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IEEFA India: Green lending criteria could improve the performance of power distribution companies

A hybrid (green + credit) rating for distribution companies would boost progress on decarbonisation goals

14 October (IEEFA India): To encourage change in high-carbon sectors, India’s power authorities could introduce a green rating when assessing financial support and bail-outs for power distribution companies (discoms), says a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). With lndia moving towards decarbonisation of its power sector, says report author […]

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 U.S.: Southern Company demolishes part of the $7.5 billion Kemper power plant in Mississippi

Kemper plant is a cautionary tale of runaway costs and failed promises

Two explosions rocked the Kemper power plant on Saturday as can be seen from footage posted on Twitter. The images dramatize the demise of a “clean coal” project that eventually ballooned in cost from an estimated $3 billion to $7.5 billion.  Driven by hubris and greed, and despite repeated warnings about the risks involved in […]

October 14, 2021 Read More →

IEEFA: Spiking coal prices: Don’t blame the energy transition

Volatility highlights urgency for renewables-based energy solutions

“Energy crisis.” The phrase evokes nearly-forgotten images of gasoline queues in the 1970s, but increasingly describes the spike in global fossil fuel prices. A handful of commenters eagerly lay the blame on renewable energy, which they claim has distracted the world’s attention from investments in oil, gas, and coal production that could have calmed markets. […]

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