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

Shell signs deal with UK solar developers for 800 megawatts

ReNews.biz: Shell has signed deals with two UK solar developers to support development of utility-scale solar projects exceeding 800MW. Shell has signed a framework agreement with the renewable energy developer Island Green Power to develop solar projects with co-located battery storage potential, with an initial collaboration on over 700MW total generating capacity. Shell has also […]

October 5, 2021 Read More →
IEEFA U.S.: Surging generation from solar, wind on track to push renewable market share to 30 percent by 2026
and

IEEFA U.S.: Surging generation from solar, wind on track to push renewable market share to 30 percent by 2026

Constant growth in renewable generation will push out costly coal and gas power

Data for the first eight months of this year show that wind generation has risen more than 25 percent since 2019 (pushing its market share to almost 9 percent) while utility-scale solar generation has jumped 55 percent (pushing its market share to nearly 3 percent). Combined, wind and utility-scale solar generation has gone up by […]

IEEFA: Will CEO Jane Fraser clean up Citi’s climate record?

As a former Citi executive, I know the bank could change course and lead again

In September 2007, with a mortgage crisis clearly on the horizon, Citigroup’s CEO Charles Prince III gathered with his top executives to understand whether the bank—then the nation’s largest—faced any risk. The consensus was no. How wrong they were. In a year’s time, Lehman Brothers crashed, triggering a global financial collapse. Citigroup lost 90% of […]

October 4, 2021 Read More →

Global energy storage to add 30 gigawatts annually by 2030

ReNews.biz: The global energy storage market will add over 30GW a year by 2030, up 250% on 2021 levels, according to a report from the Clean Energy Technology service at IHS Markit. IHS Markit said it forecasts that energy storage will experience rapid growth in 2021, with installations reaching over 12GW, an increase of over […]

October 4, 2021 Read More →

South Australia solar hits new record of 106 percent of state demand

Renew Economy: The combination of rooftop and large scale solar met all of South Australia’s demand, and more, during multiple trading intervals on Saturday, highlighting once again the rapid progress of renewables in Australia’s main grid. South Australia is already a world-leader with an average of more than 62 per cent wind and solar in […]

October 4, 2021 Read More →

Queensland records more write-downs for coal-fired power plants

Renew Economy: The Queensland government’s two state-owned power generation businesses have recorded further write-downs, as plant failures and a continued surge in renewables investments further erode the profitability of the state’s coal plants. The annual reports for Stanwell and CS Energy, tabled in the Queensland parliament this week, show mixed results for the two publicly […]

October 1, 2021 Read More →

PJM renewables boosted after FERC tie scraps price floor restriction

E&E News ($): A proposed rule that will help zero-emissions energy sources compete in the nation’s biggest power market took effect yesterday by default after a deadlocked Federal Energy Regulatory Commission failed to act within the time required by law. PJM Interconnection LLC, the operator of the bulk power grid across 13 states in the […]

September 30, 2021 Read More →
IEEFA: Defying global financial trends, Vietnam pivots back to coal power
and

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
and

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: As fossil fuel prices skyrocket globally, renewables grow steadily cheaper

IEEFA: As fossil fuel prices skyrocket globally, renewables grow steadily cheaper

Stability of renewables an antidote to the volatility of gas and coal

While volatile energy commodity prices have been sharply increasing globally, renewable technologies have been steadily decreasing.  Over the last decade, the cost of electricity from utility-scale solar PV has fallen by 85 percent, concentrating solar power (CSP) by 68 percent, onshore wind by 56 percent and 48 percent for offshore wind, according to the International […]