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Guest Contributor: John Robert
Leaving the ‘dirty’ gas in the ground might now be the best course of action
20 October 2021 (IEEFA Australia): Even if it employed carbon capture and storage, Barossa gas will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain, making it one of the more expensive and dirtiest gas projects in the world, finds a new report from the Institute for Energy Economics […]
Trista Rose and Press Release
Climate policy failure will shrink Australia’s GDP by 6% and increase net debt in NSW to 100% by 2060, with taxpayers footing the bill
20 October 2021 (IEEFA Australia): Australia’s failure to commit to net zero targets or any credible climate policy is a growing economic threat to New South Wales and other states, argues a new report by the Institute of Energy Economics and Financial Analysis (IEEFA). The Reserve Bank of Australia’s deputy governor Guy Debelle last week […]
Seth Feaster
U.S. coal sector is locked into a long-term sectoral decline
Coal prices have surged to the highest level in years in the U.S., and have soared in international markets. These high prices should significantly boost revenues and profits at coal mining companies—a remarkable turnaround from just a year ago, when the world’s pandemic-induced economic swoon sent export prices and demand tumbling. Yet by most measures—including […]
IEEFA
PV Tech: European renewables investment management firm Greencoat Capital has confirmed its entry to the US renewables market and is plotting to invest up to US$5 billion over the next five years. Greencoat is amongst Europe’s most prolific renewables investors and manages more than 200 solar, wind and bioenergy generation assets with a combined capacity […]
IEEFA
ReNews.biz: U.S. utility Portland General Electric (PGE) has unveiled plans to source up to 2GW of renewable energy to help meet a target of reducing greenhouse gas (GHG) emissions from power served to customers by at least 80% by 2030, 90% by 2035 and zero by 2040. The company has initiated a request for proposals […]
IEEFA
The New York Times: The Biden administration announced on Wednesday a plan to develop large-scale wind farms along nearly the entire coastline of the United States, the first long-term strategy from the government to produce electricity from offshore turbines. Speaking at a wind power industry conference in Boston, Interior Secretary Deb Haaland said that her […]
IEEFA
The Detroit News: DTE Energy Co. said Wednesday it will stop burning coal in its Belle River Power Plant in St. Clair County’s China Township in 2028, two years earlier than originally planned, in response to a U.S. Environmental Protection Agency policy change. The move, according to the Detroit-based utility company, means it can accelerate […]
Tim Buckley
Regional leadership up for grabs in the energy transition
The global transition to clean energy has ended its initial phase of incremental growth and is on the brink of transformational change. However imperfect may be the outcomes of November’s United Nations COP26 Climate Change Conference in Glasgow, policy, economic and financial forces are now combining to drive the rapid adoption of renewable energy around […]
IEEFA
Bloomberg ($): Russia will seek to become carbon neutral within four decades, President Vladimir Putin said on Wednesday, marking a stunning reversal in his stance on climate change. “We set a specific aim here — no later than 2060,” Putin said in his speech at the Russian Energy Week conference in Moscow. His pledge is […]
Tim Buckley
Global finance is aligning with industry leaders
It appears that Reliance Industries’ Mukesh Ambani and Fortescue Metals Group’s Andrew Forrest have drunk the same cool-aid as the Chair of the biggest asset manager in the world, BlackRock’s founder Larry Fink. The richest man in India set his firm towards a net-zero emissions by 2035 pledge in June 2021 while Australia’s Andrew Forest […]
IEEFA: Despite higher coal prices, U.S. coal recovery looks weak by most measures
U.S. coal sector is locked into a long-term sectoral decline
Coal prices have surged to the highest level in years in the U.S., and have soared in international markets. These high prices should significantly boost revenues and profits at coal mining companies—a remarkable turnaround from just a year ago, when the world’s pandemic-induced economic swoon sent export prices and demand tumbling. Yet by most measures—including […]