IEEFA In the News

Questions on Puerto Rico’s Montana Contract

October 18th, 2017

The Weather Channel: Facing the destruction of almost its entire electrical grid after Hurricane Maria, Puerto Rico turned to a little-known Montana company to restore power rather than rely on a vast network of public power companies that usually comes to the rescue after disasters. Overall, progress has been slow and uneven, stoking concerns about […]

October 18, 2017 Read More →

Adani Insists, Against Mounting Odds, That It Will Proceed Soon on Australian Coal-Train Project

October 13th, 2017

The Guardian: The Adani Group has said it will “break ground within days” on the rail link for its Carmichael coalmine and has claimed daily progress on a project for which it still needs to secure about $5bn in finance. The Adani Mining chief executive, Jeyakumar Janakaraj, said in a statement on Friday the company […]

October 13, 2017 Read More →

Frustration in Blacked-Out Puerto Rico With Electric Company’s Resistance to Change

October 12th, 2017

GreenTech Media: Three weeks since the storm, still only about 17 percent of Puerto Rico is with electricity. The lack of power has severely exacerbated a humanitarian crisis. Food sits rotting on shelves, the majority of hospitals are relying on generators, and with 40 percent of the island still without running water, the likelihood for […]

October 12, 2017 Read More →

Canada, Netherlands, U.K. Join List of Countries Turning Against Coal

October 12th, 2017

Power Magazine: The Netherlands, a country that recently commissioned three state-of-the-art coal plants and has been reluctant to close them, on October 10 moved to phase out coal power by 2030. Meanwhile, the U.K. and Canada this week jointly urged other nations to drop coal from their power profiles. The countries are part of a […]

October 12, 2017 Read More →

Australian Bank Indicates It Will Not Refinance Adani

October 12th, 2017

The Guardian: Adani’s financing for its proposed Carmichael coalmine could face a further hurdle, with Westpac appearing to indicate it will not refinance its existing loan to Adani’s coal terminal at Abbot Point. A recent report by the Institute for Energy Economics and Financial Analysis (IEEFA) revealed Adani needed to refinance more than $2bn worth […]

October 12, 2017 Read More →

The Netherlands to End Coal Power by 2030, Closing Down New Plants

October 11th, 2017

Climate Change News: Gerard Wynn, an analyst with the Institute for Energy Economics and Financial Analysis, said the decision “sent a dramatic signal to electricity markets today that no investment in coal-fired power in Europe is safe”. The four governing parties also agreed to set a carbon floor price and buy emissions allowances on the […]

October 11, 2017 Read More →

Les Pays-Bas Programment la Sortie de Charbon Pour 2030

October 11th, 2017

Novethic France: Après 7 mois de négociation, les Pays-Bas ont enfin formé leur nouveau gouvernement. Réunissant quatre composantes, cette coalition de centre droit a immédiatement fait une annonce majeure en matière d’énergie. Le royaume va sortir du charbon d’ici 2030. Le pays n’est pas le premier à annoncer ce retrait, la France a déjà pris […]

October 11, 2017 Read More →

Trump Is Right on Eliminating Puerto Rico’s Debt

October 11th, 2017

President Trump, who knows a thing or two about bankruptcy, says Puerto Rico’s public debt should be wiped out. I agree. The commonwealth owes bondholders somewhere on the order of $70 billion, with most of that debt tied to general-obligation bonds, revenue bonds and bonds issued by the Puerto Rico Electric Power Authority. Ahead of […]

October 11, 2017 Read More →

Electricity-Generation Trends in New Mexico Reflect Larger U.S. Shift

October 10th, 2017

Santa Fe New Mexican: The Trump administration’s announcement Monday that it’s taking steps to repeal regulations on coal-fired power plants is unlikely to change the fact that market forces already are pushing the state away from dependence on coal. A large coal company operating in New Mexico says it supports the repeal. But, while some […]

October 10, 2017 Read More →

South Africa’s State Utility Company in ‘Self-Styled Extinction’

October 10th, 2017

Biznews South Africa: In South Africa, where electricity prices have quadrupled since 2007 and an expensive coal-fired power build-out threatens to drive prices even higher, renewables appear ever more appealing. Unfortunately, for the last two years Eskom has been stonewalling on this front, refusing to sign new renewable energy power purchase agreements, while claiming that […]

October 10, 2017 Read More →