IEEFA In the News

China Banks Steer Clear of Adani’s Mega Coal Project in Australia

December 4th, 2017

South China Morning Post: Industrial and Commercial Bank of China (ICBC) and China Construction Bank said in separate statements they were not working on the project, after media recently reported that Chinese banks may get involved. Adani was seeking A$2 billion (US$1.5 billion) in financing by March 2018 for the A$4 billion first stage of […]

December 4, 2017 Read More →

Texas Coal Plant at Risk of Shutdown Has Lost Half Its Appraised Value

December 4th, 2017

Goliad (Texas) Advance Guard: The merger announcement Oct. 30 between Coleto Creek Power Plant owner Dynegy and the Vistra company has raised questions about the future of the plant. Fears that it might be sold, closed – or both – stem from Vistra’s history of closing its coal-powered power plants. Seventeen days before the two […]

December 4, 2017 Read More →

Consumers Paying a High Price for Poor Energy Policy

December 1st, 2017

ABS-CBN News: The Philippines pays among the highest electricity prices in ASEAN. This heavy cost burden is holding back economic modernization, limiting overall competitiveness, worsening the current account deficit, and undermining the ability of the Philippine economy to attract foreign direct investments. And as for the consumer, the impact comes in the form of the […]

December 1, 2017 Read More →

EPA Hosts the Beginning of the End of the Clean Power Plan in Coal Country

December 1st, 2017

The Intercept: The CPP was announced two years ago, it came under immediate fire from coal-, oil- and gas-producing states as an example of federal overreach. Twenty-eight state attorneys general — including then-Oklahoma Attorney General Pruitt and West Virginia’s Patrick Morrisey — sued the Obama administration over the plan shortly after it was announced, and […]

December 1, 2017 Read More →

Adani’s Aussie Coal Mine Could Fuel China’s BRI

November 30th, 2017

Asia Times: The Indian-owned Adani Group’s bid to seek funds from a Chinese state-owned-enterprise for its controversial project in Australia – to build the world’s largest coal mine – could spark further problems, according to a US think tank. There are fears that coal from the mine could be headed to China’s ambitious Belt and […]

November 30, 2017 Read More →

Experts Resoundingly Urge Fossil Fuel Divestment at Public Advocates’ Public Hearing On Climate Change

November 30th, 2017

CommonDreams.org: At today’s public hearing, over 50 speakers, some from as far away as Standing Rock and the Alberta tar sands region of Canada, put forward ample scientific, financial, and moral arguments for New York elected officials to divest from fossil fuels, as an essential means of mitigating the climate crisis. Just before the hearing, […]

November 30, 2017 Read More →

Transition Is Enveloping U.S. Electricity Sector

November 30th, 2017

Wall Street Journal: The rapid rise of wind and natural gas as sources of electricity is roiling U.S. power markets, forcing more companies to close older generating plants. Wholesale electricity prices are falling near historic lows in parts of the country with competitive power markets, as demand for electricity remains stagnant while newer, less-expensive generating […]

November 30, 2017 Read More →

On the Blogs: ‘The Last Days of Coal?’

November 29th, 2017

Alibra Shipping: At least 15 countries have joined an international alliance to phase out coal use for power generation before 2030. Britain, Canada, Denmark, Finland, Italy, France, the Netherlands, Portugal, Belgium, Switzerland, New Zealand, Ethiopia, Mexico and the Marshall Islands have joined the Powering Past Coal Alliance. The alliance aims to have 50 members by […]

November 29, 2017 Read More →

On India’s Transformation, IEA Is ‘Out of Touch’

November 29th, 2017

Business Standard India: India’s thermal coal demand is poised to fall, belying hopes of exporters from Australia and US who eyed the country as a long-term growth market. The country is now the second-largest consumer-cum-importer of thermal coal but imports are sliding. During the April-October period of the current financial year, thermal coal imports declined […]

November 29, 2017 Read More →

World Bank Bets on Renewables Boom in India

November 28th, 2017

Global Trade Review: The World Bank is to provide US$100mn in funding for renewable energy projects in India’s booming market. The development bank will provide US$98mn in debt to the Indian Renewable Energy Development Agency (IREDA), which will on-lend the money to states in India for solar projects. A further US$2mn will be available in […]

November 28, 2017 Read More →