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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 […]
José H. Román Morales
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 […]
IEEFA
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, […]
Clark Williams-Derry
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 […]
Tim Buckley
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$55billion) in expanding new and existing coal mines, as well as high-risk, speculative, domestic ‘clean coal’ projects over the next decade to create a hoped for ‘second life’ is, in our view, entirely inconsistent with the country’s policy direction and ignores the […]
IEEFA
Saur Energy: Indonesian state-owned electricity company PT Perusahaan Listrik Negara (PLN) is preparing to issue a “green and/or sustainable financing” instrument as early as January 2021 following the publication of its Statement of Intent on Sustainable Financing Framework in November. And a new briefing note from the Institute for Energy Economics and Financial Analysis (IEEFA) […]
IEEFA
The Jakarta Post ($): 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 […]
Tim Buckley
Technology disruption the likely theme of global energy markets in 2021
There has been a growing tsunami of climate commitment announcements combined with fossil fuel exclusion policies by globally significant financial institutions during December 2020, building on the pledges two months earlier by the leaders of China, Japan and South Korea committing to net zero emissions targets. On top of that, three leading corporate announcements show […]
Guest Contributor: Gireesh Shrimali and Guest Contributor: Abhinav Jindal
An economic proposition for coal dominant developing countries
Worldwide, coal plants are grappling with environmental issues and low capacity utilization levels. They have not only become unprofitable to utilities, they are also uneconomical to customers. While retiring end-of-life coal plants can overall be very beneficial, and indeed necessary as finance continues to exit the fossil fuel sector driven by the global energy transition, […]
Simon Nicholas
Implications for coal across the Belt and Road Initiative
At the 12 December Climate Ambition Summit hosted by the U.N., the U.K. and France, Pakistan’s Prime Minister Imran Khan announced that his nation “will not have any more power based on coal”. On the face of it, this is a highly significant statement for a nation that was until now intending to exploit its […]
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 improvesOctober 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 […]