Global Coal Markets

IEEFA Research

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 →
IEEFA: Renewables’ strong performance and falling costs can help Kosovo break from a coal-powered past

IEEFA: Renewables’ strong performance and falling costs can help Kosovo break from a coal-powered past

Economics, EU membership ambitions point to renewables as best path for country’s future electricity needs

October 29, 2020 (IEEFA) — Strong performance by Kosovo’s first large-scale wind and solar farms show the coal-dominated, Western Balkan country can exploit falling renewables costs and green lending appetite to align better with a low-carbon European transition and reduce losses from stranded fossil fuel assets. According to a new report by the Institute for […]

Performanca e fortë e burimeve të ripërtëritshme dhe rënia e kostove mund të ndihmojnë Kosovën të shkëputet nga e kaluara e furnizuar me qymyr

Performanca e fortë e burimeve të ripërtëritshme dhe rënia e kostove mund të ndihmojnë Kosovën të shkëputet nga e kaluara e furnizuar me qymyr

Ekonomia, ambiciet për anëtarësim në BE drejtojnë nga burimet e ripërtëritshme si rruga më e mirë për nevojat e ardhshme të energjisë për vendin.

29 tetor 2020 (IEEFA) – Performanca e mirë nga fermat e para të erës dhe diellit në shkallë të gjerë në Kosovë tregon se vendi i Ballkanit Perëndimor i dominuar nga qymyri mund të shfrytëzojë rënien e kostove të ripërtëritshme dhe gatshmërinë për kredi të gjelbëra për tu lidhur më mirë me një tranzicion evropian […]

More News and Commentary

Australian investment firm IFM rules out any new thermal coal projects

The Sydney Morning Herald: One of the country’s largest infrastructure investors has ruled out investing in any new thermal coal assets, after announcing a $C2.8 billion ($2.9 billion) acquisition of an energy-efficient heating operation in Canada. IFM Investors, which manages $148 billion for Australian superannuation funds, announced plans on Wednesday to acquire a 50 per […]

February 4, 2021 Read More →
IEEFA Update: Why Bangladesh shouldn’t count on a fossil fuel future

IEEFA Update: Why Bangladesh shouldn’t count on a fossil fuel future

Around US$50 billion of LNG projects in Asia at risk of cancellation

Two astonishing figures have circulated in the Asian energy sector in the past month: LNG prices have increased by 1000% since record lows of April 2020, and Vietnam has increased its rooftop solar by 9,000 megawatts (MW) within 12 months. The two figures represent two different potential futures that Bangladesh could choose: the former points […]

February 3, 2021 Read More →

New Polish energy plan to cut coal generation, boost renewables

S&P Global Market Intelligence ($): The Polish government approved Feb. 2 an energy policy to 2040 that targets a reduction in coal’s share of the power generation mix from 72% in 2020 to 56% in 2030 through the introduction of offshore wind and the further development of onshore wind and solar. The government approved the […]

February 3, 2021 Read More →

South African miner Exxaro will not invest in new thermal coal projects

Reuters: South African coal company Exxaro Resources will not invest in new thermal coal assets, Chief Executive Mxolisi Mgojo said on Tuesday. Exxaro, which exports coal as well as supplying it for domestic power generation, said the company would continue to supply thermal coal to state-owned power utility Eskom’s Medupi and Matimba power stations through […]

February 3, 2021 Read More →
IEEFA: High credit ratings of China’s state-owned enterprise underplays risk

IEEFA: High credit ratings of China’s state-owned enterprise underplays risk

Energy giant CHG's coal power business faces numerous challenges

China Huaneng Group Co. Ltd (CHG) is one of the biggest coal power businesses in the world with over 100 gigawatts (GW) of coal-fired power capacity. Like many of its Chinese peers, CHG is also cash hungry. The company has been actively raising new debt including a USD 500 million perpetual bond in December 2020 […]

February 1, 2021 Read More →

NRG to mothball gas plant that powered Petra Nova carbon capture project

Reuters: NRG Energy Inc will shut down indefinitely the power source for what had been the only U.S. project capturing carbon from a coal-fired generator until it was idled last year, a spokesman said on Friday. The company notified the Texas grid operator, ERCOT, on Wednesday that the Petra Nova gas plant would be mothballed […]

February 1, 2021 Read More →

U.S. will move to end financing for overseas fossil fuel projects—Kerry

Thomson Reuters Foundation: The United States will produce a plan to end international financing for fossil fuel projects, its special climate envoy John Kerry said Wednesday, as senior British and U.N. officials urged donor nations to meet a flagship climate finance promise. Speaking at an online panel organised by the World Economic Forum, Kerry said […]

January 28, 2021 Read More →

Renewable electricity topped fossil generation in EU for first time in 2020

Bloomberg: Renewables are for the first time the dominant power source in Europe’s electric grid. In a year that saw pandemic restrictions sap energy demand across the continent, the drop in supply came mostly from more expensive power from fossil fuels. That helped green sources take the biggest share of the European Union’s generation, a […]

January 25, 2021 Read More →

Vattenfall to turn closed Moorburg coal plant into a green hydrogen hub

Bloomberg: Vattenfall AB plans to turn the site of its recently shuttered Moorburg coal power plant in northern Germany into a hub for turning wind and solar power into hydrogen. The Swedish state-owned utility is riding the growing enthusiasm for hydrogen, with many countries seeing the clean fuel as key to a low-carbon economy. Governments […]

January 22, 2021 Read More →

Chinese utility Huaneng charts course for major renewable energy construction effort

Argus Media: China’s biggest coastal power generator, state-controlled utility Huaneng, has laid out plans to add over 80GW of clean energy-based power capacity in the coming years, potentially curbing its demand for coal. Huaneng plans to develop more than 80GW of additional clean energy power capacity by the end of 2025, taking clean energy to […]

January 21, 2021 Read More →