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IEEFA Research

IEEFA: Air Products’ coal gasification proposal triggers looming policy disputes in Indonesia

IEEFA: Air Products’ coal gasification proposal triggers looming policy disputes in Indonesia

Plan to substitute Indonesia’s LPG imports with dimethyl ether may be hard to realize due to conflicting business interests

27 January, 2022 (IEEFA Indonesia): Air Products & Chemicals and the Indonesian government’s deal on coal gasification projects has triggered a looming policy conflict because it may be impossible to meet the business interests of all parties, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA). Air Products, a U.S.-based […]

and January 27, 2022 Read More →
IEEFA U.S.: Puerto Rico Legislature should reduce electric authority debt

IEEFA U.S.: Puerto Rico Legislature should reduce electric authority debt

Sanzillo: Puerto Rico solvency should not come at expense of ratepayers

January 25, 2022 (IEEFA) — The $8.26 billion in debt claimed by the Puerto Rico Electric Power Authority (PREPA) bondholders should not be borne by island ratepayers and small investors, IEEFA Director of Financial Analysis Tom Sanzillo said in testimony to the island’s legislature. Instead, Sanzillo told the Puerto Rico Senate Committee on Energy and […]

IEEFA U.S.: Price tag for new reactors at Vogtle Plant in Georgia climbs past $30 billion

IEEFA U.S.: Price tag for new reactors at Vogtle Plant in Georgia climbs past $30 billion

Delays, mismanagement, overruns may leave Georgia Power ratepayers with enormous cost burden

January 20, 2022 (IEEFA)—Once estimated at more than $14 billion, the price tag for two new reactors at Georgia Power Company’s Plant Vogtle site has now climbed past $30 billion, and both units will be more than six years late in coming online, according to a report by the Institute for Energy Economics and Financial […]

IEEFA Europe: ČEZ Group lays out decarbonisation plan, but is it ready?

IEEFA Europe: ČEZ Group lays out decarbonisation plan, but is it ready?

ČEZ finds itself playing catch-up after a decade of complacency

20 Jan. 2022 (IEEFA Europe) – After a decade of missed opportunities, ČEZ Group (ČEZ) finds itself playing catch-up on renewable energy, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA).  ČEZ, the largest energy group in Czechia and one of the largest energy groups in Central and Eastern Europe, […]

IEEFA India: Volatile LNG prices present opportunity to switch to cleaner fuel sources

IEEFA India: Volatile LNG prices present opportunity to switch to cleaner fuel sources

Lower demand for LNG leads to under-utilisation of infrastructure and raises stranded asset risks

19 January, 2022 (IEEFA India): High and volatile liquefied natural gas (LNG) prices are an opportunity for India’s gas-dependent industries and the city gas distribution network to switch to cleaner, non-fossil fuel alternatives like biogas and biomethane, says a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). This will also avoid […]

and January 19, 2022 Read More →
IEEFA Europe: Coal dependence squeezes Polish taxpayers for €141 billion

IEEFA Europe: Coal dependence squeezes Polish taxpayers for €141 billion

Coal exit by 2030 gives Poland an opportunity to double clean energy generation

10 Jan. 2022 (IEEFA Europe) – Poland’s dependence on coal is costing Polish taxpayers dearly, but the Polish government remains reluctant to shift to clean energy sources, according to a report by the Institute for Energy Economics and Financial Analysis. “If a coal phaseout is achieved by 2030, the resulting savings would enable Poland to […]

IEEFA/Ember India: Uttar Pradesh is at a crossroads in its electricity transition

IEEFA/Ember India: Uttar Pradesh is at a crossroads in its electricity transition

Solar is now key to meeting the state’s future energy demand

17 December (IEEFA/Ember, India): Uttar Pradesh has fallen behind other power-intensive Indian states in terms of delivering on renewable capacity targets. A new joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) and energy think tank Ember says urgent action is needed to get back on track, not only for the state […]

IEEFA: China, Japan and South Korea stand to gain most from increased scrap steel recycling

IEEFA: China, Japan and South Korea stand to gain most from increased scrap steel recycling

Mature, cost-competitive recycling technology offers an immediate opportunity for emissions reductions

17 December (IEEFA Australia): Investors are increasingly pressuring global steel companies to set out credible decarbonisation plans and these demands will only intensify. A significant trend that will lower emissions will be the expansion of scrap steel recycling, says a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). “Steel recycling is […]

IEEFA: Emerging Asia’s unrealistic LNG-to-power project pipeline threatens macroeconomic and financial stability

IEEFA: Emerging Asia’s unrealistic LNG-to-power project pipeline threatens macroeconomic and financial stability

IEEFA’s investigative analysis reveals that only a small fraction of LNG projects are viable across seven emerging Asian countries

15 December (IEEFA Asia): The liquefied natural gas (LNG) industry has framed LNG as a cheap, reliable “bridge fuel” to help countries reduce coal consumption and transition to cleaner renewable energy. For many project developers and countries in emerging Asia, however, LNG is a bridge that may never be built, according to the latest report […]

IEEFA: Coal lock-in in Southeast Asia presents a challenge for the Asian Development Bank’s coal retirement plan

IEEFA: Coal lock-in in Southeast Asia presents a challenge for the Asian Development Bank’s coal retirement plan

ADB’s plan may not stop the large coal pipeline in Vietnam, Indonesia and the Philippines

10 December (IEEFA Asia): In August, the Asian Development Bank (ADB) announced an ambitious plan to buy high emissions coal-fired power plants in Southeast Asia and retire them within 15 years through an energy transition mechanism (ETM). According to the Institute for Energy Economics and Financial Analysis’ (IEEFA) latest report, if the ETM is not […]

and December 10, 2021 Read More →

More News and Commentary

IEEFA: Skyrocketing EV sales in China spell a no-turning-back step change in global energy landscape

IEEFA: Skyrocketing EV sales in China spell a no-turning-back step change in global energy landscape

The avalanche of technology, policy and finance moves is now unstoppable

The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market. EV sales in China grew 154% year-on-year to 3.3 million in 2021. China now wants new energy vehicles (NEVs), including plug-in hybrids and hydrogen […]

January 19, 2022 Read More →
IEEFA India: Scaling up rooftop solar finance

IEEFA India: Scaling up rooftop solar finance

To realise rooftop solar's potential, funding for commercial and industrial sector installations needs to be as innovative as the technology

India has set a target of 40 gigawatts (GW) of rooftop solar by 2022. As of 30 June, 2021 India had 7.7GW of installed rooftop solar capacity. The commercial and industrial (C&I) sector accounts for about 75% of the total rooftop solar installations in India and accessible financing is a prerequisite to drive growth in […]

January 17, 2022 Read More →
IEEFA Update: How Indonesia’s coal export ban could impact India

IEEFA Update: How Indonesia’s coal export ban could impact India

What does it mean for power generation and energy security?

Not long ago, India faced coal shortages due to a decline in domestic coal production after mines flooded during the monsoons. That had more to do with developers not maintaining enough coal stockpiles than a decline in domestic coal production. Some of this shortfall in domestic supply from August to October 2021 was met through […]

January 13, 2022 Read More →
IEEFA India: Restrictive banking provisions hampering renewable sector growth
and

IEEFA India: Restrictive banking provisions hampering renewable sector growth

Excess solar and wind generation will be lost due to restrictions on banking of electricity

In the last few years, India’s renewable energy installations have increased substantially from 63 gigawatts (GW) in December 2017 to reach 104GW as of November 30, 2021. Falling technology costs and a strong regulatory push from the Central government have helped to drive this growth, along with state governments giving various waivers and incentives to […]

IEEFA U.S.: The coal boom that wasn’t
and

IEEFA U.S.: The coal boom that wasn’t

EIA data confirm long-term decline of fuel’s generation, market share

Preliminary 2021 data from the Energy Information Administration confirm what IEEFA said throughout the year: The long-term-trend in U.S. utility generation continues to move away from fossil fuels, particularly coal, and toward greater renewable energy use. Last year’s coal narrative used the historically low generation totals from 2020 to tout a supposed boom in demand. […]

IEEFA Europe: Coal dependence squeezes Polish taxpayers for €141 billion
, and

IEEFA Europe: Coal dependence squeezes Polish taxpayers for €141 billion

Coal exit by 2030 gives Poland an opportunity to double clean energy generation

10 Jan. 2022 (IEEFA Europe) – Poland’s dependence on coal is costing Polish taxpayers dearly, but the Polish government remains reluctant to shift to clean energy sources, according to a report by the Institute for Energy Economics and Financial Analysis. “If a coal phaseout is achieved by 2030, the resulting savings would enable Poland to […]

IEEFA: Accepting gas as unsustainable will bolster China’s position on green energy finance

IEEFA: Accepting gas as unsustainable will bolster China’s position on green energy finance

As some green taxonomies compromise on gas, China’s own exclusion of fossil fuel electricity projects sends the right market signal

As the urgency for climate action intensifies, momentum is building to support climate-friendly energy investments. But given widespread claims of environmental sustainability, how do we ensure that green-branded businesses and products are true to label and deserving of green energy finance? This is where green taxonomies, if designed properly, can play an important role. What […]

January 5, 2022 Read More →
IEEFA India: There has never been a better time for domestic solar module manufacturing

IEEFA India: There has never been a better time for domestic solar module manufacturing

Domestic policy environment and global inflation favour viability of made-in-India modules

‘Atmanirbharta’ (self-reliance) has been identified by the Indian government as a key element of strategic policy for the country’s economic recovery from the COVID-19 pandemic. Given this, clean energy, with an investment potential of more than US$500 billion over this decade, has become a focus area for the economy. India’s ambitious target of 450 gigawatts […]

December 23, 2021 Read More →

IEEFA Australia: Captive insurers threaten an orderly coal exit

As insurers retreat, the coal industry is turning to self-insurance

The good news is that coal is rapidly becoming uninsurable. Coal has been one of the largest contributors to climate change in history, and COP26 recently identified its elimination from energy sources as a prerequisite to meet the Paris Agreement’s 1.5℃ warming target. European insurers like AXA, SCOR and Zurich have led the way in […]

IEEFA: Postcard from 2030. Energy is clean, finance is moral, wish you were here

Looking back over a hypothetical decade of positive change, here's what we ideally should see

In the abiding issue of our time, decarbonisation, there are slivers of hope and grave concerns. In an ideal world in 2030, capitalism has been redefined and companies that destroy the environment cannot operate. Here are the questions and answers that should define a decade of positive change. What was the financial market response to […]

December 22, 2021 Read More →