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IEEFA
Bloomberg ($): Canada’s plans to introduce a tax credit for carbon capture in the country’s oil patch would amount to a fossil fuel subsidy for an ineffective technology, a group of academics said in a letter to the deputy prime minister. Carbon capture, where the carbon dioxide from oil and gas production facilities is sequestered […]
Tim Buckley
The avalanche of technology, policy and finance moves is now unstoppable
The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market. EV sales in China grew 154% year-on-year to 3.3 million in 2021. China now wants new energy vehicles (NEVs), including plug-in hybrids and hydrogen […]
Vibhuti Garg
What does it mean for power generation and energy security?
Not long ago, India faced coal shortages due to a decline in domestic coal production after mines flooded during the monsoons. That had more to do with developers not maintaining enough coal stockpiles than a decline in domestic coal production. Some of this shortfall in domestic supply from August to October 2021 was met through […]
IEEFA
Reuters: Exxon Mobil (XOM.N) on Tuesday launched the sale of shale gas properties stretching across 27,000 acres in the Appalachian basin of Ohio, the company confirmed, part of an ongoing divestiture of U.S. assets. The top U.S. oil producer is marketing 61 wells that last year produced around 81 million cubic feet per day equivalent […]
IEEFA
The Guardian: Queensland’s huge untapped Galilee coal basin was touted as a jobs and revenue bonanza by its supporters, with the potential to liberate hundreds of millions of tonnes of harmful greenhouse gases. The Galilee’s potential as a “carbon bomb” was wrapped up in a dozen or more coalmining projects and estimates of billions of […]
IEEFA
The Economic Times: India is considering a proposal to halt new coal-based power units as the country works out a plan to meet commitments made at COP26. An expert committee tasked by the Union power ministry to update the National Electricity Policy (NEP) has recommended that no new coal-based capacity be considered, said people with […]
Haneea Isaad
ETM can work if Pakistan’s political and financial realities are taken into consideration
In August this year, the Asian Development Bank (ADB) launched an ambitious program to foster the energy transition in emerging Asia, the Energy Transition Mechanism (ETM) for Southeast Asia. The ETM is a blended finance facility that seeks to facilitate early coal-fired power plant retirements while replacing them with cleaner energy technologies. The ETM initially […]
IEEFA
Bloomberg ($): Indian lenders channeled more funds to clean energy projects compared to coal-based ones for a third straight year in 2020 with more expected to flow into the renewables sector in the coming years after Prime Minister Narendra Modi unveiled ambitious goals last month for cutting emissions. Clean energy projects got 74% of the […]
Sam Reynolds, Grant Hauber and Press Release
IEEFA’s investigative analysis reveals that only a small fraction of LNG projects are viable across seven emerging Asian countries
15 December (IEEFA Asia): The liquefied natural gas (LNG) industry has framed LNG as a cheap, reliable “bridge fuel” to help countries reduce coal consumption and transition to cleaner renewable energy. For many project developers and countries in emerging Asia, however, LNG is a bridge that may never be built, according to the latest report […]
Haneea Isaad and Press Release
ADB’s plan may not stop the large coal pipeline in Vietnam, Indonesia and the Philippines
10 December (IEEFA Asia): In August, the Asian Development Bank (ADB) announced an ambitious plan to buy high emissions coal-fired power plants in Southeast Asia and retire them within 15 years through an energy transition mechanism (ETM). According to the Institute for Energy Economics and Financial Analysis’ (IEEFA) latest report, if the ETM is not […]
IEEFA: Skyrocketing EV sales in China spell a no-turning-back step change in global energy landscape
The avalanche of technology, policy and finance moves is now unstoppable
The jury is in. The global race between passenger electric vehicles and hydrogen fuel cells vs petrol vs diesel is over. EVs have won in China, the world’s biggest auto market. EV sales in China grew 154% year-on-year to 3.3 million in 2021. China now wants new energy vehicles (NEVs), including plug-in hybrids and hydrogen […]