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IEEFA
Ekathimerini.com: The government on Monday approved four new investment projects in electricity production from renewable energy sources with a total budget of 2.02 billion euros. The projects that the Ministerial Committee for Strategic Investments, led by Development and Investments Minister Adonis Georgiadis, approved have a combined capacity of 2,810.3 megawatts and will create more than […]
Bruce Robertson
Federal Government’s $50 million handout to Northern Territory gas industry a shocking waste of taxpayer dollars
The Federal government’s $50 million handout to the Northern Territory’s failing gas industry to fast-track exploration in the Beetaloo Basin is a waste of taxpayer money that will bring zero return. The gas industry is not even investing itself, so why would the Federal Government? Gas companies have been cutting production and sacking workers. Stimulating […]
IEEFA
S&P Global Market Intelligence ($): Avangrid Renewables LLC has submitted a construction and operations plan to the U.S. Bureau of Ocean Energy Management for the first phase of its proposed Kitty Hawk Offshore Wind Farm off the coast of North Carolina. Under the proposal, the wind farm will be built in multiple phases between 2021 […]
Tim Buckley
Australia’s states and territories, corporates and financial institutions have set their own 2050 targets
More and more countries have net zero emissions ambitions, including Australia’s top trading partners China, Japan, South Korea, the UK and the U.S. (with President-elect Joe Biden preparing to move into the White House). Every Australian state and territory has committed to achieving net zero emissions by 2050 (or sooner for the ACT) and corporates […]
IEEFA
Recharge: Doosan Heavy Industries will link with compatriot infrastructure giant SK Engineering & Construction (SK E&C) to develop and equip floating wind projects, in another move by South Korea’s industrial heavyweights to grab a share of what’s set to be a huge build-out off its coasts. SK E&C will develop projects, including obtaining licences, and […]
Press Release, Trista Rose and Tim Buckley
Gas is a poor bet, and coupled with the financially challenged Snowy Hydro 2.0, is a sure stranded asset maker
19 November 2020 (IEEFA Australia): Careful scrutiny of Snowy Hydro’s latest financial results show the company is heading towards an uneasy reliance on government and taxpayer subsidies post 2021, throwing into serious doubt the government’s heady push for further gas expansion in a declining market, finds a new briefing note by the Institute for Energy […]
IEEFA
ReNews.biz: SSE is to treble its renewables output by 2030, with an aspiration to add 1GW a year of new clean power capacity by the second half of the decade. The company said it has already pledged to spend £7.5bn – £4m every day – to 2025. Its commitment follows the Prime Minister Boris Johnson’s […]
Simon Nicholas
The Asian seaborne thermal coal pool is drying out
Resource Generation Ltd’s proposed but long delayed Boikarabelo coal mine in South Africa’s Waterberg Coalfield has hit trouble after a key member of its funding consortium pulled out. The Industrial Development Corporation of South Africa (IDC) has cancelled all previously approved facilities due to its view that “the market conditions under which the Boikarabelo Coal […]
Bruce Robertson
With LNG worse for the climate than coal, Australia must adjust to our export markets shrinking
With polluting emissions from LNG 13% higher than gas, and Australia’s primary export destinations targeting net zero emissions and therefore less dirty LNG, Australia’s gas-led recovery is looking increasingly like the Australian government is ‘flogging a dead horse’. Australia’s core export markets for LNG, coal and iron ore – Japan, South Korea and China – […]
Vibhuti Garg and Guest Commentary: Christopher Beaton
Data indicates stimulus funding will have a net negative environmental impact
As the world grapples with the tragic health and economic consequences of COVID-19, governments have responded with a range of massive fiscal interventions. But while there is much talk of a ‘green recovery’, many governments are in fact prioritising environmentally unfriendly stimulus measures. The Indian government needs to build in green recovery-oriented measures to deal […]
IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds
Gas is a poor bet, and coupled with the financially challenged Snowy Hydro 2.0, is a sure stranded asset maker19 November 2020 (IEEFA Australia): Careful scrutiny of Snowy Hydro’s latest financial results show the company is heading towards an uneasy reliance on government and taxpayer subsidies post 2021, throwing into serious doubt the government’s heady push for further gas expansion in a declining market, finds a new briefing note by the Institute for Energy […]