IEEFA In the News

Orsted’s transition results in shareholder wealth, but can it be replicated?

The Hindu Business Line: The transition of Orsted, the once Danish state-owned utility, from being one of the most coal-intensive utilities in Europe to a global leader in offshore wind energy provides interesting insights and learning for Indian utilities. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) charts Orsted’s energy […]

September 17, 2021 Read More →

Australia buoys coal, approves new project despite climate change warnings Australia on Thursday approved a controversial coal mine extension, doubling down on a commitment to continue extracting fossil fuels despite growing pressure to cut carbon emissions. Environment Minister Sussan Ley green-lighted Whitehaven Coal’s Vickery mine extension near Sydney, just a week after the pro-coal conservative government said global demand was rising and vowed to […]

September 16, 2021 Read More →

LNG prices at near-record levels before winter’s peak demand

Australian Financial Review: Lofty international gas prices are hitting Britain and other European states hard but are providing a boost to Australia’s LNG producers, which look set to benefit from unexpectedly buoyant prices for the next six months. Spot prices for liquefied natural gas in Asia are trading at near-record levels for this time of […]

September 16, 2021 Read More →

Excess of gas infrastructure brings financial benefits to Enagas

Climática:  Perhaps the name Empresa Nacional de Gas does not sound familiar to a majority. Neither does the acronym by which it is known: Enagás . Despite playing a key role for the Spanish energy system, this state-owned company –privatized in the 1990s– is unknown to a large part of the Spanish citizenry. However, it […]

September 15, 2021 Read More →

Reliance and BP broaden India’s energy footprint, enter EV charging segment

S&P Global Platts: Reliance Industries and BP have taken their partnership one step further by eying a bigger footprint in India’s electric vehicles charging segment, expanding the scope of their marriage that also aims to expand retail fuels presence and boost upstream gas production. The recent move by Reliance and BP to partner with BluSmart, […]

September 14, 2021 Read More →

India slowly shifts away from coal, states making more progress than at national level

Business Standard: India alone is home to 7 per cent (21GW) of the global coal project pipeline, which is 56 per cent of South Asia’s total, a study showed on Tuesday, with the country moving slowly away from coal at a national level, however considerable progress is being made at the state level. Four countries […]

September 14, 2021 Read More →

Could more ambitious emissions cuts be coming from India? John Kerry remains hopeful ahead of COP26

Washington Post: U.S. climate envoy John F. Kerry said Monday that he remains hopeful that key world leaders, including India’s prime minister, will announce more-ambitious emissions reduction targets in the six weeks ahead of a crucial UN climate summit in Scotland, as he and Indian officials unveiled a new renewable-energy financing scheme meant to assuage […]

September 13, 2021 Read More →

Energy industry changes visible in Tri-State’s clash with member electric co-ops

Denver Post: An electric cooperative wrangling with Tri-State Generation and Transmission Association over local control and getting off coal has issued a public pronouncement that it and fellow cooperatives still need the power supplier. Just not in the current form. Brighton-based United Power, which serves about 300,000 people along Colorado’s bustling Front Range, is Tri-State’s […]

September 11, 2021 Read More →

Increased reliance on natural gas creates supply crunch, soaring prices

The Fuse:  Natural gas prices are soaring around the world in what has become something of a global supply crunch. Prices in the U.S. recently hit a 7-year high, natural gas prices in Europe are soaring, and LNG prices in Asia have hit a record high. Higher natural gas prices are forcing up the cost […]

September 10, 2021 Read More →

India’s net-zero goals raise land use questions

The Print: A recurrent issue raised in discussions of renewable energy is land use – the amount of land occupied by solar and wind generation facilities, where these are located, and the extent to which using such land for power generation conflicts with alternatives such as human habitation, farming, or the conservation of natural resources. […]

September 10, 2021 Read More →