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IEEFA
El Observador: A new report shows little is being done to make the island’s electrical grid reliable and sustainable. The study’s author, Cathy Kunkel, an energy analyst with the Institute for Energy Economics and Financial Analysis, said the Puerto Rico Electric Power Authority isn’t addressing its long-term problems: corruption, debt, falling demand and older power […]
Seth Feaster
Public Risk in Alaska, Colorado, Missouri, North Dakota, Texas, Virginia, West Virginia, and Wyoming
A report that came out last month from the nonpartisan Government Accountability Office recommends that Congress eliminate the risky system of self-bonding by coal-mining companies. But the report also raises concerns about the financial stability of surety-bond companies, a much more common form of reclamation bonding, as well as problems with underfunding for mine cleanup costs. […]
IEEFA
Business Green: HSBC, the biggest bank in Europe, has today announced it will stop financing coal-fired power stations, oil sands and Arctic offshore drilling projects in a move to support the low-carbon economy. Announced ahead of the bank’s annual meeting today, the decision is likely an attempt to ease pressure from activist investors keen to see […]
IEEFA
Bloomberg: U.S. energy regulators embarked upon a wide-ranging review of how interstate natural gas pipelines are approved, amid concerns that current guidelines have become outdated following the shale boom. The Federal Energy Regulatory Commission will examine the use of eminent domain, how the need for a pipeline is assessed and the extent to which greenhouse […]
IEEFA
The Independent: Britain has gone more than two days without using any coal-fired power for the first time in more than a century. The record run of almost 55 hours of coal-free electricity generation between Monday and Thursday is a mark of the fossil fuel’s “rapid decline,” experts said. It is the first time the nation […]
IEEFA
Solar Industry: Moving closer to its 2025 goal of being supplied globally with 50% renewable energy, Walmart plans to more than double the amount of renewable energy it uses in the U.S. and increase the percentage of global electricity needs supplied by renewable sources above the current 28%. The new initiatives include the expansion of on-site solar […]
IEEFA
Reuters: Australia moved a step closer on Friday to ending a decade of political bickering over climate and energy policy, with broad support emerging for a national power plan that would also include emissions cuts. State energy ministers agreed to push ahead with a detailed design for a National Energy Guarantee, as proposed by the […]
IEEFA
S&P Global Market Intelligence ($): U.S. coal producers will soon need to find new customers or mine less coal, as a sizable chunk of the sector’s 2017 deliveries went to customers with plans to retire their operations within four years. About 27.7 million tons, equal to 3.6% of the coal produced in the United States […]
Tim Buckley and Kashish Shah
Latest Energy Policy Document Supports Transition Momentum; 48 GW of Coal Plant Closures Seen Over the Next Decade
India’s newest power-sector blueprint, the National Electricity Plan 2018 (NEP 2018), reinforces the government’s commitment to transforming the Indian electricity sector, retaining a core target of 275 gigawatts (GW) of renewable energy by 2027. Meanwhile, a Central Electricity Authority data release that tracks the performance of the sector over the fiscal year to March 2018 […]
Press Release
‘Sinking Under the Weight of a Flawed Planning Process That Lacks Crucial Insight Into Clean Energy Trends’
IEEFA — Indonesia’s national power company is perilously out of step with global trends in electricity generation even as it seeks a more than $1 billion infusion from international bond markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — “Perusahaan Listrik Negara (PLN): A Power Company […]
IEEFA Report: Indonesia’s State Power Company Continues to Lag Global Shift in Electricity Generation
‘Sinking Under the Weight of a Flawed Planning Process That Lacks Crucial Insight Into Clean Energy Trends’IEEFA — Indonesia’s national power company is perilously out of step with global trends in electricity generation even as it seeks a more than $1 billion infusion from international bond markets, concludes a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report — “Perusahaan Listrik Negara (PLN): A Power Company […]