Carbon capture and storage

IEEFA Research

IEEFA: Indonesia’s state-owned utility PLN’s 2060 net zero ambition not without flaws and gaps

IEEFA: Indonesia’s state-owned utility PLN’s 2060 net zero ambition not without flaws and gaps

Indonesia on the right emissions reduction pathway but same old coal stories persist

25 June (IEEFA Indonesia):  Recent announcements by Indonesia’s state-owned utility company Perusahaan Listrik Negara (PLN) to achieve carbon neutrality by 2060 must be met with caution and scrutinized as the numbers don’t stack up, according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report’s authors IEEFA energy finance […]

IEEFA U.S.: Investors hesitate to fund San Juan Generating Station CCS retrofit

IEEFA U.S.: Investors hesitate to fund San Juan Generating Station CCS retrofit

Enchant Energy’s carbon capture project is significantly behind schedule as it struggles to secure investors

May 27, 2021 (IEEFA) – Enchant Energy and the City of Farmington have failed to convince potential investors that retrofitting New Mexico’s San Juan Generating Station for carbon capture is financially viable, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA).  The project, which has yet to secure the funds […]

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

IEEFA: Carbon capture goals miss the mark at Boundary Dam 3 coal plant

Carbon capture at SaskPower’s Boundary Dam 3 facility falls far short of projections

April 20, 2021 (IEEFA) — An announcement by a Canadian power company that it’s met carbon capture goals shouldn’t be taken at face value, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis. SaskPower, the operator of the Boundary Dam 3 coal plant, said March 31 that its […]

IEEFA: Emissions and Qatar are neglected risk factors in Woodside’s Scarborough project

IEEFA: Emissions and Qatar are neglected risk factors in Woodside’s Scarborough project

With ASX enforcing continuous disclosure provisions gas companies must release modelling on carbon price sensitivity

14 April 2021 (IEEFA Australia): Investors are in the dark about the financial implications of emissions from Woodside’s proposed Scarborough gas field in the offshore North West Shelf, Western Australia, as the company has yet to release its carbon price sensitivity modelling, finds a new report by the Institute for Energy Economics and Financial Analysis […]

IEEFA: New Mexico’s biggest utility moves forcefully toward solar

IEEFA: New Mexico’s biggest utility moves forcefully toward solar

Four projects totaling 950 megawatts will replace San Juan Generating Station; likelihood of coal plant carbon-capture retrofit further diminished

October 12, 2020 (IEEFA) — An aggressive expansion into utility-scale solar by Public Service Company of New Mexico will replace all of the power PNM will lose when the coal-fired San Juan Generating Station (SJGS) closes in June 2022, concludes a research brief published today by the Institute for Energy Economics and Financial Analysis. PNM’s […]

and October 12, 2020 Read More →
IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]

IEEFA update: Dwindling odds of success for retrofit of New Mexico coal plant with carbon capture

IEEFA update: Dwindling odds of success for retrofit of New Mexico coal plant with carbon capture

Barriers include recent failure of similar experimental project, oppositional market forces, no known investors, no customer base, nowhere to sequester emissions

Sept. 16, 2020 (IEEFA) — The proposed retrofit with carbon capture technology of a coal-fired power plant in San Juan County, N.M., shows dwindling chances of success, according to a briefing note released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The analysis concludes that the plan is most likely a lost […]

IEEFA U.S.: Mothballing of Petra Nova carbon capture project shows likely fate of other coal-fired CCS initiatives

IEEFA U.S.: Mothballing of Petra Nova carbon capture project shows likely fate of other coal-fired CCS initiatives

Red flags for investors - risks for Enchant Energy’s initiative in New Mexico and Project Tundra in North Dakota

August 3, 2020 (IEEFA) — A research brief published today by the Institute for Energy Economics and Financial Analysis (IEEFA) concludes that the abrupt recent shutdown of the Petra Nova coal-fired carbon capture plant in Texas should be seen as a strong signal for investors to avoid such projects. The report—Petra Nova Mothballing Post-Mortem: Closure […]

IEEFA Australia: Carbon capture and storage is a poor investment

More money and emissions spent on projects than in storing carbon

2 July 2020 (IEEFA): Australia is pondering carbon capture and storage despite poor outcomes from the only two projects operating world-wide and a lack of revenue generated in lieu of a carbon price, finds a new IEEFA briefing note. Author of the note Clark Butler says from a financial perspective, carbon capture and storage (CCS) […]

IEEFA report: Proposed carbon capture retrofit of San Juan Generating Station does not add up

IEEFA report: Proposed carbon capture retrofit of San Juan Generating Station does not add up

‘Rational investors or regulators’ are unlikely to back Enchant Energy

Feb. 12, 2020 (IEEFA) — A proposal to turn the San Juan Generating Station in northwestern New Mexico into a carbon-capture project is doomed by core flaws in the business model put forth by its promoter, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report, Enchant’s Proposed CCS […]

More News and Commentary

IEEFA: Wyoming’s tough lesson: economic reality can’t be legislated away

IEEFA: Wyoming’s tough lesson: economic reality can’t be legislated away

Black Hills integrated resource plan shows futility of state’s pro-coal legislation

Wyoming politicians have worked feverishly over the last couple of years to protect the state’s struggling coal industry, but economic reality can’t be legislated away. That simple fact is readily apparent in the integrated resource plan (IRP) filed last month by Black Hills Corporation, which owns two small investor-owned utilities that do business in the […]

EU polluters seeking carbon capture as solution despite poor results

Bloomberg ($): As the European Union gets serious about fighting climate change, experts are fielding more calls than ever from polluters seeking help to trap, process and store their carbon emissions. The business of capturing emissions from industrial plants that make everything from cement to energy will get a push from the European Commission’s ambitious […]

July 22, 2021 Read More →

Total cost of 2050 net-zero goal pegged between $92T and $173T

Renew Economy: A massive increase in the deployment of wind, solar and battery storage over the next decade is essential if the world is to meet its goal of reaching net zero emissions by 2050 – the key to meeting the goals of the Paris climate target. BloombergNEF says in its latest New Energy Outlook […]

July 22, 2021 Read More →

Startup claims progress on iron-air batteries for grid storage

Wall Street Journal ($): A four-year-old startup says it has built an inexpensive battery that can discharge power for days using one of the most common elements on Earth: iron. Form Energy Inc.’s batteries are far too heavy for electric cars. But it says they will be capable of solving one of the most elusive […]

July 22, 2021 Read More →

Over 500 organizations say carbon capture hinders energy transition

Canada’s National Observer: Investment in carbon capture technology will hinder Canada’s transition away from fossil fuels and exacerbate the effects of climate change, says a new letter co-signed by hundreds of organizations. Over 500 environmental groups and other organizations from Canada and the U.S. put the piece together, which ran as a full-page ad in […]

July 21, 2021 Read More →

Japan plans to hike renewable mix to almost 40 percent by 2030

Yomiuri Shimbun: The Japanese government aims to increase the ratio of renewable sources in the energy mix to 36-38 per cent from the current 22-24 per cent in fiscal 2030, and maintain nuclear power at 20-22 per cent, according to a draft of the basic energy plan currently under review. The goal is for energy […]

July 19, 2021 Read More →

Chevron admits failure of $3 billion CCS facility in Western Australia

Renew Economy: The operator of Australia’s only commercial-scale carbon capture and storage project has conceded the project has failed to meet its targets, and is now seeking a deal with Western Australian regulators on how to make up for millions of tonnes of carbon dioxide it failed to store. On Monday, Chevron announced that it […]

July 19, 2021 Read More →

Oil- and coal-rich Colombia passes energy transition law

Argus Media ($): Colombia has enacted an energy transition law to promote investment in hydrogen, renewable energy and sustainable transport. The law, signed by President Ivan Duque yesterday, recognizes green and blue hydrogen as renewable energy eligible for reduced income tax, VAT and tariff exemptions and accelerated depreciation. The new legislation also provides a legal […]

July 13, 2021 Read More →
IEEFA: Japan still seeking to exploit coal power loopholes

IEEFA: Japan still seeking to exploit coal power loopholes

JBIC wants to continue burdening developing nations with its expensive coal-fired power technology

Japan is continuing to push its expensive coal-fired power technology on developing nations if such projects feature carbon capture and storage (CCS) or if a proportion of ammonia or biomass is co-fired with the coal. The Japan Bank for International Cooperation’s (JBIC) announcement comes only a few months after it was reported that the state-owned […]

UK begins study of using wind power, carbon capture at same site

Wind Power Monthly ($): UK government bodies and industry groups are examining the feasibility of co-locating offshore wind and carbon capture usage and storage (CCUS) infrastructure. Seabed landlord the Crown Estate is leading the Offshore Wind and CCUS Co-location Forum to identify the challenges and opportunities associated with using the two technologies alongside one another. […]

July 8, 2021 Read More →