IEA

IEEFA Research

IEEFA India: Why prices skyrocketed at the power exchange

IEEFA India: Why prices skyrocketed at the power exchange

Renewables can help stabilise the grid and level costs amid the vagaries of coal stocks

29 September (IEEFA India): With electricity demand in India recently peaking, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) explores the supply and demand conditions that led to recent price spikes in the evening peak hours, starting in August through to September 2021. Electricity demand in India has peaked and […]

and September 29, 2021 Read More →
IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

Investors beware, capacity factor trends and LCOE analysis show gas-fired power plants likely to be stranded assets into the future

24 June 2021 (IEEFA Australia): The Australian government may be relying on inaccurate financial assumptions for its gas-fired recovery as most gas- and coal-fired power plants in Australia, the UK, the U.S. and China are being operated less and less – what’s called a declining capacity factor, finds a new report by the Institute for […]

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

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 →

IEEFA Update: Coking coal’s decline likely to follow the path of thermal coal’s progressive demise

Technology disruption the likely theme of global energy markets in 2021

There has been a growing tsunami of climate commitment announcements combined with fossil fuel exclusion policies by globally significant financial institutions during December 2020, building on the pledges two months earlier by the leaders of China, Japan and South Korea committing to net zero emissions targets. On top of that, three leading corporate announcements show […]

December 22, 2020 Read More →

IEA: Global electricity generation from coal will drop by largest amount on record in 2020

S&P Global Market Intelligence ($): Worldwide coal generation will fall 5% in 2020 to 2012 levels, marking the largest annual decrease on record, the International Energy Agency estimated in a new report. Coal use will likely bounce back in 2021, but growth in renewables will remain the lead story in electricity generation, the agency said […]

December 15, 2020 Read More →
IEEFA Australia: It was a gas while it lasted but the love affair is over

IEEFA Australia: It was a gas while it lasted but the love affair is over

It’s past time to move on from gas as a fuel source in Victoria

Victoria has had a long and enduring love affair with gas. Fossil gas has been used to heat Victorian homes and cook meals since the days when the Bass Strait produced a cheap and plentiful supply. And the State is currently assessing whether it will be the first in Australia to approve an expensive LNG […]

November 17, 2020 Read More →

IEA: Global renewable energy capacity will climb by 200GW in 2020, more in 2021

The Guardian: Global renewable electricity installation will hit a record level in 2020, according to the International Energy Agency, in sharp contrast with the declines caused by the coronavirus pandemic in the fossil fuel sectors. The IEA report published on Tuesday says almost 90% of new electricity generation in 2020 will be renewable, with just […]

November 10, 2020 Read More →
IEEFA South Africa: Coal market conditions have ‘deteriorated materially’

IEEFA South Africa: Coal market conditions have ‘deteriorated materially’

The Asian seaborne thermal coal pool is drying out

Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine in South Africa’s Waterberg Coalfield has hit trouble after a key member of its funding consortium pulled out. The Industrial Development Corporation of South Africa (IDC) has cancelled all previously approved facilities due to its view that “the market conditions under which the Boikarabelo Coal […]

November 6, 2020 Read More →

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: Why 2020 is turning out be a pivotal year for fossil fuel exits

The writing is on the wall for coal, and now globally significant financial institutions are starting to shun high risk oil and gas projects

What started as a trickle is turning into a rush for the exit as countries, financial institutions and companies commit to quitting coal – and increasingly oil and gas as well. 2020 to-date has seen 56 global banks, insurers, pension funds and asset managers announce new or expanded coal exit policies – 143 globally significant […]

October 30, 2020 Read More →