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. […]

Read More →
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 […]

Read More →

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 […]

Read More →
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 […]

Read More →
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)

Read More →

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, […]

Read More →
Past Peak Coal in China

Past Peak Coal in China

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

Read More →
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 […]

Read More →
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 – […]

Read More →
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 […]

Read More →

More News and Commentary

Ignoring Market Glut, Australia Weighs $1 Billion Government Loan to Finance World’s Biggest Coal Mine

The Wall Street Journal: Australia’s government has indicated strong backing for a loan of almost 1 billion Australian dollars for Indian conglomerate Adani Group to build the world’s largest coal mine, despite projections of a global glut of the commodity and environmental concerns. The pair also discussed a possible loan from the A$5 billion Northern […]

Read More →

Little Demand Seen for More Australian Coal

Australia Financial Review: Mr Turnbull arrives in India at a pivotal stage in Adani’s marathon effort to have the thermal coal project approved, and at this stage of the game, few can do more to help Carmichael than Australia’s 29th prime minister. A loan through the government’s $5 billion Northern Australia Infrastructure Fund (NAIF) would […]

Read More →

Challenge to Australian Subsidies for Companies Seeking Coal Industry Expansion

The Guardian: A $1bn federal loan to builders of a railway line between the proposed Adani coalmine and the coast would be a direct breach of government policy, a legal group has claimed. Environmental Justice Australia has lodged a formal complaint with the Productivity Commission over the prospect of the Northern Australia Infrastructure Facility partially […]

Read More →

Adani, a Champion for Coal, Turns to Solar in Australia

The Financial Times: Adani Enterprises, which wants to build one of the world’s biggest coal mines in Australia, plans to invest A$2bn-A$3bn in solar power plants in the country over five years as it further diversifies its business beyond India. Jennifer Purdie, chief executive of Adani Australia Renewables, said the company had secured agreements to […]

Read More →

A Coal-to-Renewables Shift Picks Up Across Asia

The Economist: The Hazelwood power station in Australia’s state of Victoria started generating electricity 52 years ago. The stark symbol of an era when coal was king, Hazelwood was one of Australia’s dirtiest: its fuel was the Latrobe valley’s brown coal, a bigger polluter than the black sort. The station was due finally to close […]

Read More →

A Budding Micro-Grid Movement in Australia

Renew Economy: In Onslow, a town used as a base for the huge LNG projects, an even bigger transformation is taking place with a shift towards a renewable energy-focused micro-grid that will reduce the amount of fossil fuels by around 70 per cent. It claims it will be the country’s largest solar and storage micro-grid, […]

Read More →

How Australian Gas Companies Are Gouging Australians (and How It Will End)

The Saturday Paper: Bruce Robertson, a gas specialist with the Institute for Energy Economics and Financial Analysis, takes up the story. “So we’ve ended up with these three plants in Gladstone that are the highest cost plants on the globe,” he tells The Saturday Paper. “What that means when we go into a downturn, as […]

Read More →

Awash in Natural Gas, Australia Has a ‘Shortage’

News.com.au: There are warnings today our gas supply could soon fall short, forcing Aussies to swelter through summer. But an expert says it’s “a total failure” we’re in this position. The idea of a shortage in Australia — the largest gas exporter in the world — is an “absurdity”, according to energy analyst Bruce Robertson […]

Read More →

IEEFA Update: Global Energy-Finance Transition Gains Steam

Electricity-Generation Technologies of the Past Century Are Growing Increasingly Unappealing to Investors

[Editor’s note: This column is taken from a speech last month to the Australian Senate on its inquiry into the retirement of coal-fired power stations] Good afternoon and thank you for allowing me the opportunity to speak on the critically important topic of Australian coal-fired power station retirements, particularly as it relates to energy system […]

Read More →

On the Blogs: Alternate Facts From the Carbon Capture-and-Storage Industry

From Renew Economy: Supporters of carbon capture and storage (CCS) plants on coal power stations are audaciously seeking to sell the story they are cheaper than renewables – despite overwhelming evidence to the contrary. An example of this genre of CCS spin was published early last week in the Australian Financial Review (AFR) which reported […]

Read More →