Climate Risk

IEEFA Research

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: Santos’ Barossa gas field emissions create major risks for shareholders 

IEEFA: Santos’ Barossa gas field emissions create major risks for shareholders 

With export markets' changing expectations, investors and industry beware

31 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 […]

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: Australia should be a net-zero emissions leader

IEEFA: Australia should be a net-zero emissions leader

Setting a target of net-zero emissions by 2050 would maximise employment, investment and export opportunities

11 December 2020 (IEEFA Australia): Australia must align itself with the global push to go carbon-neutral to maintain strong trade in a net zero emissions world, the Institute for Energy Economics and Financial Analysis (IEEFA) notes in its submission in support of a new climate change bill before the Australian parliament. The bill, introduced by Zali Steggall, […]

IEEFA Philippines: NPC-SPUG shift can drive savings to P13.5 billion per year

IEEFA Philippines: NPC-SPUG shift can drive savings to P13.5 billion per year

Shift from diesel to renewables can save electric coops P1.4-1.7 billion over next decade

3 December 2020 (IEEFA Philippines): The record-breaking disasters in the Philippines this year highlight the potential for renewable energy to power small island and isolated power grids and save the country up to P13.5 billion per year, and electric cooperatives an additional P1.4 to P1.7 billion over the next decade, finds a new report from […]

IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions

IEEFA: Japanese and Korean investment in risky PJM gas-fired power calls for strategic decisions

Investing in gas-fired power plant development faces substantial climate risk

2 December 2020 (IEEFA): Japanese and Korean investors should reassess the growing financial risks to both their new and existing gas-fired power projects in the United States’ Pennsylvania-New Jersey-Maryland (PJM) system, finds a new report by Norman Waite at the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Growing Risks to PJM Network’s […]

IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond

IEEFA South Korea: Why leading ESG investors didn’t buy KEPCO’s green bond

Funding of new overseas coal projects is a red flag for sustainable investors

24 November 2020 (IEEFA South Korea): Korea Electric Power Corporation’s (KEPCO’s) recent green bond failed to attract leading sustainable investors, despite being 10 times oversubscribed, according to new research by the Institute for Energy Economics and Financial Analysis (IEEFA). The South Korean state-owned utility’s June 2020 green bond raised US$500 million from international financial investors. […]

and November 24, 2020 Read More →

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

IEEFA: Philippines coal moratorium highlights dramatic pivot to renewable energy investment for lower prices and power system resilience

IEEFA: Philippines coal moratorium highlights dramatic pivot to renewable energy investment for lower prices and power system resilience

Policymakers and industry leaders ready to embrace new energy technologies

3 November 2020 (IEEFA Philippines): The Department of Energy’s call for a moratorium on greenfield coal power plants marks a clear break with past policies and comes as the Philippines prioritizes the need for more resilient, flexible and lower cost alternatives to fossil fuel baseload power, finds a new report from the Institute for Energy […]

IEEFA update: Australia’s gas-led recovery is flogging a dead horse

With LNG worse for the climate than coal, Australia must adjust to our export markets shrinking

With polluting emissions from LNG 13% higher than gas, and Australia’s primary export destinations targeting net zero emissions and therefore less dirty LNG, Australia’s gas-led recovery is looking increasingly like the Australian government is ‘flogging a dead horse’. Australia’s core export markets for LNG, coal and iron ore – Japan, South Korea and China – […]

November 3, 2020 Read More →

More News and Commentary

IEEFA: Bangladesh needs a renewables focus, not a switch from ‘coal to gas’

IEEFA: Bangladesh needs a renewables focus, not a switch from ‘coal to gas’

Renewables are cheaper and more sustainable than gas imports, and can provide better energy security in developing nations

The emerging markets of Bangladesh and Vietnam are alluring for foreign energy companies looking to make money in the region. But these nations stand to lose both economically and environmentally through a pivot from coal to gas. Such a switch risks hindering investment into renewable energy and derailing climate progress across the continent. In Bangladesh, […]

April 13, 2021 Read More →

Dutch government to invest $401 million in green hydrogen development efforts

Reuters: The Netherlands aims to invest up to 338 million euros ($401 million) in green hydrogen projects as part of its push to meet climate goals, the Dutch government said on Friday. The money, part of a 20 billion euro fund the government announced last year to strengthen the Dutch economy, will finance projects aimed […]

April 12, 2021 Read More →

Czech utility CEZ to close remaining 600MW at coal-fired Detmarovice power plant

S&P Global Platts ($): Dominant Czech electricity producer CEZ a.s. will close all three remaining units of its coal-fired Detmarovice power plant, with a total capacity of 600 MW, by the end of the 2022-2023 heating season at the latest, the company said in a statement on April 6. The three units in the eastern […]

April 8, 2021 Read More →

IEEFA U.S.: Winds shifting at the Federal Energy Regulatory Commission

FERC mulls changes to pipeline approval process, downstream emissions impact

April 7, 2021 (IEEFA) — The Federal Energy Regulatory Commission (FERC) last week gave the public more time to comment on the review of a policy document that guides its decisions on approving new interstate gas facilities, including pipelines. FERC approves projects with Certificates of Public Convenience and Necessity that require the commission to assess […]

, , and

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

IEEFA analysts explain why solar, wind and battery storage are poised to push fossil generation off the grid

April 2, 2021 (IEEFA) ⎼ The Institute for Energy Economics and Financial Analysis will host a webinar on Thursday, April 8, 2021 to present findings from its recently released U.S. Power Sector Outlook 2021. Authors Dennis Wamsted, Seth Feaster, and David Schlissel will show how lower-cost wind and solar, coupled with battery storage, is rapidly […]

Xcel proposes 85% cut in carbon dioxide emissions at its Colorado utility by 2030

S&P Global Market Intelligence ($): Aiming to slash carbon-dioxide emissions 85% by 2030 from 2005 levels, Xcel Energy Inc. on March 31 pitched Colorado energy regulators a sweeping clean energy transition that would accelerate subsidiary Public Service Co. of Colorado’s move away from coal-fired generation by leaning more heavily on new wind, solar and energy […]

April 2, 2021 Read More →

Germany to close 1,514MW of coal-fired generation in second round of phaseout auctions

Reuters: More than 1,500 megawatts (MW) of coal-fired generation will be shut from Dec. 8 this year, Germany’s energy regulator said on Thursday, announcing the results of a second round of auctions designed to cushion the cost of closing polluting plants. Germany has promised to abandon coal by 2038 and achieve a mostly carbon-free energy […]

April 2, 2021 Read More →

Mining firm South32 to pay $250 million to close sale of South African thermal coal assets

Reuters: South32 Ltd will provide up to $250 million in funds to smooth the sale of its South African energy coal business to mining group Seriti Resources, the company said on Thursday. South32 will pay $200 million across a decade to partly fund costs of the environmental clean up of the mines of its South […]

April 1, 2021 Read More →

Apple to link big battery storage unit with existing solar farm to power its California operations

Reuters: Apple Inc said Wednesday that it will build a battery-based renewable energy storage facility in Central California near a solar energy installation that already provides energy for all of its facilities in the state. Apple said the project will store 240 megawatt-hours of energy, or enough to power more than 7,000 homes for one […]

April 1, 2021 Read More →
IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years
, , and

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 […]