UK

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

Scotland auction raises $958 million for 25 gigawatts of offshore wind

Reuters: BP, Shell (RDSa.L) and utility Iberdrola (IBE.MC) were among the winners of seabed rights to develop Scottish offshore wind projects, in an auction which raised nearly 700 million pounds ($958 million) for public spending. Competition for offshore wind sites has intensified as governments and investors have woken up to the urgency of cutting carbon […]

January 18, 2022 Read More →

RWE finishes turbine commissioning at 860MW Triton Knoll wind farm

ReNews.biz: RWE has completed turbine commissioning at the 860MW Triton Knoll offshore wind farm in the UK North Sea. The project is located 33 kilometres off the coast of Lincolnshire and once fully operational it will be one of the world’s largest offshore wind farms, generating sufficient electricity to meet the needs of around 800,000 […]

January 14, 2022 Read More →

Iberdrola inks deal for potential 3.5GW of Philippines offshore wind

offshoreWIND.biz: Iberdrola has signed an agreement with Triconti ECC Renewables, the Philippines’ largest independent wind developer, and Stream Invest Holding AG, a Swiss renewable energy group, sealing an option to enter five offshore wind projects with a combined capacity of up to 3.5 GW. This alliance opens the opportunity for Iberdrola to enter a new […]

January 13, 2022 Read More →

EDF, DP Energy to develop 1 gigawatt of floating wind in Celtic Sea

Reuters: EDF Renewables UK has created a joint venture with project developer DP Energy to generate up to 1 gigawatt (GW) of wind power from floating turbines in the Celtic Sea, it said on Wednesday. The floating offshore wind project, ‘Gwynt Glas’, will likely span English and Welsh waters south of Ireland. The partners have […]

January 12, 2022 Read More →

RWE using decommissioned Audi electric vehicle batteries for storage

Energy Storage News: Used lithium-ion batteries taken from carmaker Audi’s electric vehicles (EVs) have been repurposed into a ‘second-life’ stationary energy storage system by energy company RWE at a project in Herdecke, Germany.  RWE has deployed the system, which has a capacity of around 4.5MWh, at the site of its pumped hydro energy storage (PHES) […]

January 5, 2022 Read More →

Largest battery facility in France raises capacity to 61 megawatts

Energy Storage News: A second installation phase has been completed at TotalEnergies’ battery energy storage facility in Dunkirk, northern France, bringing its output and capacity to 61MW / 61MWh.   The battery energy storage system (BESS) was already France’s biggest system of its type — at 25MW / 25MWh — when it was inaugurated in January […]

December 23, 2021 Read More →

BlueFloat, Energy Estate plan 4.3 gigawatts of Australia offshore wind

Renew Economy: Australia’s push into offshore wind projects is about to accelerate, with Spanish firm BlueFloat Energy and Australia’s Energy Estate announcing plans to partner in the development of at least 4,300MW of offshore wind capacity in Australian waters. The partners announced on Wednesday that projects are being proposed at two of New South Wales’ […]

December 22, 2021 Read More →

Flow battery goes online at world’s largest hybrid project in UK

Energy Storage News: Flow battery company Invinity Energy Systems, alongside developer Pivot Power, has fully energised the UK’s largest flow battery, located in Oxford, England. It forms part of the £41 million (US$54.2 million) Energy Superhub Oxford (ESO) project, which is set to support the city’s goal of being zero carbon by 2040 or earlier, […]

December 21, 2021 Read More →

UK pension fund, UBS drop ExxonMobil and others over climate issues

BusinessGreen: Nest claims firms have ‘not done enough’ on climate to remain shareholders, in move prompted by UBS Asset Management’s decision to eject firms from ‘climate aware’ fund Government-backed pensions scheme Nest has divested from a string of carbon-intensive fossil fuel companies, including US oil major ExxonMobil and Canada’s Imperial Oil, citing concerns over their […]

December 20, 2021 Read More →

World’s largest offshore wind farm set to launch in UK by end of 2021

offshoreWIND.biz: First power from the 1,386 MW Hornsea Two, soon to be the world’s largest offshore wind farm, is expected before the end of the year, a spokesperson for Ørsted told offshore WIND. 139 of the wind farm’s 165 Siemens Gamesa 8.4 MW wind turbines have now been installed, and all of the wind farms […]

December 17, 2021 Read More →