IEEFA In the News

India coal-fire projects carry massive stranded asset risk

PV Magazine: India’s proposed and under-construction coal-fired power projects carry a massive stranded asset risk, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).  The report highlights that the financial risk for new coal-fired power projects is under-estimated. It stresses on evaluating the financial viability of these projects based […]

July 7, 2021 Read More →

Saudi petrochemicals rebound from sluggish second quarter in 2020

Arab News:  Saudi petrochemicals, cement and health care companies are expected to be the stand out performers as second-quarter earning season gets underway, according to Al Rajhi Capital. The Riyadh-based financial services company said the positive outlook was “driven by improving macro-economic conditions with a gradual uptick in local spending across most segments, and further […]

July 7, 2021 Read More →

Fossil fuel projects received 80 times more money than renewables from Australia’s export credit agency

The Guardian:  Australia’s export credit agency provided more than $1.5bn in finance to fossil fuel projects between 2009 and 2020, about 80 times the amount it spent on renewables, according to a new report. The research, by Jubilee Australia, examined transactions by Export Finance Australia (EFA) – previously known as the Export Finance and Insurance […]

July 5, 2021 Read More →

Large-scale bitcoin mining operation damages environment in New York

NBS News:  Summer on Seneca Lake, the largest of the Finger Lakes in upstate New York, is usually a time of boating, fishing, swimming and wine tasting. But for many residents of this bucolic region, there’s a new activity this season — protesting a gas-fired power plant that they say is polluting the air and […]

July 5, 2021 Read More →

Kentucky clean energy and climate future depends on good energy policies and investment

Kentucky Herald Leader:  The clean energy future is building momentum right here in Kentucky. During June, Kentucky’s Electric Generation and Transmission siting board approved one of the latest applications in Kentucky to construct a 100-megawatt solar facility in Madison County—one of several large-scale merchant solar projects that are being proposed for the state. And in […]

July 2, 2021 Read More →

Chinese financing and technology boost Vietnam solar projects

EQ International:  A rapid rise in Vietnam’s solar power has been boosted by Chinese finance and technology, but more support is still going to fossil fuels. Dau Tieng Solar Power Project, a photovoltaic power farm with a total capacity of 600 MW, located 100 km from Ho Chi Minh City in the south of Vietnam […]

July 2, 2021 Read More →

Rainbow Energy buys North Dakota coal-fire plant, plans carbon capture project

S&P Global:  In an unusual development for America’s declining coal industry, a 1,151-MW North Dakota coal-fired power plant slated for early retirement in 2022 is being snatched up by a wholesale power marketing and trading company for an undisclosed sum. Rainbow Energy Marketing Corp., a subsidiary of North Dakota-based oil and gas producer United Energy […]

July 1, 2021 Read More →

U.S. liquefied natural gas exports face risks in emerging Asian markets

Bloomberg:  In 2019, as the Trump administration ramped up its trade war with China, it began to target Vietnam, which has a significant trade surplus with the U.S. American officials at the time thought Vietnam could begin righting that by buying U.S. liquefied natural gas and by contracting with U.S. companies to build the power […]

July 1, 2021 Read More →

ESG-focused investors get huge boost to force change in ESG-laggards

ValueWalk:  Engine No. 1 received $100 million from “prestigious investors” to start its ESG-focused exchange-traded fund (ETF) and partnered with digital investment adviser Betterment. The activist stated that investment strategies should start to look at ways to effect change at ESG-laggards and not just divest. “There shouldn’t be a trade-off between positive impact and financial […]

June 30, 2021 Read More →

Battle of the billionaires: India’s richest set sights on renewable energy sector

Quartz:  India’s renewable energy sector is set to become a battleground for the country’s top billionaires. On June 24, when India’s richest man, Mukesh Ambani, announced his clean energy business, many heads turned to the country’s second-wealthiest man Gautam Adani who has had a strong presence in the renewables space for many years. Everyone was […]

June 30, 2021 Read More →