IEEFA In the News

China’s coal-fired power plant plans appear to contradict emissions cuts

Time:  China is planning to build 43 new coal-fired power plants and 18 new blast furnaces — equivalent to adding about 1.5% to its current annual emissions — according to a new report. The new projects were announced in the first half of this year despite the world’s largest polluter pledging to bring its emissions […]

August 20, 2021 Read More →

Chile hopes to become global hydrogen leader

S&P Global:  As a net importer of fuels, Chile has not been a significant player in global energy markets. But the sun-drenched, wind-rich South American country aims to become a titan in the burgeoning green hydrogen economy, setting a goal to become one of the world’s top three exporters by 2040. The hydrogen economy is […]

August 20, 2021 Read More →

India’s renewable energy investments back on track after pandemic slump

The Economic Times:  After a tepid FY21 for investments in the Indian renewable energy sector, the first quarter of FY22 is back on track with funding of $6.6 billion, the Institute for Energy Economics and Financial Analysis (IEEFA) said. Between April and July, the investment in the sector has already surpassed $6.4 billion. The ongoing […]

August 19, 2021 Read More →

Coal prices surge as global electricity demand soars

CNBC:  Soaring electricity demand, infrastructure woes and a surge in global gas prices have triggered an extraordinary rally for the world’s least liked commodity. Australian thermal coal at Newcastle Port, the benchmark for the vast Asian market, has climbed 106% this year to more than $166 per metric ton, according to the latest weekly assessment […]

August 19, 2021 Read More →

Snowy Hydro releases Submissions Report addressing response to Kurri Kurri power station

Utility Magazine: Snowy Hydro Limited has released a Submissions Report addressing community, government and organisation responses to its Environmental Impact Statement (EIS) on the Hunter Power Project (Kurri Kurri Power Station).  Snowy Hydro is 100 per cent owned by the Federal Government, causing controversy throughout its planning process for the proposed plant – mostly surrounding […]

August 18, 2021 Read More →

BHP feels burden of NSW’s biggest coal mine despite surging prices

The Sydney Morning Herald:  Mining giant BHP would pay a bidder about $275 million to take the biggest coal mine in NSW off its hands even as prices of the fossil fuel soar to levels not seen since 2008. BHP has been shopping its Mt Arthur coal mine near Muswellbrook for more than a year, […]

August 18, 2021 Read More →

Guyana will seek better terms for future oil deals with ExxonMobil

The Guardian:  Guyana will seek much better terms for any future oil deals than their contract with ExxonMobil, the country’s vice-president said on Tuesday. The tiny South American country has become one of the most desired oil exploration spots after an ExxonMobil-led group, which also includes the US-based exploration firm Hess Corp and the Chinese […]

August 18, 2021 Read More →

ExxonMobil unprepared for possible Guyanese environmental disasters, experts say

The Guardian: ExxonMobil’s huge new Guyana project faces charges of a disregard for safety from experts who claim the company has failed to adequately prepare for possible disaster, the Guardian and Floodlight have found. Exxon has been extracting oil from Liza 1, an ultra-deepwater drilling operation, since 2019 – part of an expansive project spanning […]

August 17, 2021 Read More →

Indonesia climate targets lack ambition, don’t address UN’s dire warnings

Channel News Asia: Despite bringing forward its net zero emissions target by a decade to 2060, experts say Indonesia has missed an opportunity to upgrade its climate change ambitions ahead of critical global talks and amid dire warnings from top scientists about drastic temperature rise.  Indonesia updated its targets late last month ahead of the […]

August 13, 2021 Read More →

Rising gas prices push Biden administration to squeeze OPEC

Marketplace: The Biden administration did something yesterday that had some folks in the energy industry scratching their heads: It wrote a letter to OPEC and its allies urging the cartel to boost oil output to tackle rising gasoline prices. Texas Gov. Greg Abbott responded on Twitter, writing, “Dear White House: Texas can do this. Our […]

August 12, 2021 Read More →