IEEFA In the News

FirstEnergy Files Its Bid to Have Customers Bail Out West Virginia Power Plant

March 15th, 2017

Charleston Gazette Mail: MonPower and Potomac Edison insist their request to purchase the Pleasants Power Station from fellow FirstEnergy subsidiary Allegheny Energy Supply is the best option for the companies and their ratepayers, citing low cost, a better chance to avoid costly penalties and local economic benefits. However, advocacy groups such as West Virginians for […]

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On the Blogs: The Promise of Renewables

March 13th, 2017

Huffington Post: US financial expert Tom Sanzillo made the case that investing in renewables could bring financial returns of up to 15%. Sanzillo used to oversee the New York State pension funds and bonds programs, amounting to over US$350 billion, so he knows how to make solid investments with a giant fund. As he pointed […]

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IEEFA Report: U.K. Capacity Market Is Due for Reform

March 13th, 2017

Energy Live News: The UK’s Capacity Market is the “weak link” in the transition toward a resilient, low carbon grid. That’s according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA), which suggests the grid is coping well with the coal phase out but requires greater investment in reliable sources […]

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China Steps Into the Renewable-Energy Lead

March 13th, 2017

Phys.org: “The Chinese leadership has stated clearly that its climate commitments are in China’s national interests and that it does not intend to change course, whatever the United States may do,” said David Sandalow, director of the U.S.-China Energy & Climate program at Columbia University’s Center on Global Energy Policy. “That has already raised China’s […]

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Awash in Natural Gas, Australia Has a ‘Shortage’

March 9th, 2017

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 […]

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China’s Energy Pivot

March 2nd, 2017

ABC Australia: Doubts have been raised about China’s green push due to new coal-fired power plants nearing completion, despite a worsening overcapacity problem. Earlier this year central authorities cancelled another 104 planned coal power projects. Government figures have also revealed close to one fifth of wind and solar energy capacity is going to waste, as […]

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On the Blogs: The Undoing of the Kemper ‘Clean Coal’ Project

March 2nd, 2017

From InsideSource.com: Originally, the project was budgeted for $2.8 billion. Today, the plant is still not fully operational, and construction costs are nearly $6.9 billion. Some of that cost was borne by taxpayers. Mississippi Power received a $270 million grant from the Department of Energy and $133 million in tax credits when the project began. […]

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A Chinese Emission Slowdown in Step Back From Coal

March 1st, 2017

InsideClimate News: China said its CO2 emissions in 2017 will drop 1 percent from 2016, making it the fourth consecutive year of either zero growth or a decline in the country’s emissions. China is on track to meet or beat pledges it made prior to the Paris climate agreement to get 15 percent of its […]

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On the Blogs: Why Oil Markets Are in Decline

March 1st, 2017

The Energy Mix: A spate of reserve write-downs by global oil giants over the last 24 months, culminating in ExxonMobil’s recent removal of 3.5 billion barrels of Canadian tar sands/oil sands crude from its listed holdings, is part of an overall global retraction in reserve claims driven by forces beyond the industry’s control, the Institute […]

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China’s Coal Consumption Falls for a Third Straight Year

February 28th, 2017

From the Australian Financial Review: Chinese people are richer, having more babies (although not as many as expected), spending more time shopping online and using less coal, according to the latest statistics report on the country’s social and economic development. Coal consumption and production dropped for the third straight year in 2016, by 4.7 per […]

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