Most Popular Stories

    IEEFA Japan: ITOCHU Corporation announces coal exit IEEFA Japan: ITOCHU Corporation announces coal exitFeb 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 for ...
    IEEFA/Sightline analysis: The fracking depreciation dodge IEEFA/Sightline analysis: The fracking depreciation dodgeThe US oil and gas boom continued in full force during 2018. By year’s end, America’s oil and gas output reached record highs, squeezing the nation’s net petroleum imports to their lowest point since the early 1970s. But this production frenzy came at a tremendous financial cost. Despite the highest oil prices since 2014, fracking-focused companies spent ...
    IEEFA U.S.: 5 ways utilities are driving the rapid expansion of solar-plus-storage IEEFA U.S.: 5 ways utilities are driving the rapid expansion of solar-plus-storageThe 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 declines ...
    IEEFA update: India coal plant cancellations are coming faster than expected IEEFA update: India coal plant cancellations are coming faster than expectedThe latest data from the Global Coal Plant Tracker (GCPT) shows that India’s coal-fired pre-construction project pipeline has shrunk by a quarter, that is 24 GW in the last six months alone. India’s thermal power giant NTPC Ltd has reportedly shelved 10.5 GW of its planned coal-fired power projects year-to-date. Project cancellations are coming faster ...
    Shell expands clean energy portfolio, buys home battery supplier sonnen Shell expands clean energy portfolio, buys home battery supplier sonnenGreentech 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. Besides storing ...
    Westmoreland bankruptcy bonuses good news for company executives Westmoreland bankruptcy bonuses good news for company executivesWall Street Journal ($): Westmoreland Coal Co. paid eight of its current and former executives more than $10.2 million in salary, bonuses and severance in the 12 months before the coal-mining company filed for bankruptcy protection in October. Executives at Westmoreland collected additional compensation in the form of benefits and expense reimbursements over the same one-year period ...
    IEEFA update: Andrew Cuomo got it right on New York’s fracking ban IEEFA update: Andrew Cuomo got it right on New York’s fracking banNew 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 ...
    AES sees $50 billion battery storage opportunity in India AES sees $50 billion battery storage opportunity in IndiaPV 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 realize its ...
    IEEFA Australia: New open cut mine development refused with climate change cited as key reason IEEFA Australia: New open cut mine development refused with climate change cited as key reasonThe 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 21 ...
    IEEFA op ed: China must reconcile energy rhetoric and reality IEEFA op ed: China must reconcile energy rhetoric and realitySYDNEY—At the first ever ‘Belt and Road’ forum hosted in Beijing in 2017, President Xi pledged the US$900 billion infrastructure project would ‘seize new opportunities… and achieve green and low-carbon development.’ Yet as analysis this month demonstrated, Chinese funding is responsible for more than a quarter of all new coal plants outside its borders, many of ...