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IEEFA Research

IEEFA U.S.: Plummeting oil and gas prices leave New Mexico’s budget short by hundreds of millions of dollars

IEEFA U.S.: Plummeting oil and gas prices leave New Mexico’s budget short by hundreds of millions of dollars

Industry problems hit before the pandemic, were made worse by it and will persist even after the economy improves

October 20, 2020 (IEEFA) — After years of benefitting from record oil and gas revenues, global markets are signaling the beginning of the end of New Mexico’s financial reliance on fossil fuels. Leases, royalty payments and taxes from the oil and gas industry have directly accounted for as much as 30 percent of the state’s […]

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

IEEFA U.S.: Ratepayers face risks with Project Tundra’s retrofit of aging N.D. coal-fired plant

Unproven technology funded by federal tax credits unlikely to pay off

September 22, 2020 (IEEFA) — A plan to retrofit an aging coal-fired plant in North Dakota with unproven carbon capture and storage technology is likely to raise rates for customers who get electricity from the Milton R. Young Unit 2 facility, according to a new report from the Institute for Energy Economics and Financial Analysis […]

IEEFA report: Puerto Rico Electric Power Authority debt deal weak and plagued by scandal

IEEFA report: Puerto Rico Electric Power Authority debt deal weak and plagued by scandal

Island residents face decades of unaffordable rate hikes and fees

August 21, 2019 (IEEFA) ‒ The Puerto Rican legislature will soon consider a debt restructuring deal for Puerto Rico’s Electric Power Authority (PREPA) that is unaffordable and risks jeopardizing the island’s economic recovery, according to a report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report, Puerto Rico Electric Power […]

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IEEFA Letter to Biden Administration: Invest FEMA funds in resilient Puerto Rico electric grid

IEEFA Letter to Biden Administration: Invest FEMA funds in resilient Puerto Rico electric grid

IEEFA urges using FEMA funds to align with Puerto Rico's and Biden Administration's energy policies

To Whom It May Concern: I am writing to express my concern with the pending use of billions of dollars of FEMA funds for Puerto Rico’s electrical system. Puerto Rico’s plan is bad economic and fiscal policy and makes a mockery of the Biden administration’s climate policy goals of decarbonizing the nation’s electricity sector by […]

October 14, 2021 Read More →
IEEFA Europe: Overcapacity and investment fever push costs to Spanish consumers, yet Enagás profits
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IEEFA Europe: Overcapacity and investment fever push costs to Spanish consumers, yet Enagás profits

Spain’s gas regulations benefit Enagás and burden consumers

September 15, 2021 (IEEFA) – Empresa Nacional de Gas (Enagás) has benefited from a “security and diversity of supply” strategy as an excuse to build or expand liquefied natural gas regasification terminals, natural gas pipelines and gas storage facilities. The resulting overcapacity has meant low utilization rates for gas infrastructure assets in Spain, as well […]

IEEFA: Green bonds are driving cost-effective finance to clean energy in India

IEEFA: Green bonds are driving cost-effective finance to clean energy in India

Indian green bonds attractive in global low interest rate environment

Green bonds have become a key financial instrument for mobilising cost-effective foreign debt capital into the Indian renewables market. Since 2016 Indian corporates and financial institutions have raised around US$14.43bn through green bonds as per Bloomberg New Energy Finance (BNEF) data. In 2021 to-date, Indian companies have attracted US$4bn in green bonds, already beating the […]

August 19, 2021 Read More →
IEEFA Energy Finance 2021 online conference starts June 14

IEEFA Energy Finance 2021 online conference starts June 14

IEEFA conference gathers leaders and experts from across sectors to explore energy transition

IEEFA’s Energy Finance Conference 2021 kicks off Monday June 14th at 1:00 pm EDT with a keynote presentation by Michael Liebreich, Chairman and CEO of Liebreich Associates (and founder of New Energy Finance, now Bloomberg NEF). Moderator: Sergio Knaebel, Sandler Foundation The conference is being held online during the weeks of June 14 and June […]

IEEFA: Comunidad de Puerto Rico opta por una solución de resiliencia solar con almacenamiento

Golpeados por huracanes y terremotos, los residentes prueban el modelo de compra masiva para la resiliencia

El mal estado de la red eléctrica de Puerto Rico es de conocimiento público. Después que el huracán María azotara en 2017, muchas comunidades perdieron energía durante meses. Esta larga interrupción provocó casi 3,000 muertes y un éxodo de residentes. Aun recuperándose de las secuelas de María, la parte sur de la isla fue golpeada […]

China climate five-year plan taking ‘baby steps’ so far

RenewEconomy: On Friday the Chinese government released some long-awaited detail on its latest five year plan, and it was not the news many were hoping for – especially after President Xi Jinping’s surprise promise to go “carbon neutral” by 2060. Rather than following up that 2060 pledge with a radical, immediate action to curb emissions, […]

March 8, 2021 Read More →
IEEFA: ExxonMobil 2020 results come as no surprise: still not covering dividends

IEEFA: ExxonMobil 2020 results come as no surprise: still not covering dividends

Spent $2.6 billion more cash on capital projects than it generated from operations

This morning, ExxonMobil reported its first-ever annual loss, with cash flows from operations falling by more than half year-over-year. And even though the company cut capital spending by roughly 29% from the previous year, ExxonMobil still spent $2.6 billion more cash on capital projects than it generated from operations. Yet despite these shortfalls, the company […]

IEEFA India: The false promise of ‘second life’ coal

India risks Rs4 trillion new investment in yet more stranded fossil fuel assets

Federal Home Minister Amit Shah’s suggestion that India should invest 4 trillion rupees (US$55billion) in expanding new and existing coal mines, as well as high-risk, speculative, domestic ‘clean coal’ projects over the next decade to create a hoped for ‘second life’ is, in our view, entirely inconsistent with the country’s policy direction and ignores the […]

January 19, 2021 Read More →

Indonesia’s PLN working on green plans to build investor credibility

Saur Energy: Indonesian state-owned electricity company PT Perusahaan Listrik Negara (PLN) is preparing to issue a “green and/or sustainable financing” instrument as early as January 2021 following the publication of its Statement of Intent on Sustainable Financing Framework in November. And a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA) […]

December 24, 2020 Read More →

Pandemic, strained finances creates crisis for Indonesian power demand

The Jakarta Post ($): The COVID-19 pandemic hit the global energy market, including Indonesia, this year, as industry players were pressured by low demand due to virus containment measures. Domestic demand for fuel, gas and electricity began declining in late March, as Indonesia announced its first COVID-19 case earlier that month. President Joko “Jokowi” Widodo […]

December 23, 2020 Read More →