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IEEFA Research

IEEFA U.S.: Texas confronts decline in oil and gas industry

IEEFA U.S.: Texas confronts decline in oil and gas industry

Analysis of long-term trends indicates slower growth, fewer jobs and lower tax contributions

July 28, 2021 (IEEFA) ⎼ Texas policymakers, regulators and public opinion have long held that “what’s good for oil is good for Texas.” But Texas’s economy has become more broad-based and the oil and gas sector’s proportionate contribution has declined. State leaders face a new set of facts on the ground about the future of […]

IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels

IEEFA: Global investors are moving away from the massive climate-related risks associated with fossil fuels

Top debt and equity investors committed over $300 billion in 2020 into building renewable energy capacity

19 July 2021 (IEEFA Australia): Despite the economic disruption from COVID-19, top global debt and equity investors are continuing to drive capital into the renewable energy infrastructure sector due to its consistency in providing investment opportunities, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Global investors are accelerating their […]

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued

Investors beware, capacity factor trends and LCOE analysis show gas-fired power plants likely to be stranded assets into the future

24 June 2021 (IEEFA Australia): The Australian government may be relying on inaccurate financial assumptions for its gas-fired recovery as most gas- and coal-fired power plants in Australia, the UK, the U.S. and China are being operated less and less – what’s called a declining capacity factor, finds a new report by the Institute for […]

IEEFA: Vanguard funds destroy shareholder wealth with US$290bn in fossil fuels creating a 5.6% performance drag

IEEFA: Vanguard funds destroy shareholder wealth with US$290bn in fossil fuels creating a 5.6% performance drag

A global laggard that has minimal transparency, is passive on climate, and is abrogating its fiduciary duty to best manage risk for investors

22 June 2021 (IEEFA Australia): Vanguard Group, the world’s second largest asset manager, is leaving its investors to face profound wealth destruction risks as the world’s largest investor in fossil fuels, all while insisting climate change is a priority for the company, finds a new report by the Institute for Energy Economics and Financial Analysis […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion

IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion

AIA must back their climate pledges

21 December 2020 (IEEFA Asia): Major insurer AIA still holds anywhere between US $4 – 6 billion in coal and coal-fired power assets that if stranded will massively reduce wealth for investors and despite pledging its commitment to three significant global climate accords according to a new report by the Institute for Energy Economics and […]

and December 21, 2020 Read More →
IEEFA: European gas pipeline companies mislead investors by underreporting CO<sub>2</sub>

IEEFA: European gas pipeline companies mislead investors by underreporting CO2

Reporting loophole means midstream operators aren't following the same guidelines as upstream or downstream sellers

December 14, 2020 (IEEFA) — European pipeline companies are using a loophole to market themselves as low-carbon businesses and avoid reporting on the climate effects of the natural gas they transport, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Hiding in Plain Sight—European Gas Pipeline Companies’ […]

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

IEEFA: From zero to fifty, global financial corporations get cracking on major oil/gas lending exits

Accelerating divestment from oil and gas shows similar early trends to global financial institution’s exit from coal

20 October 2020 (IEEFA): Fifty globally significant financial institutions have introduced policies restricting oil sands and/or oil and gas drilling in the Arctic including 23 to date this year, highlighting global capital continues to flee fossil fuels, according to a new tracker developed by the Institute for Energy Economics and Financial Analysis (IEEFA). “Momentum is […]

IEEFA Asia: Asian financial institutions also beginning to exit coal financing

Asia’s gradual exodus away from coal will eventually lead to a landslide

29 April 2020 (IEEFA Asia): Under the cover of COVID-19, Asian financial institutions and corporations have been stepping up and out of coal financing, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). In the last month alone, Japan’s two largest institutional banks, Sumitomo Mitsui Financial Group and Mizuho […]

IEEFA update: Tech giants’ investment in renewable power purchase agreements pays off in current climate

Corporates increasingly supporting necessary renewable energy investment

25 March 2020 (IEEFA Australia): A new IEEFA briefing note out today finds the largest tech giants have all committed to renewable energy targets and are increasingly taking up renewable power purchase agreements, a move putting them in good stead in the current climate. Author of the note Clark Butler says major technology companies that […]

More News and Commentary

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 →

Construction finished on world’s largest floating wind farm project

The Scotland Herald: AN ABERDEEN-based renewables firm has hailed the completion of what is claimed to be the world’s largest floating windfarm. Kincardine Offshore Windfarm Ltd (KOWL) said the milestone also marks the start of the long-term Power Purchase Agreement (PPA) signed in 2018 with Oslo-based Statkraft, which will purchase the electrical output from the […]

September 22, 2021 Read More →

Final turbine installed at 950MW Moray East offshore wind farm in Scotland

ReNews.biz: EDP Renewables (EDPR) and Engie JV Ocean Winds has announced the installation of the last of its 100 turbines at Scotland’s 950MW Moray East offshore wind project. Ocean Winds has been developing offshore wind in the Moray Firth since EDPR won the rights to develop offshore wind there in the UK’s 3rd round of […]

September 17, 2021 Read More →
IEEFA Europe: Overcapacity and investment fever push costs to Spanish consumers, yet Enagás profits
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IEEFA Europe: Overcapacity and investment fever push costs to Spanish consumers, yet Enagás profits

Spain’s gas regulations benefit Enagás and burden consumers

September 15, 2021 (IEEFA) – Empresa Nacional de Gas (Enagás) has benefited from a “security and diversity of supply” strategy as an excuse to build or expand liquefied natural gas regasification terminals, natural gas pipelines and gas storage facilities. The resulting overcapacity has meant low utilization rates for gas infrastructure assets in Spain, as well […]

IEEFA Europa: El exceso de capacidad y una fiebre por invertir suben las facturas de los consumidores españoles, pero Enagás se lucra
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IEEFA Europa: El exceso de capacidad y una fiebre por invertir suben las facturas de los consumidores españoles, pero Enagás se lucra

La regulación del gas en España beneficia a Enagás y perjudica a los consumidores

15 de septiembre de 2021 (IEEFA) – La Empresa Nacional de Gas (Enagás) se ha beneficiado de una estrategia de «seguridad y diversidad del suministro» como excusa para construir o ampliar plantas de regasificación de gas natural licuado, gasoductos de gas natural e instalaciones de almacenamiento de gas. Según un informe del Instituto de Economía […]

Aker, Ocean Winds joint venture plans 6GW floating offshore wind project in Scotland

S&P Global Market Intelligence ($): After forming a partnership in July, offshore wind developers Ocean Winds SL and Aker Offshore Wind AS said Sept. 14 that they submitted a bid to use floating devices to deliver 6 GW of energy as part of Crown Estate Scotland’s ScotWind lease round process for several sites in the […]

September 15, 2021 Read More →

UK establishes 265 million-pound subsidy pot for renewable developers

The Guardian: Renewable energy developers will compete for a share in a £265m subsidy pot as the government aims to support a record number of projects in the sector through a milestone subsidy scheme later this year. Under the scheme, offshore wind developers will compete for contracts worth up to £200m a year, and onshore […]

September 13, 2021 Read More →

Top U.S. Treasury official calls for accelerated coal-fired plant closures

Reuters: The U.S. Treasury’s top climate official on Thursday said programs to accelerate the closure of coal-fired power plants are an “absolutely critical part” of fighting climate change but carry some risks. In an interview with Reuters, Treasury Climate Counselor John Morton endorsed a scheme being developed by the Asian Development Bank (ADB) and private […]

September 10, 2021 Read More →

Iberdrola plans 6 gigawatts of offshore wind development in Taiwan

REVE: Iberdrola has continued its expansion in the Asia-Pacific region with the announcement of three new offshore wind development projects in Taiwan, with potential capacity of approximately 6 gigawatts (GW). The projects are named Da-Chung Bu Offshore Wind, Guo-Feng Offshore Wind and Ju-Dao Offshore Wind and will be located in the county waters of Taichung, […]

September 10, 2021 Read More →

Global wind farm installations expected to double, reaching record level

The Guardian: Windfarm installations are expected to double to record global levels this year, after a short-lived Covid-19 slowdown, according to the Global Wind Energy Council (GWEC). The group’s annual report found that the world’s offshore windfarm capacity grew by 6.1GW last year, down slightly from a record 6.24GW in 2019, but would rebound to […]

September 9, 2021 Read More →