Jobs

IEEFA Research

IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds

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 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 update: Australia’s gas-led recovery is flogging a dead horse

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 – […]

November 3, 2020 Read More →
IEEFA Australia: Investing in renewable energy will repower aluminium and heavy industry sectors

IEEFA Australia: Investing in renewable energy will repower aluminium and heavy industry sectors

Study shows Gladstone’s aluminium smelter crucial in decarbonisation and jobs drive

15 September 2020 (IEEFA Australia) – Australia’s failing aluminium sector could move to low-cost, zero-emissions electricity and invest in plant modernisation to support demand response management supplying local heavy industry, according to a new report from the Institute of Energy Economics and Financial Analysis (IEEFA). Putting a lens on the industrial energy demand hub of […]

and September 14, 2020 Read More →
IEEFA update: T&D agreement for Puerto Rico power grid sets off alarm bells

IEEFA update: T&D agreement for Puerto Rico power grid sets off alarm bells

Fails to include accountability mechanisms for meeting cost, labor, and green energy goals, Sanzillo tells U.S. House Committee

August 4, 2020 (IEEFA U.S.) – In testimony submitted to the U.S. House Committee on Natural Resources, IEEFA’s director of finance Tom Sanzillo warned of significant problems with a recent agreement for LUMA Energy to take over transmission and distribution (T&D) of Puerto Rico’s electric power grid. The agreement fails to address three major challenges, […]

Press release: IEEFA statement on Teck Resources decision to withdraw Frontier Mine proposal

February 24, 2020 – Tom Sanzillo, Director of Finance for the Institute for Energy Economics and Financial Analysis (IEEFA), made the following statement today on Teck Resources’ decision to withdraw its proposal to build the Frontier oil sands mine in Alberta: “Teck’s leadership has acknowledged that conditions have changed, and the $20 billion Frontier project […]

and February 24, 2020 Read More →
IEEFA report: Teck Resources’ Frontier Oil Sands project shows reckless disregard for financials

IEEFA report: Teck Resources’ Frontier Oil Sands project shows reckless disregard for financials

Joint Review Panel’s approval was based on inflated oil price projections

January 15, 2020 (IEEFA North America) – The Joint Review Panel (JRP) approved Teck Resources’ proposed Frontier oil sands mine, now under federal government review, based on inflated oil price estimates of $95/barrel or better “for years to come,” which is  “misguided and reckless,” according to a report released today by the U.S.-based Institute for […]

IEEFA update: Australia’s first offshore wind project a step in the right direction, despite the cost

Allows early decommissioning of some of the old, polluting, unreliable units of the two Victorian brown-coal fired stations

5 November 2019 (IEEFA Australia): Australia’s first offshore wind project in Victoria is a step in the right direction despite the over investment, according to a new IEEFA note out today. The ‘Star of the South’ off the coast of Gippsland in Victoria is a massive 2.2 gigawatts of wind capacity proposal and will be […]

IEEFA U.S.: Bill to incentivize federal reinvestment in tribal regions of Arizona suggests a model for coalfield communities nationally

IEEFA U.S.: Bill to incentivize federal reinvestment in tribal regions of Arizona suggests a model for coalfield communities nationally

Bipartisan support is possible; Congressional appropriations will be key

Sept. 29, 2019 (IEEFA) — A bill to encourage federal reinvestment in communities hurt by the closure of the Navajo Generating Station (NGS)-Kayenta Mine complex in Arizona suggests a model that could work for coalfield communities nationally, concludes a report published today by the Institute for Energy Economics and Financial Analysis. The report—Bill to Spark […]

and September 19, 2019 Read More →

IEEFA Australia: Australian taxpayers funding subsidies worth billions for Adani’s Carmichael thermal coal mine

Carmichael mine unbankable and unviable without subsidies

29 August 2019 (IEEFA Australia): After yet another three month extension, there is now just one month to go until Adani and Queensland Treasury sign off on a massive 900 million dollar 7-year low interest royalty capital subsidy for the Indian billionaire Adani Group – ensuring no royalty return from Carmichael into the Queensland community […]

IEEFA Australia: Contracting with Adani Australia entails counterparty risks

IEEFA Australia: Contracting with Adani Australia entails counterparty risks

Buyer beware

16 August 2019 (IEEFA Australia): Contractors, employees and debtors seeking work with Adani Mining are taking a financial risk with reports of previous contractors being burnt and the listed Indian parent company – Adani Enterprises Ltd – still lacking the financial capacity to deliver on the project, concludes a new briefing note out today. Written […]

More News and Commentary

Greek government approves 2.8GW of new renewable energy capacity

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 […]

December 23, 2020 Read More →
IEEFA Australia: Beetaloo is a sink-hole which the gas industry itself isn’t even investing in

IEEFA Australia: Beetaloo is a sink-hole which the gas industry itself isn’t even investing in

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 […]

December 21, 2020 Read More →

Avangrid Renewables proposes 2.5GW wind farm off the coast of North Carolina

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 […]

December 14, 2020 Read More →

IEEFA: The Australian government is holding out on setting a net-zero emissions deadline

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 […]

November 25, 2020 Read More →

South Korea’s Doosan Heavy, SK E&C link up to target floating offshore wind projects

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 […]

November 20, 2020 Read More →
IEEFA Australia: Snowy Hydro gas plant expansions likely to be fuelled with taxpayer funds
, and

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 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 […]

U.K.’s SSE plans significant expansion of renewable energy capacity by 2030

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 […]

November 18, 2020 Read More →
IEEFA South Africa: Coal market conditions have ‘deteriorated materially’

IEEFA South Africa: Coal market conditions have ‘deteriorated materially’

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 […]

November 6, 2020 Read More →

IEEFA update: Australia’s gas-led recovery is flogging a dead horse

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 – […]

November 3, 2020 Read More →
and

IEEFA: Renewable energy must play a greater role in economic recovery from COVID-19

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 […]