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Dennis Wamsted
Momentum around declining consumption numbers, utility-company policy, export markets and internal assessments
The economic problems facing the U.S. coal industry have been on manifest display this week. On Tuesday morning, the federal Energy Information Administration reported that coal use in the U.S. is on track to fall to its lowest level since 1979, and that by year’s end consumption will be 44% below the 2007 peak of […]
Press Release
Site remediation will involve thousands of acres and require hundreds of skilled workers; public pressure on Peabody may be required for ‘proper cleanup’; responsible repurposing of NGS infrastructure will include development of utility-scale solar and emerging electricity-storage technology
Dec. 7, 2018 (IEEFA) — Land reclamation and site remediation around the coal-fired Navajo Generation Station and its companion Kayenta Mine in northeastern Arizona will require years to complete and likely employ hundreds of former plant and mine workers, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis. The report—“Long-Term […]
Press Release
A model to 2030 for cost-effective, cleaner, more accessible energy in Pakistan
Dec 5, 2018, LAHORE (IEEFA): A new report asserts that, as renewable energy is now the cheapest form of electricity generation in Pakistan, the government could reduce its reliance on expensive power plants and fossil fuel imports in favour of cleaner, more accessible electricity for people and businesses. The report, “Pakistan’s Power Future: Renewable Energy […]
Press Release
Investor wariness grows on weak third-quarter results
Dec. 5, 2018 (IEEFA) — While oil prices rose and production increased, U.S. oil-and-gas fracking companies continued nonetheless to bleed money in the third quarter of this year, according to a research brief published today by the Institute for Energy Economics and Financial Analysis. The brief—“More Red Flags on Fracking: Weak Third-Quarter Results as Cash […]
Tim Buckley and Kashish Shah
Solar and wind projects can be scaled up quickly and financing is available
India is transforming its national electricity system by incorporating deflationary renewables. In doing so, it is improving energy security, reducing reliance on imported fossil fuels, addressing air pollution, and lowering emissions intensity. The timing of this transformation is spot on. India’s economy is set to double by 2030. Even with improved energy efficiency and lower […]
Tim Buckley, Vibhuti Garg and Kashish Shah
Becoming a global climate leader by meeting one target a decade earlier
Dec 3, 2018: IEEFA finds that India is on track to achieve the majority of its Paris agreement goals, with further estimates that India will achieve its 40% non-fossil fuel capacity target a decade early. India’s achievement follows Prime Minister Narendra Modi’s 2015 announcement of ambitious policy commitments to meet the global Paris Agreement, with an emphasis […]
Tom Sanzillo
What’s real: legislative initiatives or private contracting?
Can Puerto Rico’s recent legislative progress on renewable energy withstand an onslaught of special interests supporting economically unsupportable, fiscally damaging and environmentally destructive natural gas proposals? A fragile consensus has emerged from the recent Puerto Rico legislative session and a parallel energy planning process being carried out by the Puerto Rico Electric Power Authority (PREPA), […]
Cathy Kunkel
Finally, some good news for electricity ratepayers in Puerto Rico
A massive liquefied natural gas (LNG) project in Puerto Rico that would have diverted funds from badly needed development of solar power and would have kept electric power costs high has been officially cancelled. Last week, Excelerate Energy, the company that planned to develop a natural gas import terminal in Puerto Rico, requested that the […]
Tom Sanzillo
Two years after writing down its reserves, XOM subsidiary Imperial invests again
ExxonMobil’s (“XOM”) Canadian subsidiary Imperial Oil has announced its intention to invest C$2.6 billion[1] in the Aspen mines, an oil sands project in Alberta, Canada. This is big news. In February 2017, the company formally de-booked 4.6 billion barrels of reserves in the Canadian oil sands, 19% of XOM’s worldwide reserves. The Aspen announcement was […]
Gerard Wynn
Technologies that optimise home installations are still too expensive
LONDON—Roof-top solar can be a critical way to meet new carbon-emissions standards, but unsubsidised payback periods are still too long and, by and large, home-solar systems still lack a cost-effective means of enabling households to use as much of their home generation as possible. Ultimately, batteries almost certainly will become a critical part of home […]
IEEFA U.S.: A rough week for the American coal industry
Momentum around declining consumption numbers, utility-company policy, export markets and internal assessments
The economic problems facing the U.S. coal industry have been on manifest display this week. On Tuesday morning, the federal Energy Information Administration reported that coal use in the U.S. is on track to fall to its lowest level since 1979, and that by year’s end consumption will be 44% below the 2007 peak of […]