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Sam Reynolds
LNG importers will bear climate-related risks of exporting countries, threatening energy security and electricity costs
The Texas energy crisis has become world news. During last week’s extreme winter weather, surging electricity demand collided with falling generation, forcing the state’s grid operator to implement rolling blackouts. In many cases, blackouts lasted for over 24 hours, causing fuel and electricity supply shortages and disruptions throughout the gas supply chain. At least 4.5 […]
IEEFA
PV Tech: Iberdrola has unveiled plans to double its spend on renewables, taking its investment from €75 billion (US$91 billion) by 2025 to €150 billion (US$182 billion) by 2030. The Spanish energy group made the pledge after its renewables business posted net profits of €3.6 billion (US$4.4 billion) last year despite the widespread disruption in […]
IEEFA
PV Tech: As much as 209GW of solar PV could be installed this year, BloombergNEF (BNEF) has said, with project activity booming in most international markets. Annual deployment is also expected to continue to climb over the coming years, with BNEF’s optimistic forecast expecting 221GW to be installed in 2022 and 240GW in 2023. The […]
IEEFA
OffshoreWind.biz: Workforce demand in offshore wind will rise dramatically over the next decade, with the number of jobs in this sector reaching around 589,000 in 2025, while 2030 could see 868,000 full-time offshore wind jobs. Currently, it is estimated that around 297,000 people are working in the sector. This is according to an analysis from […]
IEEFA
Recharge: Oil supermajor Total raised its renewable energy target to 35GW by 2025, as it pursues an ambition to become a global top-five player in the green power sector that could see it adding 10GW of new projects annually, the company said on Wednesday. The new 2025 goal for gross capacity developed adds 10GW to […]
Tim Buckley
The government’s Climate Solutions Fund offers little hope for financial industry backers of a Paris-aligned economic recovery
The world is grappling with how best to manage the health and economic consequences of two global emergencies, COVID-19 and the urgent need to reach zero emissions. The near term is dominated by the current pandemic and finding a balance between the continuing public health response to avoid a second wave of infections, and the […]
Tim Buckley
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is positive. The region is likely to see a continuation of growing energy demand on the back of strong demographic trends which underpin a strong regional economic growth profile. HOWEVER, INVESTORS AND CORPORATES SHOULD PROCEED WITH EYES WIDE OPEN to the risks of the global […]
Bruce Robertson
Renewable projects going ahead as oil and gas companies withdraw from projects
There were a couple of surprising things that came out of Australian oil and gas producer Santos’ annual general meeting last week. Firstly, the chairman highlighted that they have pretty radically cut their capital expenditure budget which has involved them delaying the final investment decision on their $7 billion investment in the Barossa field offshore […]
Guest Commentary: Dave Jones
Short- and long-term impacts of pandemic on electricity markets are still unclear
In the coming months, governments around the globe will pump trillions in public spending to try to stimulate economic recovery. How this money is used will mean the difference between seeing a big rebound in CO2 emissions, or setting the world on a more sustainable pathway through investing in renewables and low-carbon alternatives. A new […]
Bruce Robertson
The crash in oil prices exacerbates the uncertain future of gas
In the last few weeks, we have seen a flurry of activity in the oil and gas industries. Fracking companies in particular have been trying to respond to both the oil crash and the coronavirus crisis with a business-as-usual approach. In the Northern Territory of Australia, where there a number of exploration projects, the government […]
Press release: IEEFA statement on Teck Resources decision to withdraw Frontier Mine proposal
February 24, 2020 – Tom Sanzillo, Director of Finance for the Institute for Energy Economics and Financial Analysis (IEEFA), made the following statement today on Teck Resources’ decision to withdraw its proposal to build the Frontier oil sands mine in Alberta: “Teck’s leadership has acknowledged that conditions have changed, and the $20 billion Frontier project […]