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IEEFA Research

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

Leaving the ‘dirty’ gas in the ground might now be the best course of action

20 October 2021 (IEEFA Australia): Even if it employed carbon capture and storage, Barossa gas will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain, making it one of the more expensive and dirtiest gas projects in the world, finds a new report from the Institute for Energy Economics […]

IEEFA: Defying global financial trends, Vietnam pivots back to coal power

IEEFA: Defying global financial trends, Vietnam pivots back to coal power

Latest draft power development plan puts clean energy transition at risk by sacrificing renewables for more coal

29 September (IEEFA Vietnam): In the lead up to the United Nations Climate Change Conference COP26, President Xi Jinping recently declared that China will no longer build new coal-fired power projects abroad. Despite limited details, the ramifications of China’s coal exit strategy for coal-centric developing economies like Vietnam could be immense. Before President Xi’s announcement, […]

and September 29, 2021 Read More →
IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 

IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 

With export markets' changing expectations, investors and industry beware

31 March 2021 (IEEFA Australia): Santos’ proposed offshore Barossa gas field near Darwin, Northern Territory has the unfriendly tag of having more carbon dioxide than any gas currently made into LNG, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The gas contains so much CO2 that most of it […]

IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam

IEEFA: Over US$50 billion in gas power projects and LNG import facilities at risk of cancellation in Bangladesh, Pakistan and Vietnam

Pakistan and Bangladesh have already cancelled tenders for LNG imports

14 January 2020 (IEEFA): Emerging markets such as Vietnam, Pakistan and Bangladesh that are turning to liquefied natural gas (LNG) as a source of power are likely to be hit by higher and more volatile prices going forward, according to a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA). Author […]

IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions

IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions

Investing in gas-fired power plant development faces substantial climate risk

2 December 2020 (IEEFA): Japanese and Korean investors should reassess the growing financial risks to both their new and existing gas-fired power projects in the United States’ Pennsylvania-New Jersey-Maryland (PJM) system, finds a new report by Norman Waite at the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Growing Risks to PJM Network’s […]

IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond [KOR]

IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond [KOR]

Funding of new overseas coal projects is a red flag for sustainable investors

성공적이라는 한전의 ‘그린본드,’ 정작 글로벌 ESG 투자자들에게는 외면 ‘해외 석탄 투자와 병행된 ‘그린본드’, 신뢰하기 힘들어’ 지난 6월 ESG 경영을 위해 한국전력이 발행한 글로벌 그린본드가 정작 지속가능한 투자를 중시하는 세계 주요 ESG 투자자의 신뢰를 얻는데 실패한 것으로 드러났다. 11월 23일(월), 에너지 및 환경 관련 금융 이슈를 분석하는 미국 에너지경제∙재무분석연구소(IEEFA)는 ‘한전 그린본드, ESG 시장 기대에 못 미치다’라는 […]

and November 26, 2020 Read More →
IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond

IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond

Funding of new overseas coal projects is a red flag for sustainable investors

24 November 2020 (IEEFA South Korea): Korea Electric Power Corporation’s (KEPCO’s) recent green bond failed to attract leading sustainable investors, despite being 10 times oversubscribed, according to new research by the Institute for Energy Economics and Financial Analysis (IEEFA). The South Korean state-owned utility’s June 2020 green bond raised US$500 million from international financial investors. […]

and November 24, 2020 Read More →

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

IEEFA update: Peabody Energy flirts with bankruptcy—again

IEEFA update: Peabody Energy flirts with bankruptcy—again

Bear market for coal, new financial pressures push world’s largest coal company towards default

Just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months. Coal bankruptcies in the United States have become increasingly common. Cheap gas and renewable power have steadily replaced coal in the […]

IEEFA report: Foreign investors face tough times closing Vietnam’s remaining coal power deals

IEEFA report: Foreign investors face tough times closing Vietnam’s remaining coal power deals

Project bankability at risk as new regulations threaten usual contractual terms

3 November 2020 (IEEFA Vietnam): Foreign investors will face higher-than-usual risks in concluding coal power projects in Vietnam, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). Author Thu Vu, Energy Analyst with IEEFA, says new regulatory and market challenges will likely prove too onerous for foreign investors in four […]

and November 3, 2020 Read More →

More News and Commentary

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

Leaving the ‘dirty’ gas in the ground might now be the best course of action

20 October 2021 (IEEFA Australia): Even if it employed carbon capture and storage, Barossa gas will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain, making it one of the more expensive and dirtiest gas projects in the world, finds a new report from the Institute for Energy Economics […]

EDP plans to invest $13 billion in UK wind and solar projects by 2030

Reuters: Power distribution company WEL Networks and renewables developer Infratec are in the final stages of assessment for what will be New Zealand’s first utility-scale battery energy storage Power company Energias de Portugal (EDP.LS) (EDP) plans to invest 12.86 billion pounds ($17.65 billion) in wind and solar projects in Britain by 2030 as the country […]

October 19, 2021 Read More →

Solar investments produce 2.7 times more jobs than fossil fuel work

Huffington Post: As Congress debates whether to pare down the Biden administration’s signature climate proposals or allow the fossil fuel industry to benefit more from new government programs, new research suggests doing so would create far fewer jobs. For every million dollars the United States government invests, solar produces over 2.7 times more jobs than […]

October 18, 2021 Read More →

TotalEnergies, Air Liquide among investors in $1.7 billion hydrogen fund

Bloomberg ($): TotalEnergies SE, Air Liquide SA and Vinci SA pledged to contribute 100 million euros ($116 million) each to a fund created by Ardian SAS and FiveT Hydrogen that aims to invest 1.5 billion euros in clean hydrogen infrastructure. The commitments are the latest sign of the growing interest in the carbon-free fuel. Nations […]

October 1, 2021 Read More →
IEEFA: Defying global financial trends, Vietnam pivots back to coal power
and

IEEFA: Defying global financial trends, Vietnam pivots back to coal power

Latest draft power development plan puts clean energy transition at risk by sacrificing renewables for more coal

29 September (IEEFA Vietnam): In the lead up to the United Nations Climate Change Conference COP26, President Xi Jinping recently declared that China will no longer build new coal-fired power projects abroad. Despite limited details, the ramifications of China’s coal exit strategy for coal-centric developing economies like Vietnam could be immense. Before President Xi’s announcement, […]

and September 29, 2021 Read More →

Seven countries sign on to UN plan to “consign coal to history”

Bloomberg ($): Seven countries have signed a pledge initiated by the United Nations to stop building new coal power plants, with the aim to gather more signatures before the global climate summit COP26 in Glasgow next month. The No New Coal agreement is the latest attempt to try and piece together a global phase-out of […]

September 24, 2021 Read More →
IEEFA China: President Xi Jinping’s profound United Nations General Assembly speech

IEEFA China: President Xi Jinping’s profound United Nations General Assembly speech

Already the world’s leading investor in zero emissions industries of the future, now China pledges it will end international funding of coal

President Xi Jinping of China has made a profoundly important announcement overnight at the United Nations General Assembly in a speech titled: ‘Building confidence and jointly overcoming difficulties to build a better world’. “China will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power […]

September 22, 2021 Read More →

China foreign coal financing halt could scratch $50 billion investment

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 […]

September 22, 2021 Read More →

Korean chaebol launch effort to promote domestic hydrogen industry

Nikkei Asia ($): Fifteen of South Korea’s best-known companies, including Hyundai Motor, SK Group and Posco, launched a business council Wednesday to promote the domestic hydrogen industry and tap the growing global movement toward decarbonization. The council, called the Korea H2 Business Summit, will discuss challenges facing the industry and offer policy recommendations to the […]

September 10, 2021 Read More →
IEEFA Australia: Comparing global commitment to renewable energy policies, programs and funding

IEEFA Australia: Comparing global commitment to renewable energy policies, programs and funding

Despite some glaring anomalies, much of the world is finally heading in the right direction

It could be easy to become disheartened. Australia is still not focusing on the climate science and need for a rapid decarbonisation of the economy. Instead, the Federal government is bizarrely trying to provide new capacity payment subsidies to extend the life of antiquated coal plants, is providing subsidies in the tens of millions for […]

September 8, 2021 Read More →