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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

Wind, solar and battery storage linked in first-of-a-kind Oregon project

Electrek: A new energy facility in eastern Oregon will be the first of its kind in the U.S., combining wind power, solar power, and battery storage on a large-scale. Portland General Electric and NextEra Energy Resources announced plans for the Wheatridge Renewable Energy Facility today. The new facility will combine 300 megawatts of wind generation, […]

February 14, 2019 Read More →

Judge rules climate risk needs to be considered in Montana coal mine expansion

Associated Press: U.S. officials have again been faulted by a federal judge for failing to adequately consider the potential climate change effects of expanding a massive coal mine in the sagebrush-covered hills of southeastern Montana. U.S. Magistrate Judge Timothy Cavan recommended in a Monday ruling that the Interior Department be given 240 days to re-analyze […]

February 14, 2019 Read More →

Over-budget, long-delayed coal plants put South Africa’s electric system on edge

Bloomberg: South Africa’s debt-laden power utility raced to stabilize the grid this week by resorting to the most intense supply cuts in four years. Eskom Holdings SOC Ltd. implemented blackouts for a third day on Tuesday, removing 3,000 megawatts from the system after so-called stage 4 rotational power cuts, or 4,000 megawatts, on Monday as […]

February 14, 2019 Read More →

80% of power generation growth in Texas seen as coming from wind or solar

S&P Global Market Intelligence: More than 80% of the new power generation capacity expected to come into service in 2019 in the Electric Reliability Council of Texas region will be either wind- or solar-driven, according to an S&P Global Market Intelligence analysis. Overall, the region, which encompasses most of the state of Texas including major […]

February 13, 2019 Read More →

After slight dip, more growth seen in 242,000 U.S. solar jobs, up from 93,000 nine years ago

The Guardian: The solar energy sector lost 8,000 jobs in the US last year, the second consecutive year of declines, hit by uncertainty over the Trump administration’s energy and trade policies and a 30% tariff on imported solar panels, according to a report released on Tuesday. But according to the Solar Foundation the future is […]

February 13, 2019 Read More →

L.A. steps back from plans to expand power generation fossil-fuel footprint

Los Angeles Times: Los Angeles is abandoning a plan to spend billions of dollars rebuilding three natural gas power plants along the coast, Mayor Eric Garcetti said Monday, in a move to get the city closer to its goal of 100% renewable energy and improve air quality in highly polluted communities. The mayor’s decision marks […]

February 13, 2019 Read More →

On the blogs: Policy remains key to solar expansion

International Energy Agency: China’s success in this sector has been thanks to a virtuous cycle of strong policy support and falling technology costs. For example, China’s 2020 targets for solar PV have been ratcheted up several times, rising from an initial target of 1.8 GW set in 2008, to 105 GW in the 13th Five-Year […]

February 13, 2019 Read More →

A wind-tech boom in Texas

Houston Chronicle: Wind turbine service technicians will be in high demand from now until at least 2026, according to the government-funded Projections Managing Partnership that uses data from the U.S. Bureau of Labor Statistics. Between 2017 and 2019, the number of jobs to service wind turbines will increase 20.1 percent, the data shows. And by […]

February 13, 2019 Read More →
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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 […]

TVA assessment recommends closing Paradise, Bull Run coal plants

Times Free Press: The Tennessee Valley Authority is proposing to close two more of its coal-fired power plants due to stagnant or declining power demand in its 7-state region. Despite opposition to the plant closings from President Trump and Senate Majority Leader Mitch McConnell Monday night, TVA’s final environmental assessments released Monday concluded that TVA should shut […]

February 12, 2019 Read More →