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IEEFA Research

IEEFA update: Andrew Cuomo got it right on New York’s fracking ban

Despite opponents’ fears, ban likely saved investors billions

New York State, under the leadership of Governor Andrew Cuomo, instituted a ban on hydraulic fracturing (fracking) in 2014. Not surprisingly, the ban was hotly contested. Opponents had portrayed fracking as a silver bullet that would create jobs and promote economic development.  They predicted the state’s citizens would regret Cuomo’s decision. A retrospective analysis of […]

IEEFA report: Financial case builds for fossil fuel divestment

IEEFA report: Financial case builds for fossil fuel divestment

Money managers need to recognize poor market performance

The financial case for investing in fossil fuels is losing ground as the powerful oil and gas industry continues its steady decline, according to the Institute for Energy Economics and Financial Analysis (IEEFA). In a briefing note released Feb. 6, Fossil Fuel Investments: Looking Backwards May Prove Costly to Investors in Today’s Market, IEEFA analysts […]

February 8, 2019 Read More →
IEEFA Puerto Rico: PREPA privatization means crushingly high electric rates

IEEFA Puerto Rico: PREPA privatization means crushingly high electric rates

“Nonpolitical” plan is poorly regulated and likely means more corrupt contracts

The Puerto Rican government is moving full-steam ahead with a series of privatization contracts for the Puerto Rico Electric Power Authority (PREPA) that are likely to lock customers into even more expensive electric rates than they currently pay. Instead of taking this opportunity to make electricity affordable and resilient, the government plan will tie the […]

and February 1, 2019 Read More →

IEEFA Australia: Minerals Council report overstates foreign market’s thermal coal import needs to 2030

Forecast is based on unrealistic estimates India's coal consumption

January 30, 2019 (IEEFA Sydney)—Representing a critical risk for Australian thermal coal exports, an analysis of the Mineral Council of Australia’s recent report methodology shows Australia’s ambition for India as a huge growth export market is both unrealistic and systematically overstates India’s future need for imported coal. In June 2018 The Minerals Council of Australia […]

January 30, 2019 Read More →
IEEFA report: The vanishing case for the Atlantic Coast Pipeline

IEEFA report: The vanishing case for the Atlantic Coast Pipeline

Declining demand and more affordable renewables raise new questions about viability

January 29, 2019 (IEEFA) — Diminishing consumer demand coupled with more affordable renewables are casting doubt on the overall feasibility and potential profitability of the Atlantic Coast Pipeline, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Oil Change International. The report, The Vanishing Need for the Atlantic […]

January 29, 2019 Read More →
IEEFA China:  Lender of last resort for coal plants

IEEFA China: Lender of last resort for coal plants

Continued support for coal power across Asia erodes China’s clean energy leadership

January 22, 2019 (IEEFA Hong Kong): While financial institutions around the world are moving away from coal to limit exposure to increasing stranded asset risks, a new report by the Institute for Energy Economics and Financial Analysis finds global renewable energy champion China is simultaneously funding over one-quarter of coal plants currently under development outside […]

January 22, 2019 Read More →

IEEFA India: Grid investment needs to match enormous growth in renewable energy investment

Infrastructure needs further modernisation, urgently

Jan. 22, 2019 (IEEFA India): With the government successfully electrifying 99% of all houses in India under the Saubhagya scheme, there is an urgent need for a hefty investment in grid transmission infrastructure to keep pace with growing low-cost renewable capacity so that new households can actually afford to buy electricity. A new IEEFA briefing […]

January 21, 2019 Read More →

IEEFA India: Improving India’s electricity sector through time-of-day pricing

Incentives should be put in place to increase network and consumer efficiencies

Jan 7, 2019 (IEEFA India): With some US$100bn of existing and proposed thermal power plants in financial distress, and low cost but variable renewable energy capacity best able to meet the ambitious targets set by government, India has an opportune moment to transform its electricity sector by introducing time-of-day pricing for both producers and consumers. […]

January 8, 2019 Read More →
IEEFA U.S: Tribal investment in struggling coal-fired Four Corners plant will lose millions

IEEFA U.S: Tribal investment in struggling coal-fired Four Corners plant will lose millions

‘Bad bet’ in New Mexico serves as a warning against proposed purchase of Navajo Generating Station

Dec. 13, 2018 (IEEFA) — The Navajo Nation government’s acquisition this past summer of a 7 percent stake in the struggling coal-fired Four Corner Generating Station in northeastern New Mexico will cost the Nation dearly, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The deal, in which Navajo Transitional […]

December 14, 2018 Read More →
IEEFA report: Pakistan could build greater energy security by increasing use of cheaper renewables

IEEFA report: Pakistan could build greater energy security by increasing use of cheaper renewables

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 […]

December 5, 2018 Read More →

More News and Commentary

IEEFA Japan: ITOCHU Corporation announces coal exit

IEEFA Japan: ITOCHU Corporation announces coal exit

Leading financial institutions setting divestment trend

Feb 15, 2019 (IEEFA Japan): ITOCHU of Japan has announced it is exiting from developing new coal-fired power plants as well as thermal coal mines to address the impact of climate change, and will continue to divest its existing thermal coal mine investments in Australia and Indonesia. IEEFA sees this as a major policy pivot […]

February 15, 2019 Read More →

IEEFA Australia: New open cut mine development refused with climate change cited as key reason

Precedent set in measuring the community cost of carbon emissions

The NSW Land and Environment Court refused development consent for a new open cut coking coal mine in New South Wales’ Gloucester Valley on 8 February 2019, citing the mine’s likely contribution to climate change as a key reason. Gloucester Resources Limited (GRL) had sought development consent for the Rocky Hill Coal Project to produce […]

February 15, 2019 Read More →

TVA board votes to close Paradise, Bull Run coal plants

Reuters: The Tennessee Valley Authority voted on Thursday to close two aging coal-fired power plants, including one supplied by a company led by a major supporter of President Donald Trump, who had urged the U.S.-owned utility to keep it open. “It is not about coal. This decision is about economics,” said President and Chief Executive […]

February 15, 2019 Read More →

AES sees $50 billion battery storage opportunity in India

PV Magazine: India presents a potential investment opportunity of $50 billion for battery storage facilities that could help integrate renewable energy into the grid, replace polluting diesel-fueled power and boost electric mobility, according to Andres Gluski, CEO of American energy firm AES Corp. “Battery-based energy storage has an essential role to play in helping India […]

February 15, 2019 Read More →

Four bidders vying for New York’s first offshore wind contract

Reuters: New York State said on Thursday it had received proposals from Norway’s Equinor and three joint ventures to build its first offshore wind power park of at least 800-megawatt capacity. The three joint ventures are Bay State Wind, between Danish Orsted and Eversource Energy; Atlantic Shores Offshore Wind, consisting of France’s EDF and Shell; […]

February 15, 2019 Read More →

New wind dominates expected capacity additions in U.S. Midcontinent-ISO transmission region

S&P Global Market Intelligence ($): Nearly three-quarters of the power generation capacity expected to come into service in the Midcontinent-ISO region in 2019 is to be fueled by wind, according to an S&P Global Market Intelligence analysis. In the Midcontinent-ISO region, stretching from the Gulf Coast of Louisiana to the U.S./Canada border in the Upper […]

February 15, 2019 Read More →

Shell expands clean energy portfolio, buys home battery supplier sonnen

Greentech Media: Shell will acquire German startup sonnen, staking a claim on the home energy storage market and further expanding its ever-increasing footprint in the clean energy industry. Sonnen distinguished itself in the early home storage market, with thousands of units deployed across Germany, and a notable presence elsewhere in Europe, the U.S. and Australia. […]

February 15, 2019 Read More →

IEEFA U.S.: 5 ways utilities are driving the rapid expansion of solar-plus-storage

Technology gains pose a major threat to baseload power providers

The utility industry, broadly speaking, has a checkered history on renewable energy development, often having fought state renewable energy portfolio standards, curtailed residential net energy metering for solar and brought into question the reliability of wind and solar. But a new dynamic is at play now, especially around solar-plus-storage projects. Here, sharp and continued price […]

February 14, 2019 Read More →

North Dakota tops Texas as largest U.S. lignite producer

S&P Global Market Intelligence ($): A sharp decrease in Texas lignite coal output handed North Dakota the title of top U.S. lignite producer in 2018 for the first time in at least a decade, as mine closures and alternative energy sources continue to reduce coal’s share of the energy mix in Texas. Year over year, […]

February 14, 2019 Read More →

Chevron CEO says low-cost shale has forced capital discipline on oil industry

Bloomberg: For Mike Wirth, the future of Big Oil lies at home, under the dusty fields of West Texas. As he celebrates his first year as chief executive of Chevron Corp., Wirth sees the Permian Basin as a plentiful source of high-quality crude for years to come, but that’s not all. The low break-even costs […]

February 14, 2019 Read More →