New South Wales, Australia

IEEFA Research

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 […]

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 […]

May 16, 2016 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)

December 18, 2015 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 […]

July 14, 2015 Read More →
Global Energy Markets Transition Drives Thermal Coal Into Structural Decline

Global Energy Markets Transition Drives Thermal Coal Into Structural Decline

New Research by IEEFA Sees Slowing Demand for Coal and Rapidly Rising Investment in Renewables CLEVELAND, Jan. 14, 2015 (IEEFA.org) — Rapid expansion of renewable energy combined with weakening electricity demand are driving a structural decline in seaborne thermal coal markets, according to a new briefing released today by the Institute for Energy Economics and […]

January 14, 2015 Read More →
Briefing note: The Narrabri Coal Seam Gas Project

Briefing note: The Narrabri Coal Seam Gas Project

Briefing note: The Narrabri Coal Seam Gas Project (pdf) By Tim Buckley, Director of Energy Finance Studies, Australasia

December 9, 2014 Read More →
Briefing note: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals

Briefing note: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals

Briefing note: The outlook for financing for Australia’s Galilee Basin coal proposals By: Tom Sanzillo, IEEFA Director of Finance

October 22, 2014 Read More →
Briefing note: Fossil fuels, energy transition & risk

Briefing note: Fossil fuels, energy transition & risk

 Briefing note: Fossil fuels, energy transition & risk (pdf)

June 5, 2014 Read More →

More News and Commentary

Australia Scales Down China Shenhua’s Expansion Plans

Rod McGuirk for the Associated Press: A state government said on Wednesday it would buy back most of a Chinese mining company’s coal exploration license for 262 million Australian dollars ($201 million) to help protect some of Australia’s most fertile farmland. The New South Wales state government said it would buy back 51.4 percent of […]

July 12, 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 […]

‘Shenhua buy back made easier by kill clause’

Jamieson Murphy for the Northern Daily Leader: BARGAINING POWER: The government is negotiating to get the Exploration Licence (black dotted line) to hug the project boundary (red line), but experts believe Shenhua may be open to a total buy back. WITH the kill clause in Shenhua’s contract fast approaching, the state government is in a powerful, but delicate, […]

October 20, 2016 Read More →
Australia’s East Coast Electricity Grid Is Over-Dependent on Sub-Critical Coal and in Need of Reform

Australia’s East Coast Electricity Grid Is Over-Dependent on Sub-Critical Coal and in Need of Reform

A report we’ve published today Sub-Critical Australia: Risks From Imbalance in the Australian National Electricity Market,” concludes that Australia’s outdated east coast electricity grid (NEM) is over-reliant on sub-critical generation and in need of modernizing. Our research shows that the National Electricity Market (NEM) in Australia is dominated by sub-critical electricity generators that are in […]

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 […]

May 16, 2016 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)

December 18, 2015 Read More →
Anglo American’s Drayton South Coal Mine A likely Stranded Asset

Anglo American’s Drayton South Coal Mine A likely Stranded Asset

Planning Assessment Commission Submission

      Tim Buckley’s submission to the Planning Assessment Commission relating to the Drayton South coal proposal and public hearing.  The Institute of Energy Economics and Financial Analysis (IEEFA) believes the externalised costs to the community will exceed the questionable benefits of the greenfield Drayton South coal mine proposal in the Hunter Valley for its […]

September 9, 2015 Read More →
Planning Assessment Commission – Regarding Warkworth Continuation Project

Planning Assessment Commission – Regarding Warkworth Continuation Project

Planning Assessment Commission Submission from Tim Buckley, Director Energy Finance Studies at the Institute of Energy Economics and Financial Analysis (IEEFA) Warkworth Continuation Project (SSD 6464/SSD 6465) Monday 7 September 2015   Key points: Thermal coal prices are down more than 60% from the 2011 peak, and the forward market prices in a further decline in nominal prices […]

September 7, 2015 Read More →

The Australian National Electricity Market: Old, Oversupplied and Vulnerable

Regulators Should Be Planning Now for a Wave of Coal-Fired Plant Closings

The coal-fired energy industry in Australia is an especially dirty form of electricity generation, and is well past its prime by industry technology standards. Some background: The Australian National Electricity Market (NEM) is the wholesale electricity spot market through which generators and retailers trade electricity. It is run by the Australian Energy Market Operator, and […]

August 4, 2015 Read More →

State-owned Firm in Australia Invests in Wind Power over Prime Minister’s Objections

Byron Kaye for Reuters: An Australian state-owned electricity firm will defy Prime Minister Tony Abbott and seek funding for a new wind farm hub from the government’s Clean Energy Finance Corp (CEFC), adding to uncertainty in the country’s No. 2 clean energy sector. Abbott has come under fire from investors after ordering the A$10 billion […]

July 23, 2015 Read More →