Energy Markets

IEEFA Research

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

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 […]

IEEFA: Australia’s climate policies could push New South Wales into a debt spiral

IEEFA: Australia’s climate policies could push New South Wales into a debt spiral

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 […]

and October 20, 2021 Read More →
IEEFA: Defying global financial trends, Vietnam pivots back to coal power

IEEFA: Defying global financial trends, Vietnam pivots back to coal power

Latest draft power development plan puts clean energy transition at risk by sacrificing renewables for more coal

29 September (IEEFA Vietnam): In the lead up to the United Nations Climate Change Conference COP26, President Xi Jinping recently declared that China will no longer build new coal-fired power projects abroad. Despite limited details, the ramifications of China’s coal exit strategy for coal-centric developing economies like Vietnam could be immense. Before President Xi’s announcement, […]

and September 29, 2021 Read More →
IEEFA India: Why prices skyrocketed at the power exchange

IEEFA India: Why prices skyrocketed at the power exchange

Renewables can help stabilise the grid and level costs amid the vagaries of coal stocks

29 September (IEEFA India): With electricity demand in India recently peaking, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) explores the supply and demand conditions that led to recent price spikes in the evening peak hours, starting in August through to September 2021. Electricity demand in India has peaked and […]

and September 29, 2021 Read More →
IEEFA: High stakes for Asian Development Bank’s ambitious coal power retirement plan

IEEFA: High stakes for Asian Development Bank’s ambitious coal power retirement plan

Implementation challenges could block funding for other equally important high impact clean energy funding strategies

24 September 2021 (IEEFA Asia): In the lead up to the United Nations Climate Change Conference COP26, the Asian Development Bank (ADB) announced a plan to speed up the retirement of high emissions coal-fired power plants in Southeast Asia. This announcement sets the stage for a transformation of the Asian multilateral development bank’s (MDB) role […]

IEEFA: U.S. push for LNG in the Philippines paints unrealistic picture of global prices and market viability

IEEFA: U.S. push for LNG in the Philippines paints unrealistic picture of global prices and market viability

Overly optimistic claims about financial, economic and environmental benefits of LNG

Sept. 23, 2021 (IEEFA) – A recent white paper sponsored by the U.S. Agency for International Development (USAID) promotes the benefits of liquefied natural gas in the Philippines. The report, however, is based on questionable assumptions about global LNG prices, long-term demand and market viability of U.S. exports to price-sensitive countries in Asia, according to […]

and September 23, 2021 Read More →
IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk

IEEFA: Accepting gas power plants as sustainable investments in Asian taxonomies heightens greenwash risk

Accommodating the gas sector risks diluting standards and discouraging new pools of green capital

21 September 2021 (IEEFA Asia): Incorporating gas-powered generation as a sustainable investment into Asian taxonomies could have unintended consequences, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Doing so could lock Asia into a high-emitting future while also posing a credibility and greenwashing problem that Asian policymakers and ESG […]

and September 21, 2021 Read More →
IEEFA Australia: There’s a better way to manage coal closures than paying to delay them

IEEFA Australia: There’s a better way to manage coal closures than paying to delay them

Energy Ministers and the energy industry should reject the ESB capacity mechanism proposal

21 September 2021 (IEEFA Australia): The Energy Security Board’s (ESB) proposal for consumers to pay conventional generators such as coal and gas an extra fee for their capacity, not just the actual power they produce, should be rejected by Energy Ministers at a forthcoming meeting this Friday argues a new report prepared by energy market […]

IEEFA: $5.1 billion spend on offshore gas exploration until 2027 could have fostered 2.5GW of renewable capacity and 4,800 jobs

IEEFA: $5.1 billion spend on offshore gas exploration until 2027 could have fostered 2.5GW of renewable capacity and 4,800 jobs

The government is increasing issuance of gas exploration permits in the offshore sector ignoring risks imposed by global decarbonisation

20 September 2021 (IEEFA Australia): Increasing issuance of exploration permits over production, the Australian government has given the green light to oil and gas giants including Santos and Woodside to potentially spend $AUD5.1 billion throughout the next six years on risky offshore exploration activities despite industry-low success rates and the global energy transition, finds a […]

More News and Commentary

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

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 […]

IEEFA: Australia’s climate policies could push New South Wales into a debt spiral
and

IEEFA: Australia’s climate policies could push New South Wales into a debt spiral

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 […]

and October 20, 2021 Read More →
IEEFA: Despite higher coal prices, U.S. coal recovery looks weak by most measures

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 […]

October 15, 2021 Read More →

Europe’s Greencoat Capital to invest $5 billion in coming five years in U.S. renewables market

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 […]

October 15, 2021 Read More →

Oregon utility PGE looking to add 2GW of renewable energy

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 […]

October 15, 2021 Read More →

Biden Administration expands leasing plans for offshore wind farms

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 […]

October 14, 2021 Read More →

Michigan utility DTE moves up closure of Belle River coal plant to 2028

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 […]

October 14, 2021 Read More →

IEEFA Update: To be taken seriously, Australia needs a credible emissions reduction plan

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 […]

October 13, 2021 Read More →

Putin reverses stance to pledge net zero by 2060 for Russia

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 […]

October 13, 2021 Read More →

IEEFA Update: India and Australia’s richest race to net zero by 2030

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 […]

October 12, 2021 Read More →