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Sam Reynolds, Grant Hauber and Press Release
IEEFA’s investigative analysis reveals that only a small fraction of LNG projects are viable across seven emerging Asian countries
15 December (IEEFA Asia): The liquefied natural gas (LNG) industry has framed LNG as a cheap, reliable “bridge fuel” to help countries reduce coal consumption and transition to cleaner renewable energy. For many project developers and countries in emerging Asia, however, LNG is a bridge that may never be built, according to the latest report […]
IEEFA
The Business Mirror: Sara Jane Ahmed, advisor to the Vulnerable 20 (V20) Group of Finance Ministers and founder of the Financial Futures Center (FFC), was recognized as one of the awardees of the Climate Breakthrough Project this year. Ahmed is the first Filipino and Bangladeshi to receive this award. She has authored studies on renewable […]
Melissa Brown, Grant Hauber and Press Release
Implementation challenges could block funding for other equally important high impact clean energy funding strategies
24 September 2021 (IEEFA Asia): In the lead up to the United Nations Climate Change Conference COP26, the Asian Development Bank (ADB) announced a plan to speed up the retirement of high emissions coal-fired power plants in Southeast Asia. This announcement sets the stage for a transformation of the Asian multilateral development bank’s (MDB) role […]
Sam Reynolds and Press Release
Overly optimistic claims about financial, economic and environmental benefits of LNG
Sept. 23, 2021 (IEEFA) – A recent white paper sponsored by the U.S. Agency for International Development (USAID) promotes the benefits of liquefied natural gas in the Philippines. The report, however, is based on questionable assumptions about global LNG prices, long-term demand and market viability of U.S. exports to price-sensitive countries in Asia, according to […]
IEEFA
Reuters: China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing’s own domestic coal programme is still propping up the dirty fossil fuel. Chinese President Xi Jinping said in a pre-recorded address at the United Nations General Assembly on Tuesday […]
Bruce Robertson
Gas price risk is rising for developing markets disrupting expansion plans
An IEEFA paper published earlier this year has proved to be eerily correct with forecasts of doubling or even tripling of the U.S. Henry Hub price and higher and extremely volatile global gas prices. In January 2021, IEEFA warned that over US$50 billion in gas power projects and LNG import facilities were at risk of […]
IEEFA
The Washington Post ($): Carbon dioxide emissions from the global electric power sector rebounded in the first half of 2021 to above pre-pandemic levels, according to an analysis, signaling that the world has failed to engineer a “green recovery” and shift decisively away from fossil fuels. As electricity demand jumped from last year’s lows, the […]
Simon Nicholas
Decade-long coal-fired plant binge slows as government considers gas alternatives
Bangladesh has been faced with the prospect of a major rollout of coal-fired power plants for over a decade. The Bangladesh government’s focus on coal-fired power began with the 2010 Power System Master Plan, and was then reinforced by the 2016 version. Several of these plants are now under construction. For many years since, people […]
IEEFA
Arab News: ACWA Power, the utility developer backed by Saudi Arabia’s Public Investment Fund (PIF), is planning to invest $16 billion in new projects around the world in 2021, ahead of plans for an initial public offering (IPO). Early last year, CEO Paddy Padmanathan said the company planned to invest $10 billion in new projects […]
IEEFA
Agence France-Presse: Bangladesh announced Sunday that it has scrapped at least 10 major coal-fired power plants as it seeks to scale up its power generation from renewable energy sources. Nasrul Hamid, the state minister for power and energy, said the decision was taken in light of technological changes and as dozens of countries halt new […]
IEEFA: Bangladesh’s power system overcapacity problem is getting worse
Overcapacity, along with increased reliance on expensive coal and LNG imports, threaten to increase the cost of power generation20 January 2021 (IEEFA Bangladesh): Overcapacity in Bangladesh’s power system has worsened and threatens to deteriorate further according to a new briefing note released by the Institute for Energy Economics and Financial Analysis (IEEFA) today. Data from the Bangladesh Power Development Board’s (BPDB) latest annual report shows that overall power capacity utilisation in fiscal year […]