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PV Tech: Solar PV capacity in Asia Pacific could triple to 1,500GW by 2030, with China driving deployment and Indonesia set to be the region’s fastest-growing market, according to Wood Mackenzie. The research firm said ambitious solar targets mean China will add 619GW of PV by the end of the decade, by which time it […]
IEEFA
Asia Insurance Review: On 25 June, MS&AD adopted a policy that it would no longer insure or invest in new coal power plants, becoming the first Japanese insurer to make this move. The policy follows on the heels of similar announcements by four Korean insurers on 21 June, isolating Tokio Marine, Japan’s biggest insurer in […]
IEEFA
Bloomberg ($): The United Arab Emirates could become the first nation among the Organization of the Petroleum Exporting Countries to set a net-zero goal, a move that would please Western countries pushing for stronger climate commitments but won’t require it to sell less oil. The country is considering a 2050 target to align with a […]
IEEFA
Renew Economy: It’s official. After a decade of delays, protests and acrimonious debate, followed by two years of expensive construction work, Indian conglomerate Adani has finally got its hands on some actual Queensland coal. “It is wonderful that we have now struck coal,” David Boshoff, chief executive of Adani’s Australian mining operations, said on Thursday. […]
IEEFA
Renew Economy: More than 200GW worth of new offshore wind projects have been announced around the world since 2020, according to new figures published this week, but regulatory hurdles and supply chain constraints will nevertheless hinder the completion of the entire pipeline by 2030. The new figures were published this week by renewable energy consultancy […]
IEEFA
Reuters: South Korea’s three major non-life insurers told Reuters on Tuesday they will no longer provide coverage for new coal power projects, including their construction and operation. DB Insurance, Hyundai Marine & Fire Insurance and Hana Insurance, said they will stop underwriting coal power projects. DB Insurance added it will gradually retract its existing insurance […]
IEEFA
Reuters: Asia Pacific investments in renewable energy generation by 2030 may double to $1.3 trillion from the previous decade, dwarfing fossil fuel power expenditures that are expected to drop by about 25% to $54 billion annually, according to Wood Mackenzie. “Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion […]
IEEFA
Renewables Now: Spanish electric utility Iberdrola SA (BME:IBE) and South Korean multi-energy group GS Energy have signed a memorandum of understanding (MoU) to cooperate on the renewables development in South Korea and other regions in Asia. The agreement is meant to create a platform through which the partners would seek out and develop projects, including […]
Simon Nicholas
A moratorium on new thermal coal mining capacity is needed to avoid chaotic employment impacts
The New South Wales (NSW) Treasury has concluded in a technical paper for the 2021 NSW Intergenerational Report that “global demand for coal is expected to weaken considerably”. The report further notes that “Declining global demand for coal will reduce New South Wales’ economic growth over the projection period and will have impacts both on […]
IEEFA
Sydney Morning Herald: Coal jobs would disappear entirely in NSW within 20 years if international demand shrinks, according to one of three scenarios about the future of the industry prepared for the government by the state’s Treasury Department. The other two scenarios predict that coal jobs will decline from the current level of about 22,000 […]
![IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond [KOR]](http://ieefa.org/wp-content/uploads/2020/11/2020-11-08-KEPCO-fossil-fuels-360x12-v2-150x150.jpg "IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond [KOR]")
IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders
With export markets' changing expectations, investors and industry beware31 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 […]