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Bruce Robertson, Milad Mousavian and Press Release
Investors beware, capacity factor trends and LCOE analysis show gas-fired power plants likely to be stranded assets into the future
24 June 2021 (IEEFA Australia): The Australian government may be relying on inaccurate financial assumptions for its gas-fired recovery as most gas- and coal-fired power plants in Australia, the UK, the U.S. and China are being operated less and less – what’s called a declining capacity factor, finds a new report by the Institute for […]
Vibhuti Garg
Global shift of funds away from fossil fuels is accelerating
The International Energy Agency’s (IEA) Net Zero Emissions (NZE) roadmap by 2050 is compatible with the Paris goal of restricting the temperature increase to below 1.5 degree Celsius. As per the NZE roadmap, the use of unabated fossil fuels declines sharply to just over a fifth of the total energy supply. More than two-thirds of […]
Sam Reynolds
Fossil gas and nuclear investments risk locking in costly, outdated infrastructure for the long-term
The United States has spent the past four years pushing expensive, unreliable energy infrastructure in the Philippines, rather than promoting cheap renewable technologies better suited for the Philippines market and its clean energy goals. The former Trump administration’s “energy dominance” agenda aimed to stimulate Southeast Asian demand for US fossil gas and nuclear exports as […]
Elrika Hamdi and Press Release
Renewables should be the focus of Indonesia’s net-zero pledge
2 June 2021 (IEEFA Indonesia): In growing energy markets like Indonesia, decision makers are facing a barrage of pro-nuclear media coverage as the nuclear industry floods the market with panels and webinars focused on the potential of nuclear power. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) highlights that while […]
IEEFA
S&P Global Market Intelligence ($): The U.S. Environmental Protection Agency staked out a new position on federal reviews of interstate natural gas pipelines, advising the Federal Energy Regulatory Commission to weigh the potential for “carbon lock-in” and the “costly irreversibility” of building such infrastructure. The EPA, as a representative of the Biden administration, has the […]
IEEFA
Bloomberg ($): The red-and-white flue stacks of the James M. Barry Electric Generating Station tower over the Mobile River, belching steam into the Alabama sky. The sprawling complex of coal and natural gas plants already spews more than 7.5 million metric tons of carbon dioxide-equivalent every year. Now it’s about to get even bigger, with […]
IEEFA
Reuters ($): Global energy transition is creating uncertainty for an estimated $14 trillion worth of oil and gas assets that have long depended on an indefinite rise in demand to offset risks despite a pandemic boost this year, consultancy Wood Mackenzie said on Thursday. As the world recovers from the COVID-19 pandemic, oil and gas […]
Bruce Robertson
The federal government should invest in clean energy industries of the future, not a stranded asset
The Hunter has the answer to Australia’s energy debate, and it’s not a new gas plant at Kurri Kurri because any way you look at it, it just doesn’t make sense. This new 660 megawatt diesel and gas peaking power station, announced yesterday by Australia’s Morrison government, will cost taxpayers $610 million and is part […]
IEEFA
Reuters ($): This week’s decision by Australia’s Woodside Petroleum Ltd (WPL.AX) to pull out of a big Canadian liquefied natural gas (LNG) project was the latest blow to a sector that has been heralded for its growth prospects worldwide. Demand for super-cooled LNG has surged in recent years as large energy-consuming nations like China and […]
Tim Buckley
Collective global government and corporate pledges, accelerating financial flows and straight economic gains make this a necessary, realistic and achievable outcome
The International Energy Agency’s (IEA) Net Zero by 2050 energy sector roadmap out today says the world should add “no new oil and gas fields approved for development in our pathway, and no new coal mines or mine extensions are required”. Simply put, more fossil fuels are entirely inconsistent with reduced emissions. Existing unabated coal […]
IEEFA: Gas power plants assuming a constant capacity factor are being financially overvalued
Investors beware, capacity factor trends and LCOE analysis show gas-fired power plants likely to be stranded assets into the future24 June 2021 (IEEFA Australia): The Australian government may be relying on inaccurate financial assumptions for its gas-fired recovery as most gas- and coal-fired power plants in Australia, the UK, the U.S. and China are being operated less and less – what’s called a declining capacity factor, finds a new report by the Institute for […]