Energy Markets

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 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 Europa: Dalsze uzależnienie od węgla będzie kosztować polskich podatników 141 mld euro

IEEFA Europa: Dalsze uzależnienie od węgla będzie kosztować polskich podatników 141 mld euro

Odejście od węgla do 2030 r. daje Polsce szansę na podwojenie produkcji czystej energii

10 stycznia 2022 (IEEFA Europa) – Przywiązanie Polski do węgla słono kosztuje polskich podatników, jednak w rządzie wciąż nie widać woli, aby przestawić kraj na czyste źródła energii, czytamy w raporcie opublikowanym przez Instytut Ekonomii Energii i Analiz Finansowych (IEEFA). – Jeżeli Polska pożegna się z węglem do 2030 r., oszczędności z tego tytułu umożliwią […]

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 →
IEEFA U.S.: Gas-fired power plant cancellations and delays signal investor anxiety, changing economics

IEEFA U.S.: Gas-fired power plant cancellations and delays signal investor anxiety, changing economics

Financial concerns are likely to affect other PJM gas projects still in the planning phase

November 18, 2021 (IEEFA) – A recent decision to cancel the 1,000-megawatt Beech Hollow combined gas plant in Pennsylvania is the latest warning for investors considering funding new gas-fired power plants in the PJM Interconnection (PJM) region. According to a briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA), the reason is […]

IEEFA: Indonesia’s excess coal power capacity and PLN’s debt burden are blocking their decarbonization pathway

IEEFA: Indonesia’s excess coal power capacity and PLN’s debt burden are blocking their decarbonization pathway

Financial giants Japan and China can play a critical role in Indonesia’s green energy transition

18 November (IEEFA Indonesia): Japanese and Chinese investors combined have a 41% ownership interest in Indonesia’s coal independent power producer projects. According to the latest report from the Institute for Energy Economics and Financial Analysis (IEEFA), financial giants Japan and China are responsible for Indonesia’s excessive coal power expansion over the past 15 years, but […]

More News and Commentary

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

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: ExxonMobil management fails to manage environment, climate issues

IEEFA: ExxonMobil management fails to manage environment, climate issues

Guyana lawsuit marks latest demonstration of ExxonMobil management failures

When ExxonMobil (XOM) came to Guyana to drill oil, it brought with it a series of promises—new cash for the country, well-managed operations, good environmental stewardship and an era of good corporate citizenship.  Residents of Guyana this past week filed a lawsuit challenging ExxonMobil’s continued practice of flaring gas. This is the fourth lawsuit filed […]

January 26, 2022 Read More →

IEEFA Update: Financing the future of green hydrogen

Investors are punting and risk capital is moving

The next energy market disruptor, green hydrogen is moving at lightspeed and global investment, with strong policy support and replication of the solar learning curve, is adding to the momentum. In this ongoing global energy system transformation, the outcome is as inevitable as it is overdue. A number of factors are accelerating the shift from […]

January 26, 2022 Read More →
IEEFA U.S.: Puerto Rico Legislature should reduce electric authority debt
and

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 […]

Biden White House faces major test with Arctic drilling project

Inside Climate News: The Biden administration is facing a major test for its climate agenda in the Alaskan Arctic, where an oil company is proposing a 30-year development that would pump more than half-a-billion barrels of petroleum from a fragile and rapidly-warming ecosystem. Climate advocates say the Willow project, planned by ConocoPhillips, is incompatible with […]

January 25, 2022 Read More →
and

IEEFA U.S.: Dallas Federal Reserve Bank finds inflation hitting oil and gas producers

Latest survey data point to rising costs for industry in the oil patch

Four times a year, the Dallas Federal Reserve Bank polls oil and gas executives in New Mexico, Louisiana, and Texas to gauge trends in the region’s energy sector. The lessons from its December 2021 Energy Survey are clear: Although oil and gas production is poised to grow this year, the industry faces mounting inflation challenges.  […]

IEEFA: Is there scope for faster decarbonisation of Australian steel?
and

IEEFA: Is there scope for faster decarbonisation of Australian steel?

Globally, more scrap steel recycling looks certain starting this decade

There is increasing investor pressure on steel manufacturers to reduce their carbon emissions in tandem with global commitments under the steel breakthrough agenda at COP26, a commitment to have near-zero steel technology established in every region by 2030, to which Australia is a signatory. Given suitable qualities and quantities of scrap, electric arc furnaces (EAFs) […]

IEEFA India: What’s in store for renewable energy this budget?

Government will likely put in place strategies to reduce reliance on expensive fossil fuel imports

There is much to look forward to in India’s 2022-23 Budget. The Government of India has already set a target to achieve 500 gigawatts (GW) and a 50% share of energy from non-fossil fuels by 2030, backed up with a net-zero emissions by 2070 pledge delivered at COP26. As the Government would know, in order […]

January 24, 2022 Read More →

European Union warned sustainability plan risks worsening situation

Bloomberg ($): The European Commission has been told by a key expert group that planned adjustments to its green rulebook risk raising greenhouse gas emissions and undermining the bloc’s reputation as a bastion for environmentally friendly finance. The Platform on Sustainable Finance, which is one of just two groups assigned the role of providing official […]

January 24, 2022 Read More →

Pennsylvania coal-fired plant slated for March shutdown, demolition

Pittsburgh Post-Gazette: Cheswick Generating Station, the last coal-fired power plant in Allegheny County, is being sold to a Kentucky-based firm for demolition, remediation and redevelopment when it shuts down at the end of March. Charah Solutions Inc., which specializes in environmental remediation, is purchasing the power plant in Springdale and its related ash landfill and […]

January 21, 2022 Read More →