Global Coal Markets

IEEFA Research

IEEFA Pakistan: Coal gasification and liquefaction harmful to economy

IEEFA Pakistan: Coal gasification and liquefaction harmful to economy

There is no second life for coal

6 May 2021 (IEEFA Pakistan): Pakistan’s intention to use coal for power production through gasification and liquefaction technologies is likely to cause harmful economic impacts and a subsequent increased reliance on fossil fuels in Pakistan, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Pakistan’s intention to explore a second […]

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

IEEFA Australia: Port of Newcastle’s roadblock on the path away from thermal coal

Planned fossil fuel exit by the world’s largest coal port is paralysed by lending constraints and a secret NSW government deal

The Port of Newcastle’s planned exit from fossil fuels suffered further setback last month after ANZ withdrew financing from the terminal, presently the world’s largest port for exporting thermal coal. ANZ had previously been a major lender to the port, however divested its position during the latest round of refinancing of approximately A$900 million in […]

March 18, 2021 Read More →
IEEFA: Bangladesh’s power system overcapacity problem is getting worse  

IEEFA: Bangladesh’s power system overcapacity problem is getting worse  

Overcapacity, along with increased reliance on expensive coal and LNG imports, threaten to increase the cost of power generation

20 January 2021 (IEEFA Bangladesh): Overcapacity in Bangladesh’s power system has worsened and threatens to deteriorate further according to a new briefing note released by the Institute for Energy Economics and Financial Analysis (IEEFA) today. Data from the Bangladesh Power Development Board’s (BPDB) latest annual report shows that overall power capacity utilisation in fiscal year […]

IEEFA Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility

IEEFA Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility

A detailed sustainability roadmap going forward will assist PLN’s credibility with ESG investors

22 December 2020 (IEEFA Indonesia): PLN must be prepared for a much higher level of scrutiny around its continuing coal investments and lack of progress in renewable energy investment projects when the company launches its debut green and/or sustainable bonds, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). […]

and December 22, 2020 Read More →
IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion

IEEFA: AIA too important to lag global insurers in coal investment, divestment, and exclusion

AIA must back their climate pledges

21 December 2020 (IEEFA Asia): Major insurer AIA still holds anywhere between US $4 – 6 billion in coal and coal-fired power assets that if stranded will massively reduce wealth for investors and despite pledging its commitment to three significant global climate accords according to a new report by the Institute for Energy Economics and […]

and December 21, 2020 Read More →

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

IEEFA update: Peabody Energy flirts with bankruptcy—again

IEEFA update: Peabody Energy flirts with bankruptcy—again

Bear market for coal, new financial pressures push world’s largest coal company towards default

Just three-and-a-half years after emerging from its previous bankruptcy, Peabody Energy—the world’s largest private coal miner—admitted to investors on Monday that it could face yet another trip to bankruptcy court in the coming months. Coal bankruptcies in the United States have become increasingly common. Cheap gas and renewable power have steadily replaced coal in the […]

IEEFA Indonesia: DME coal gasification project could lose US$377 million annually

IEEFA Indonesia: DME coal gasification project could lose US$377 million annually

Investing in DME doesn’t make economic sense

10 November 2020 (IEEFA Indonesia): A proposed coal gasification plant for Sumatra could lose US$377 million dollars annually, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author and energy finance Analyst Ghee Peh says that with the COVID-induced economic contraction, this is not the time to be subsidizing a […]

and November 10, 2020 Read More →
IEEFA: Philippines coal moratorium highlights dramatic pivot to renewable energy investment for lower prices and power system resilience

IEEFA: Philippines coal moratorium highlights dramatic pivot to renewable energy investment for lower prices and power system resilience

Policymakers and industry leaders ready to embrace new energy technologies

3 November 2020 (IEEFA Philippines): The Department of Energy’s call for a moratorium on greenfield coal power plants marks a clear break with past policies and comes as the Philippines prioritizes the need for more resilient, flexible and lower cost alternatives to fossil fuel baseload power, finds a new report from the Institute for Energy […]

IEEFA report: Foreign investors face tough times closing Vietnam’s remaining coal power deals

IEEFA report: Foreign investors face tough times closing Vietnam’s remaining coal power deals

Project bankability at risk as new regulations threaten usual contractual terms

3 November 2020 (IEEFA Vietnam): Foreign investors will face higher-than-usual risks in concluding coal power projects in Vietnam, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). Author Thu Vu, Energy Analyst with IEEFA, says new regulatory and market challenges will likely prove too onerous for foreign investors in four […]

and November 3, 2020 Read More →

More News and Commentary

Australia Energy Security Board chairman says Hunter Valley ‘doesn’t stack up’

The Guardian: The chair of Australia’s Energy Security Board says a taxpayer-funded gas-fired power plant in the Hunter Valley makes little commercial sense given the abundance of cheaper alternatives flooding the market. The Morrison government is continuing to hold out the prospect of Snowy Hydro building a new plant at Kurri Kurri to replace the […]

April 30, 2021 Read More →

Chile accelerates deadline to shut down coal-fired power plants

S&P Global Platts ($): Chile plans to close half of its coal-fired power plants by 2025, 15 years ahead of a deadline to eliminate the fossil fuel from its power mix, Energy Minister Juan Carlo Jobet said April 28. “We are continuing to consolidate the age of clean energy and leaving behind the coal age,” […]

April 29, 2021 Read More →

TVA announces plans to end coal-fired generation by 2035

Chattanooga Times Free Press: The Tennessee Valley Authority, which once got nearly two thirds of its power by burning coal, is preparing plans to phase out the last of its aging fleet of coal power plants within the next decade and a half and turn to more natural gas, nuclear and renewable energy sources like […]

April 29, 2021 Read More →

Despite obstacles, renewables gain foothold in Fukushima prefecture

Inside Climate News: A fist in the air. Fukushima prefecture can be forgiven for using that symbol of protest after the nuclear disaster a decade ago. In the case of renewable energy firm Aizu Electric Power, however, its fingers are rainbow-colored. Started in 2013 by Yauemon Sato, the head of an over 200-year-old, family-run sake […]

April 29, 2021 Read More →

Renewables, demand, prices send Australia gas-fired output reeling

Reuters ($): South Australia has set a stunning new benchmark in the electricity market, with its big share of rooftop solar sending the average daytime wholesale price of electricity to below zero in the first quarter. According to the Energy Market Operator, the average price of wholesale power in South Australia between 10am and 3.30pm […]

April 29, 2021 Read More →

IEEFA: Whitehaven’s Vickery coal folly

Company’s shareholder wealth destruction is extreme and ongoing

Whitehaven Coal has long set its strategic direction on the implicit assumption that the world would fail to deliver on the Paris Agreement. Its investor communications and Board strategies have largely ignored and more recently downplayed this key financial and strategic risk. The financial market however is not so blind. The shares of Whitehaven Coal […]

April 28, 2021 Read More →

Subic coal consortium withdraws from 660-megawatt coal project

Manila Standard: The consortium behind Redondo Peninsula Energy Inc. pulled out of the planned 660-megawatt coal-fired facility in Zambales province. RP Energy is a joint venture among Meralco PowerGen Corp., a unit of Manila Electric Co., Therma Power Inc. of the Aboitiz Group and Taiwan Cogeneration International Corp. Aboitiz Power Corp. president Emmanuel Rubio said […]

April 28, 2021 Read More →

Joint venture cancels last coal project in Japan, citing regulation and finance issues

Bloomberg ($): A joint venture in Japan has scrapped plans for a coal-fired power plant, leaving the country with no new construction on the horizon as companies drop the dirty fuel amid tighter emissions rules and strong growth outlook for renewables. Kansai Electric Power Co. and Marubeni Corp. won’t move forward with a 1.3 gigawatt […]

April 28, 2021 Read More →

China net-zero pledge renews interest in cap-and-trade market

Bloomberg ($): Qian Guoqiang thought his luck must finally be changing. China’s surprise declaration last year that it would zero out planet-warming carbon dioxide came on the 22nd day of the ninth month. Qian’s office is in No. 922, located on the ninth floor of a skyscraper in Beijing’s Dongcheng district. At long last, he […]

April 26, 2021 Read More →

Australia energy transition being driven more by private sector than public plans

ABC News: It’s no easy task, attempting to make a virtue out of inaction. So spare a thought for Prime Minister Scott Morrison in his address to US President Joe Biden’s virtual climate conference with global leaders late last week. Despite being at odds with the bulk of those present, many of whom upped already […]

April 26, 2021 Read More →