IEEFA Research

IEEFA Australia: Minerals Council report overstates foreign market’s thermal coal import needs to 2030

Forecast is based on unrealistic estimates India's coal consumption

January 30, 2019 (IEEFA Sydney)—Representing a critical risk for Australian thermal coal exports, an analysis of the Mineral Council of Australia’s recent report methodology shows Australia’s ambition for India as a huge growth export market is both unrealistic and systematically overstates India’s future need for imported coal. In June 2018 The Minerals Council of Australia […]

January 30, 2019 Read More →

IEEFA Australasia: New global energy report headlines decline of coal as cheaper renewable technologies gain preference

International Energy Agency releases annual World Energy Outlook 2018 Report today

Nov. 13, 2018, SYDNEY (IEEFA): Thermal coal is fated for long-term structural decline and energy-related carbon dioxide emissions are increasing despite the Paris targets: those are the key take-outs in the International Energy Agency’s World Energy Outlook (WEO) 2018 report released today, which also finds wind and solar are now two of the top three […]

November 13, 2018 Read More →

IEEFA report: Past their peak, New South Wales coal export volumes head toward terminal decline as markets transition

NSW government must plan now for inevitable transition in local coal communities

Nov. 1,  2018, SYDNEY (IEEFA) – A report published today by the institute for Energy Economics and Financial Analysis sends an urgent message to the New South Wales government that, with coal export volumes having peaked and now facing a terminal long-term decline, transition preparations must be made for the coming decades to prepare businesses, […]

October 31, 2018 Read More →
IEEFA Report: Advances in Solar Energy Accelerate Global Shift in Electricity Generation

IEEFA Report: Advances in Solar Energy Accelerate Global Shift in Electricity Generation

Rapid Cost Deflation, Broad Gains in Scale; Key Momentum in China and India; Crucial Support From International Capital Markets and Tech Giants; Expansion Role Seen for National Governments

May 21, 2018 ( – A report published today by the Institute for Energy Economics and Financial Analysis describes how solar energy is accelerating the transformation of the global electricity-generation sector through gains in technology innovation and price deflation. The study—“Solar Is Driving a Global Shift in Energy Markets”—details some of the world’s biggest utility-scale […]

IEEFA Report: Proposed Coal-Fired Project for Bangladesh Is a High-Priced Scheme Meant to Prop Up Adani Power

IEEFA Report: Proposed Coal-Fired Project for Bangladesh Is a High-Priced Scheme Meant to Prop Up Adani Power

Godda Plan, Contrary to Its Poverty-Alleviation Advertising, Would Cost Customers Dearly

April 10, 2018 ( Adani’s proposed Godda Power project would prove financially unviable and a poor strategic fit for Bangladesh, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The IEEFA study—“Adani Godda Power Project: Too Expensive, Too Late, and Too Risky for Bangladesh”—finds also that the project is […]

IEEFA Report: ‘Here and Now’ — Nine Electricity Markets Leading the Transition to Wind and Solar

California, Denmark, Germany, Ireland, South Australia, Spain, Tamil Nadu, Texas, and Uruguay; Breakneck Speed Is Overtaking Academic Discussion; Renewables Are Providing Security of Supply

Feb. 14, 2018 (IEEFA) — New research by the Institute for Energy Economics and Financial Analysis details how nine major power markets around the world have achieved an outsize share of wind and solar generation while assuring security of supply and are providing compelling examples of the fast-moving evolution of electricity generation. The report, “Power-Industry […]

February 15, 2018 Read More →

IEEFA Australia: Adani Is Said to Seek Financing From a Chinese State-Owned Enterprise

'New Geopolitical Questions for an Already Highly Controversial Project'

Nov. 2, 2017 (IEEFA) — A Chinese government-owned enterprise is being courted as a new partner for Adani’s proposed Carmichael coal mine and rail project in northern Queensland, according to a research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The deal being sought with state-owned China Machinery Engineering Corporation […]

November 2, 2017 Read More →

IEEFA Australia: Escalating Financial Risk in Adani’s Abbot Point Coal Terminal

Begging the Question as to Why the Government Would Lend Heavily to a Tax-Haven Scheme Controlled by a Foreign Billionaire

Oct. 2, 2017 (IEEFA) — New analysis by The Institute for Energy Economics and Financial Analysis (IEEFA) finds that Adani’s Abbot Point Coal Terminal is excessively leveraged, promises negative shareholders equity, and runs the risk of becoming a stranded asset if Adani’s proposed Carmichael mine does not get the A$1 billion Australian taxpayer subsidy it […]

October 2, 2017 Read More →

NAIF Inadequate Project Assessment and Failure of Public Interest Test

Submission to Senate Inquiry into the Governance and Operation of the Northern Australia Infrastructure Facility

Our research in the context of Adani calls into question the project assessment and approval process of the Northern Australia Infrastructure Facility (NAIF) as it relates to a A$900 million loan request as well as the adequacy of the NAIF’s tests for risk appetite and for whether a project is in the public interest. Full […]

August 23, 2017 Read More →
IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On

IEEFA Australia: Hume Coal Proposal Will Be Left Behind as Energy Markets Move On

New Coal Mine Makes Even Less Sense than It Did Last Year; Hume Will Find it Hard to Compete with Higher-Quality Coking Coal

Despite the significant increase in coking coal prices that began in late 2016, the proposed Hume Coal project in the Southern Highlands of New South Wales seems no more likely to proceed now than it did when IEEFA reviewed it ten months ago. Hume Coal, a subsidiary of South Korea’s largest steel maker POSCO, has […]

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IEEFA Australia: NSW’s transition plan for a declining coal market is still missing

State government forecasts show the threat to the Hunter Valley’s coal industry is yet to be taken seriously

The pipeline of coal-fired power projects in New South Wales’ biggest coal export destination is collapsing. In January 2019, the 2 gigawatt (GW) Chiba coal power project in Japan was cancelled. This follows the cancellation of the 1GW Soga coal-fired power project in December 2018. The 1.3GW Akita project has reportedly been cancelled according to […]

IEEFA update: First Chinese major joins over 100 global financial institutions restricting coal finance

In the last two weeks four institutions announced coal exits

SYDNEY — In the last two weeks, four globally significant financial institutions – one leading Chinese financier, two European insurers and one French asset manager – brought in new restrictions on thermal coal financing, insurance and/or investments. Additionally, two important Australian regulatory authorities called on governments and financial markets to prepare for an urgent but […]

March 19, 2019 Read More →

Japanese investors moving away from coal in ‘monumental’ shift

The Guardian: Major Japanese investors, including those most indebted to coal, are seeking to back large-scale renewables projects across Asia, marking a “monumental” shift that energy market analysts say is “the start of the end for thermal coal”. At the same time, Japanese banks and trading houses are walking away from coal investments, selling out […]

March 18, 2019 Read More →

IEEFA Australia: Building new coal mines makes no sense in 2019

IEEFA objects to Whitehaven Coal’s new application

SYDNEY, March 14, 2019 – IEEFA objects to Whitehaven Coal’s current application to open a new thermal coal mine north of Gunnedah in New South Wales, Australia. Currently being reviewed by the New South Wales Independent Planning Commission, the application is to expand Whitehaven Coal’s already approved Vickery Coal Project proposal located on an old […]

March 13, 2019 Read More →

Western Australian government backs ongoing transition from coal to renewables

Renew Economy: Western Australia’s Labor government says it is drawing up plans to facilitate the shift from coal to a grid dominated by renewables, and will develop a “whole of system” plan as well as a strategy to cope with the dramatic uptake of rooftop solar and battery storage. The plan was unveiled on Wednesday […]

March 7, 2019 Read More →

Australia’s largest coal miner plans to cap production at current levels

The Sydney Morning Herald: Australia’s largest coal miner Glencore will cap its global coal output at current levels in the wake of pressure from activist shareholders as part of a pivot towards minerals used in renewable technologies. The miner announced on Wednesday night that, while it will continue mining thermal coal, which is used in […]

February 20, 2019 Read More →

IEEFA Australia: New open cut mine development refused with climate change cited as key reason

Precedent set in measuring the community cost of carbon emissions

SYDNEY – The NSW Land and Environment Court refused development consent for a new open cut coking coal mine in New South Wales’ Gloucester Valley on 8 February 2019, citing the mine’s likely contribution to climate change as a key reason. Gloucester Resources Limited (GRL) had sought development consent for the Rocky Hill Coal Project […]

February 15, 2019 Read More →

Australia rooftop solar tops 8GW mark

Renew Economy: The boom is small-scale rooftop solar installations has continued into 2019, with total installs for the first month of the year reaching 159.4MW – a record for the month that is typically affected by the summer holiday season. The latest data from industry statistician Sunwiz shows a 49 per cent jump on the […]

February 11, 2019 Read More →

Judge blocks Australian coal mine in landmark climate change ruling

Reuters: Developers have lost a court appeal to build a coal mine in Australia’s Hunter Valley over its potentially “dire” environmental impact in the country’s first legal review of a coal mine project to hear evidence from a climate scientist. In the landmark ruling, Justice Brian Preston on Friday denied the appeal on the Rocky […]

February 8, 2019 Read More →

IEEFA update: Even as forecasts signal decline in global thermal coal markets, Australia courts new mines

IEEFA supports new bill prohibiting the opening up of thermal coal mining in Queensland’s Galilee Basin

SYDNEY-Australia continues to blindly court local and multinational mining companies with one of the largest untapped thermal coal deposits in the world, despite the global pipeline of new coal-fired power plants continuing to shrink and global warming becoming blatantly obvious due to extreme record-breaking weather events. Beneath the Galilee Basin in Central Queensland, Australia, is […]

February 5, 2019 Read More →