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IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

IEEFA Update: Santos won’t solve the problem of Barossa LNG with carbon capture and storage

Leaving the ‘dirty’ gas in the ground might now be the best course of action

20 October 2021 (IEEFA Australia): Even if it employed carbon capture and storage, Barossa gas will continue to release financially risky carbon dioxide emissions onsite, onshore and across the supply chain, making it one of the more expensive and dirtiest gas projects in the world, finds a new report from the Institute for Energy Economics […]

IEEFA: Australia’s climate policies could push New South Wales into a debt spiral

IEEFA: Australia’s climate policies could push New South Wales into a debt spiral

Climate policy failure will shrink Australia’s GDP by 6% and increase net debt in NSW to 100% by 2060, with taxpayers footing the bill

20 October 2021 (IEEFA Australia): Australia’s failure to commit to net zero targets or any credible climate policy is a growing economic threat to New South Wales and other states, argues a new report by the Institute of Energy Economics and Financial Analysis (IEEFA). The Reserve Bank of Australia’s deputy governor Guy Debelle last week […]

and October 20, 2021 Read More →
IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy

IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy

An ‘essential industry’ to the U.S. economy runs in the dark

October 18, 2021 (IEEFA) — Despite its growing importance to the U.S. economy, the nation’s plastics industry remains a heavily concentrated sector taking advantage of an opaque, unregulated price-setting mechanism to bolster profits for major oil and gas companies, as well as plastic producers. The sector, which has increased prices throughout the year, was deemed […]

IEEFA U.S.:  Pension funds investing indirectly in Ohio’s Gavin coal plant are at risk as financial, environmental disadvantages mount

IEEFA U.S.: Pension funds investing indirectly in Ohio’s Gavin coal plant are at risk as financial, environmental disadvantages mount

Declining demand for coal plants, credit agency downgrades and investor scrutiny create challenges for Lightstone investment prospects

October 14, 2021 (IEEFA) — The major pension and retirement funds that own a piece of the General J.M. Gavin (Gavin) coal plant in Ohio face increasing challenges from their investment. Most investors do not know that they own a share of the plant and some are just beginning to realize it, according to an […]

IEEFA Australia: Ahead on solar, woefully behind on distributed energy resource standards

IEEFA Australia: Ahead on solar, woefully behind on distributed energy resource standards

Making the right technical decisions about DER

Despite being ahead on rooftop solar installs, Australia is behind other jurisdictions (like Germany and California) in putting sensible governance arrangements in place for distributed energy resource (DER) technical standards. DER technical standards – covering smart devices including rooftop solar systems, air conditioners, electric vehicle (EV) chargers, pool pumps and the like – are designed […]

IEEFA: Review of U.S. coal leasing program misses the point, may slow energy transition

IEEFA submits comments to Bureau of Land Management on coal leasing program

October 1, 2021 (IEEFA) – The United States government should not spend any time reforming the coal leasing process because new coal leases are no longer needed, according to comments submitted to the United States Bureau of Land Management by the Institute for Energy Economics and Financial Analysis. “As the owner of the coal reserves, […]

IEEFA: Defying global financial trends, Vietnam pivots back to coal power

IEEFA: Defying global financial trends, Vietnam pivots back to coal power

Latest draft power development plan puts clean energy transition at risk by sacrificing renewables for more coal

29 September (IEEFA Vietnam): In the lead up to the United Nations Climate Change Conference COP26, President Xi Jinping recently declared that China will no longer build new coal-fired power projects abroad. Despite limited details, the ramifications of China’s coal exit strategy for coal-centric developing economies like Vietnam could be immense. Before President Xi’s announcement, […]

and September 29, 2021 Read More →
IEEFA India: Why prices skyrocketed at the power exchange

IEEFA India: Why prices skyrocketed at the power exchange

Renewables can help stabilise the grid and level costs amid the vagaries of coal stocks

29 September (IEEFA India): With electricity demand in India recently peaking, a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) explores the supply and demand conditions that led to recent price spikes in the evening peak hours, starting in August through to September 2021. Electricity demand in India has peaked and […]

and September 29, 2021 Read More →
IEEFA: Guyanese oil deal tax incentives raise income reporting concerns

IEEFA: Guyanese oil deal tax incentives raise income reporting concerns

Government pays annual income taxes for ExxonMobil, Hess and CNOOC

September 28, 2021 (IEEFA) — Guyana is giving tax breaks worth at least USD$1.7 billion over five years to three of the world’s largest oil companies, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA). Tax concessions granted to ExxonMobil, Hess and the China National Offshore Oil Company (CNOOC) by […]

and September 28, 2021 Read More →

More News and Commentary

Evergy plans to add 1,000 megawatts of wind power by end of 2026

Kansas City Business Journal: Evergy Inc.’s efforts to shift away from coal-fired power plants in favor of renewable energy sources got a boost on Monday. The Kansas City-based utility released a request for proposals to purchase up to 1,000 megawatts of wind energy [PDF] that could be in service by the end of 2026 or […]

October 19, 2021 Read More →

Banks using loopholes to dodge pledges to stop funding Arctic drilling

Wall Street Journal ($): Some of the world’s largest banks, including Goldman Sachs Group Inc., HSBC Holdings and BNP Paribas SA pledged in recent years to stop direct financing of Arctic oil exploration. The idea was to choke off money for fossil-fuel extraction in a pristine natural environment. A battle has broken out among investors, […]

October 19, 2021 Read More →

Vestas 15-megawatt turbines to power New York Empire Wind project

offshoreWind.biz: Empire Offshore Wind, a joint venture between Equinor and bp, has named Vestas as the preferred turbine supplier for the 2.1 GW Empire Wind 1 and Empire Wind 2 offshore wind projects in New York, USA. Vestas will provide 138 V236-15.0 MW turbines for Empire Wind 1 and 2, located 15-30 miles off the […]

October 19, 2021 Read More →

Iberdrola to spend $8.2 billion on East Anglia offshore wind project

Reuters: Global wind power leader Iberdrola (IBE.MC) will pour six billion pounds ($8.24 billion) into a wind farm complex in the North Sea off the east coast of Britain, in its biggest project investment worldwide, it said on Monday. Iberdrola said in a statement it would foot the bill for the East Anglia Hub site, […]

October 19, 2021 Read More →

EDP plans to invest $13 billion in UK wind and solar projects by 2030

Reuters: Power distribution company WEL Networks and renewables developer Infratec are in the final stages of assessment for what will be New Zealand’s first utility-scale battery energy storage Power company Energias de Portugal (EDP.LS) (EDP) plans to invest 12.86 billion pounds ($17.65 billion) in wind and solar projects in Britain by 2030 as the country […]

October 19, 2021 Read More →
IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy
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IEEFA U.S.: Skyrocketing plastics prices a major concern for public health, economy

An ‘essential industry’ to the U.S. economy runs in the dark

October 18, 2021 (IEEFA) — Despite its growing importance to the U.S. economy, the nation’s plastics industry remains a heavily concentrated sector taking advantage of an opaque, unregulated price-setting mechanism to bolster profits for major oil and gas companies, as well as plastic producers. The sector, which has increased prices throughout the year, was deemed […]

IEEFA India: Energy crisis shows coal is an expensive and unreliable source of electricity generation

Any knee-jerk reaction that urges more investment in coal completely misses the point

India is teetering on the brink of joining a growing global energy crisis. This burning issue is not only keeping coal power producers, distribution companies, and state governments awake at night, but also the Prime Minister’s Office, the Ministry of Power and the Ministry of Coal. Daily analysis of coal stocks is taking place at […]

October 18, 2021 Read More →

Solar investments produce 2.7 times more jobs than fossil fuel work

Huffington Post: As Congress debates whether to pare down the Biden administration’s signature climate proposals or allow the fossil fuel industry to benefit more from new government programs, new research suggests doing so would create far fewer jobs. For every million dollars the United States government invests, solar produces over 2.7 times more jobs than […]

October 18, 2021 Read More →

Puerto Rico grid woes lead to grassroots push for more renewables

The Guardian: Rosalina Marrero spends the best part of each day ironing and watching telenovelas at her modest bungalow in Puerto Rico’s coastal Guayama province. When it gets too hot or her asthma plays up due to the toxic coal ash from the nearby power plant, the 78-year-old widow rests on an adjustable hospital bed, […]

October 18, 2021 Read More →

Largest India conglomerate plans sixfold boost in renewables by 2030

Nikkei Asia ($): Looking to scale up its green energy portfolio from 4 gigawatts at present to 25 GW by 2030, Indian electricity producer Tata Power is betting heavily on the “huge potential” that the South Asian nation of over 1.3 billion people offers in the field of renewable energy. “For a country like India, […]

October 18, 2021 Read More →