Galilee Basin, Queensland, AU

IEEFA Research

IEEFA Update: An Increasingly Cursed Australian Coal Project

IEEFA Update: An Increasingly Cursed Australian Coal Project

Bad Financials, Weak Markets, Policy Headwinds, Social-License Issues, Transparency Questions, Climate Risk: The Many Afflictions Hobbling the Proposed Carmichael Mine

IEEFA has released an update today on Adani’s long-festering coal mine project in northern Queensland that plumbs the depths of the Indian conglomerate’s financials and finds them vastly insufficient for the supposed job at hand. Our report— “Adani: Remote Prospect: Carmichael Status Update 2017”—follows on previous work we’ve done around what would be the biggest new coal […]

New IEEFA Report: ‘Sub-Critical Australia’ East Coast Grid Needs an Electricity Market Plan

SYDNEY 17 May 2016 (IEEFA.org) – Australia’s east coast electricity market currently faces a disorderly transition resulting in the potential for black-outs and poor social and environmental outcomes, according to ‘Sub-Critical Australia,’ a new report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). According to the report, Australia’s National Energy Market […]

New IEEFA Report – Adani: Remote Prospects

New IEEFA Report – Adani: Remote Prospects

Obstacles to Adani’s Project in Australia Have Only Grown: The Strategic ‘Moment’ for Coal Mining in the Galilee Basin Has Passed; Public Investment Is Ill-Advised; Markets Will Not Support an Unbankable Development

Almost two years ago we published a review in which we raised doubts about the Adani Group’s proposed Carmichael coal mine in the Galilee Basin of Australia and the associated rail and port infrastructure development. The mine would ship coal through the port at Abbot Point in the Great Barrier Reef. Today we’ve published an […]

September 15, 2015 Read More →
Galilee Coal Basin: Carmichael – A Stranded Asset?

Galilee Coal Basin: Carmichael – A Stranded Asset?

Galilee Coal Basin: Carmichael – A Stranded Asset? By Tim Buckley, Director Energy Finance Studies, Australasia

May 19, 2015 Read More →
IEEFA Study: Corporate Restructuring at Adani Enterprises Enhances Shareholder Value; Marginalizes Australian Coal Project; Better Aligns Adani Group With Transformation of India’s Electricity Sector

IEEFA Study: Corporate Restructuring at Adani Enterprises Enhances Shareholder Value; Marginalizes Australian Coal Project; Better Aligns Adani Group With Transformation of India’s Electricity Sector

Proposed Development of Galilee Basin Project Will Become ‘Collateral Damage’

CLEVELAND, May 5, 2015 (IEEFA.org) — A report published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes that Adani Enterprises’ recent corporate restructuring better aligns its parent Adani Group with minority shareholders and with new opportunities emerging in the Indian electricity sector transformation. It concludes also that the restructuring—which vastly reduces […]

Global Energy Markets Transition Drives Thermal Coal Into Structural Decline

Global Energy Markets Transition Drives Thermal Coal Into Structural Decline

New Research by IEEFA Sees Slowing Demand for Coal and Rapidly Rising Investment in Renewables CLEVELAND, Jan. 14, 2015 (IEEFA.org) — Rapid expansion of renewable energy combined with weakening electricity demand are driving a structural decline in seaborne thermal coal markets, according to a new briefing released today by the Institute for Energy Economics and […]

January 14, 2015 Read More →
Briefing note: The Narrabri Coal Seam Gas Project

Briefing note: The Narrabri Coal Seam Gas Project

Briefing note: The Narrabri Coal Seam Gas Project (pdf) By Tim Buckley, Director of Energy Finance Studies, Australasia

December 9, 2014 Read More →
Briefing note: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals

Briefing note: The Outlook for Financing for Australia’s Galilee Basin Coal Proposals

Briefing note: The outlook for financing for Australia’s Galilee Basin coal proposals By: Tom Sanzillo, IEEFA Director of Finance

October 22, 2014 Read More →
Briefing note: Fossil fuels, energy transition & risk, July 2014

Briefing note: Fossil fuels, energy transition & risk, July 2014

Briefing note: Fossil fuels, energy transition & risk,  July 2014 (pdf) By Tim Buckley, Director of Energy Finance Studies, Australasia, IEEFA

July 21, 2014 Read More →
Briefing note: Fossil fuels, energy transition & risk

Briefing note: Fossil fuels, energy transition & risk

 Briefing note: Fossil fuels, energy transition & risk (pdf)

June 5, 2014 Read More →

More News and Commentary

IEEFA Australia: Captive insurers threaten an orderly coal exit

As insurers retreat, the coal industry is turning to self-insurance

The good news is that coal is rapidly becoming uninsurable. Coal has been one of the largest contributors to climate change in history, and COP26 recently identified its elimination from energy sources as a prerequisite to meet the Paris Agreement’s 1.5℃ warming target. European insurers like AXA, SCOR and Zurich have led the way in […]

IEEFA: The cash hit-list to counter climate change

IEEFA: The cash hit-list to counter climate change

From Glasgow, the U.S. and Europe must produce three critical fiscal developments to counter climate change

I was struck by the image of the G20 leaders tossing coins over their shoulders into the Trevi Fountain to make a wish. That pretty much sums up what members of that group will be left with – not least our own PM – if they don’t get moving on providing an adjustment mechanism to counter climate […]

BNY Mellon to cut ties with Adani’s Carmichael coal mine in Australia

Bloomberg Green: Bank of New York Mellon Corp. will sever ties with billionaire Gautam Adani’s contentious Carmichael thermal coal mine in Australia, the latest global financial institution to distance itself from the project. “BNY Mellon has decided to resign from all legacy transactions with Adani in Australia and will not pursue additional transactions,” the U.S. […]

November 8, 2021 Read More →

Another insurance company walks away from Adani’s Carmichael coal mine project in Australia

The Guardian: Another major insurer that was providing cover for the Adani Carmichael coalmine project in Queensland has said it will not be renewing policies with the coal project. Aspen Insurance is the fourth of Adani’s underwriters to walk away from the major mine and export rail project currently being constructed in the Galilee basin. […]

June 19, 2020 Read More →

IEEFA update: The Adani juggernaut is expanding on all fronts, Australian coal needs not be one of them

Adani Group could show global leadership and walk away from its long stalled Carmichael mine

The Adani Group is today one of the most powerful business conglomerates in India, spanning six listed entities across a growing multitude of activities. The group is unusual in that it is entirely, sensibly, almost entirely focused on one country, India. Internationally, this conglomerate operates only two businesses of any note – one thermal coal mine […]

October 29, 2019 Read More →

Forensic accountant: Australia’s Adani Mining is in ‘perilous financial condition’

Australian Broadcasting Corporation: Professor Sandra van der Laan casts her eyes over the complex corporate structure for Adani’s Australian operations. “It looks to me like a corporate collapse waiting to happen,” she says. “It has all the hallmarks of the big corporate failures we’ve seen over the last 20 to 30 years.” Professor van der […]

July 24, 2019 Read More →

Opponents win round in fight against Adani’s planned Carmichael mine

The Guardian: The federal government will have to reassess water infrastructure for Adani’s Carmichael coalmine after conceding in a legal challenge that was lodged with the federal court. The Australian Conservation Foundation has succeeded in its appeal against the government’s assessment of Adani’s north Galilee water scheme, with the federal government admitting it failed to […]

June 12, 2019 Read More →

Developer drops plans for China Stone thermal coal mine in Australia’s Galilee Basin

The Guardian: The backer of a massive coal proposal in the Galilee Basin, adjacent to Adani’s Carmichael mine site, has quietly abandoned its plans amid growing doubts about the long-term profitability of Australian thermal coal exports. The ABC reported this morning that the proponents of the $7bn China Stone mine had withdrawn their application for […]

May 23, 2019 Read More →

Key Rail Player Pulls Out of Adani’s Australian Coal Project

Financial Times: Australia’s largest rail freight operator withdrew an application for a A$1bn (US$777m) state-backed loan on Friday to build a rail line to support development of the Galilee Basin, one of the world’s largest untapped coal reserves. The decision by Aurizon represents another setback to Indian mining groups, Adani and GVK Hancock, which are […]

February 9, 2018 Read More →

On the Blogs: Coal Use Trends Continue to Drive Doubts on Adani Project in Australia

Macrobusiness Australia: The justification behind the proposed $1 billion concessional loan from Australian taxpayers to Adani to build the Carmichael coal project has taken another hit today with reports that India’s appetite for coal is waning. From The Australian: “In the last two years, coal consumption has slowed to its lowest level in two decades, […]

August 10, 2017 Read More →