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Tim Buckley
India risks Rs4 trillion new investment in yet more stranded fossil fuel assets
Federal Home Minister Amit Shah’s suggestion that India should invest 4 trillion rupees (US$55billion) in expanding new and existing coal mines, as well as high-risk, speculative, domestic ‘clean coal’ projects over the next decade to create a hoped for ‘second life’ is, in our view, entirely inconsistent with the country’s policy direction and ignores the […]
Johanna Bowyer
ESB reform direction updated to incorporate stakeholder feedback and state government renewables investment schemes
The national electricity market (NEM) is in a state of flux. According to the Australian government’s Energy Security Board (ESB), over 60% of existing thermal generating resources (mainly coal) in the NEM are likely to exit over the next two decades as Australia transitions towards renewable generation (mainly wind and solar) and storage. This transition […]
Tim Buckley
Technology disruption the likely theme of global energy markets in 2021
There has been a growing tsunami of climate commitment announcements combined with fossil fuel exclusion policies by globally significant financial institutions during December 2020, building on the pledges two months earlier by the leaders of China, Japan and South Korea committing to net zero emissions targets. On top of that, three leading corporate announcements show […]
Press Release, Suzanne Mattei and Tom Sanzillo
Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers
December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]
Press Release, Karl Cates and Seth Feaster
Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces
December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]
Press Release and Sara Jane Ahmed
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 […]
Press Release and David Schlissel
Conversion of coal plants to gas called into question; more focus on renewables and energy efficiency needed
December 2, 2020 (IEEFA) — The Orlando Utilities Commission (OUC) has drafted an integrated resource plan (IRP) that is short on public accountability and technical details but long on fossil fuel dependence, according to IEEFA’s director of resource planning analysis. The commission barely gave the public one week to read the document before a public […]
Press Release and Clark Butler
A great time to invest to revitalise Australian heavy industry and grow jobs
11 June 2020 (IEEFA Australia): Australia’s industrial economy is at a crossroads: invest to improve international competitiveness or decline along with fossil fuels. That is the message in a new report from the Institute for Energy Economics and Financial Analysis (IEEFA) that argues Australia has the potential to become a much more significant economic power […]
Sara Jane Ahmed
The Philippines’ Congress and conglomerates confirm backing a shift to Renewable Energy
COVID-19 has exposed the fragility and inequities of the old economy. On June 5, the Philippines’ Congress Committee on Climate Change approved House Resolution 761 calling for a climate emergency response, which includes not permitting any new coal plants. Such a measure would support of the Department of Energy’s earlier caution against an overreliance on […]
IEEFA
Utility Dive: Con Edison announced a $1.5 billion energy efficiency initiative during its Monday annual meeting, including customer incentives for ground and air-source heat pumps. The new investment would constitute a tripling of the New York-based utility’s investment in its energy efficiency programs by 2025. Con Edison Chairman and CEO John McAvoy told shareholders the […]
IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs
Commission’s 21-year-old pipeline policy puts contracts ahead of utility customersDecember 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]