companies have manufactured a myth that there is a gas shortage, an economist with the Institute for Energy Economics & Financial Analysis, Bruce Robertson, said. The idea that onshore coal seam gas exploration would ease pain for manufacturers by bringing down high local gas prices in a low-price […]

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U.S. Trends in Coal-Plant Closures Spread to Australia, Germany

Sonal Patel for Power magazine: Difficult market conditions have accelerated the much-hyped closures of a string of coal-fired power units in the U.S., but the phenomenon is extending overseas, gripping plants in Australia and Germany. In the wake of the Paris agreement in December 2015, a number of governments have moved to phase out coal-fired […]

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