IEEFA In the News

As net-zero targets loom, global push to end coal hastens

Sydney Morning Herald: As Treasurer Josh Frydenberg urged his colleagues on Friday to adopt a net zero 2050 target – despite defiant foot-stamping by his Nationals Coalition partners – the rest of the world spent the week signalling it was preparing to take far faster and more dramatic action: killing the global coal power industry. […]

September 24, 2021 Read More →

Funding from ADB dependent on Southeast Asian governments backing coal plant closures

Reuters/Nasdaq:  Southeast Asian governments must back the Asian Development Bank’s (ADB) plans to expedite the closure of coal plants in the region with strong regulation to win funding for the programme, an energy consultancy said in a report on Friday. The ADB is leading a group of financial firms that plan to create a public-private […]

September 24, 2021 Read More →

EnergyAustralia announces pivot away from coal by 2040, will close Mount Piper Power Station

ABC News: One of the biggest power plants in New South Wales will shut earlier than planned as EnergyAustralia pledges to move away from coal by 2040. The company will close the Mount Piper Power Station, near Lithgow, by 2040. The station, which was due to shut in 2042, provides energy to almost 1.2 million […]

September 23, 2021 Read More →

China’s coal announcement makes waves internationally, but will it cause domestic ripples?

Reuters: President Xi Jinping’s promise to end China’s financing of overseas coal-fired power plants was broadly welcomed by environmentalists, but the move should be seen as a first step rather than a major effort to mitigate climate change. The Chinese leader used an address at the United Nations to state his country, the largest emitter […]

September 23, 2021 Read More →

China makes major coal pledge, few details available

IHS Markit:  China has pledged to stop building overseas coal-fired power plants to help the world transition to a low-carbon future, a move that won praise from energy experts for its climate benefits but leaves question marks over how it will be fulfilled. Less than six weeks away from the COP26 climate summit in Glasgow, […]

September 23, 2021 Read More →

China’s announcement to stop building coal plants overseas deals huge blow to fossil fuels

S&P Global: China’s pledge to stop building coal plants overseas deals another blow to an increasingly challenged sector, but just how much damage it inflicts will depend on several unknowns around implementing the pledge. During a speech at the United Nations General Assembly on Sept. 21, Chinese President Xi Jinping announced that the country would […]

September 23, 2021 Read More →

China pledges end to overseas coal power, plan remains unclear

Forbes: Observers have welcomed Chinese President Xi Jinping’s announcement that the world’s largest nation will stop funding overseas coal power projects, marking a significant milestone in the decline of the most emissions-intensive fossil fuel. In a prerecorded announcement to the United Nations General Assembly in New York, Xi pledged: “China will step up support for […]

September 22, 2021 Read More →

Land for green energy projects could become a challenge for India

Hindu Business Line: Will the focus on renewable energy trigger the next land grab? As India is seized by the urgency to switch from fossil fuel to clean energy, it will in all certainty trigger a race to establish mega green power plants. This in turn would necessitate the need for substantial acreage to locate […]

September 21, 2021 Read More →

Indonesia struggles to balance environmental targets with fondness for coal

Reuters:  Even as Indonesia wins cautious praise from some green groups for ambitious plans to cut carbon emissions, the world’s biggest exporter of thermal coal shows no sign of weaning itself off the polluting fuel any time soon. Indonesia, the eighth-biggest carbon emitter, recently brought forward its goal for net zero emissions from 2070 to […]

September 20, 2021 Read More →

Australia doesn’t need to spend more on fossil fuels exploration, could develop renewables capacity and jobs

PV Tech:  Australian companies plan to spend AU$5.1 billion (US$3.7 billion) on offshore gas exploration over the next six years, which is enough to develop 2.5GW of renewables capacity and generate close to 5,000 jobs, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA). Released today (20 September), the report […]

September 20, 2021 Read More →