IEA

IEEFA Research

IEEFA update: Australia’s gas-led recovery is flogging a dead horse

With LNG worse for the climate than coal, Australia must adjust to our export markets shrinking

With polluting emissions from LNG 13% higher than gas, and Australia’s primary export destinations targeting net zero emissions and therefore less dirty LNG, Australia’s gas-led recovery is looking increasingly like the Australian government is ‘flogging a dead horse’. Australia’s core export markets for LNG, coal and iron ore – Japan, South Korea and China – […]

November 3, 2020 Read More →
IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal

20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

IEEFA U.S.: Investors in gas-fired projects in largest regional power system face substantial risks

Eleven PJM projects under development may fail to prove financially viable

October 5, 2020 (IEEFA) — The landscape for developers of natural gas-fired power plants in the nation’s largest regional power system has shifted dramatically over the last decade, according to a joint study by the Applied Economics Clinic and the Institute for Energy Economics and Financial Analysis. The Pennsylvania-New Jersey-Maryland (PJM) system coordinates the flow […]

IEEFA update: Is IEA Sustainable Development Scenario reflecting the Paris Agreement?

Reviewing global climate and energy modelling

Each year the International Energy Agency (IEA), an independent intergovernmental organisation releases the World Energy Outlook (WEO) which among other things, models global energy demand using various scenarios. The scenarios are not predictions, rather tools to assess risks. The scenarios, briefly explained in a new IEEFA fact sheet , respond to global Paris Agreement targets entered […]

IEEFA Australasia: New global energy report headlines decline of coal as cheaper renewable technologies gain preference

International Energy Agency releases annual World Energy Outlook 2018 Report today

Nov. 13, 2018, SYDNEY (IEEFA): Thermal coal is fated for long-term structural decline and energy-related carbon dioxide emissions are increasing despite the Paris targets: those are the key take-outs in the International Energy Agency’s World Energy Outlook (WEO) 2018 report released today, which also finds wind and solar are now two of the top three […]

November 13, 2018 Read More →

More News and Commentary

IEEFA: Global investment is racing to meet the IEA’s Net Zero by 2050 roadmap – how will this impact India?

IEEFA: Global investment is racing to meet the IEA’s Net Zero by 2050 roadmap – how will this impact India?

Global shift of funds away from fossil fuels is accelerating

The International Energy Agency’s (IEA) Net Zero Emissions (NZE) roadmap by 2050 is compatible with the Paris goal of restricting the temperature increase to below 1.5 degree Celsius. As per the NZE roadmap, the use of unabated fossil fuels declines sharply to just over a fifth of the total energy supply. More than two-thirds of […]

June 11, 2021 Read More →
IEEFA Update: G7 coal finance exit and why it matters for India

IEEFA Update: G7 coal finance exit and why it matters for India

While India doesn’t rely on export credit finance to fund new coal plants, there are material implications

The commitment by the Group of Seven (G7) nations, along with several other European Union nations, to stop international financing of coal power projects by the end of this year is another strong step towards putting the world on a path to limit global warming to 1.5-2.0°C. The agreement follows the International Energy Agency’s (IEA) […]

May 28, 2021 Read More →
IEEFA Australia: Why ‘gold-plated’ gas plan makes zero sense

IEEFA Australia: Why ‘gold-plated’ gas plan makes zero sense

The federal government should invest in clean energy industries of the future, not a stranded asset

The Hunter has the answer to Australia’s energy debate, and it’s not a new gas plant at Kurri Kurri because any way you look at it, it just doesn’t make sense. This new 660 megawatt diesel and gas peaking power station, announced yesterday by Australia’s Morrison government, will cost taxpayers $610 million and is part […]

IEEFA: IEA’s net zero emissions by 2050 maps the huge increase in global ambition

IEEFA: IEA’s net zero emissions by 2050 maps the huge increase in global ambition

Collective global government and corporate pledges, accelerating financial flows and straight economic gains make this a necessary, realistic and achievable outcome

The International Energy Agency’s (IEA) Net Zero by 2050 energy sector roadmap out today says the world should add “no new oil and gas fields approved for development in our pathway, and no new coal mines or mine extensions are required”. Simply put, more fossil fuels are entirely inconsistent with reduced emissions. Existing unabated coal […]

May 18, 2021 Read More →

IEA recommends stockpiling critical battery metals used in renewables

Bloomberg ($): Western governments should consider stockpiling critical battery metals such as cobalt and lithium, the International Energy Agency said, in a stark warning of the geopolitical risks that accompany the green-energy transition. That call comes as some policy makers worry the shift from burning fossil fuels to a greener economy will expose the world […]

May 6, 2021 Read More →

IEEFA: Whitehaven’s Vickery coal folly

Company’s shareholder wealth destruction is extreme and ongoing

Whitehaven Coal has long set its strategic direction on the implicit assumption that the world would fail to deliver on the Paris Agreement. Its investor communications and Board strategies have largely ignored and more recently downplayed this key financial and strategic risk. The financial market however is not so blind. The shares of Whitehaven Coal […]

April 28, 2021 Read More →

Rise in renewable generation pushed coal output down in 2020—Ember

ReNews.biz: Electricity generated by new wind and solar in 2020 helped to force a record fall in global coal power, according to analysis from think tank Ember. Ember’s new report found this was only possible because the pandemic paused the world’s rising demand for electricity. Since 2015, rising electricity demand has outpaced growth in clean […]

March 29, 2021 Read More →

Study finds renewable stocks posted vastly better returns than fossil fuels in past decade

Bloomberg: Investing in renewable power stocks beat a fossil fuel-focused strategy by more than threefold in the last decade. Superior returns from green power could help push investors to provide the capital necessary to scale up low-carbon power sources in the coming years, according to the analysis by the International Energy Agency and Imperial College […]

March 19, 2021 Read More →
IEEFA: India should focus on reducing coal power generation instead of capacity

IEEFA: India should focus on reducing coal power generation instead of capacity

Nearly half of existing coal power in India is more expensive than new renewable power

To get to its ambitious climate targets, India not only needs to do more renewables – and by the term ‘renewables’ we mean all clean generation technologies including battery storage, green hydrogen, smart grids and energy efficiency – but also less fossils. Further, India needs to drive electrification of the transport sector to reduce its […]

Japan testing tidal turbine technology as part of renewable energy transition

CNBC: A tidal turbine built and tested in Scotland has been installed in waters off a Japanese island chain, representing the latest example of how the East Asian country is investigating the potential of marine-based forms of energy production. In a statement Monday, London-listed firm Simec Atlantis Energy said its pilot turbine had generated 10 […]

February 17, 2021 Read More →