Gas industry’s emissions intensity is getting worse, new report finds

Gas industry’s emissions intensity is getting worse, new report finds

Detailed in a new briefing paper published by the Institute for Energy Economics and Financial Analysis (IEEFA), the level of emissions caused by Australia’s gas industry is increasing, as projects expand into more emissions intensive gas reserves.“Since 2014, the 360% expansion of LNG production in Australia accompanies a likely 460% growth in the industry’s domestic greenhouse gas emissions,” IEEFA analyst John Robert says.

IEEFA U.S.: Utility-scale renewables top coal for the first quarter of 2020

IEEFA U.S.: Utility-scale renewables top coal for the first quarter of 2020

Overall electricity generation was lower during the first three months of 2020 than in the first quarter of 2019, with production dropping from 955.2 million megawatt-hours in Q1 2019 to 920.1 million MWh in Q1 2020—and coal-fired power accounted for all of that decline and then some, dropping by almost 90 million MWh. In contrast, nuclear and renewables remained largely flat year-over-year on a quarterly basis, while gas rose.

IEEFA U.S.: Renewables generated more electricity than coal in February

IEEFA U.S.: Renewables generated more electricity than coal in February

Specifically, according to data from the U.S. Energy Information Administration’s (EIA’s) new hourly electric grid monitor, renewables generated 56,981,597 megawatt-hours of electricity during February while coal produced 54,733,731 MWh. The data comes with a few caveats.

GE lost billions by 'misjudging' renewables: report

GE lost billions by 'misjudging' renewables: report

As the price of renewable energy technologies such as wind and solar fell in recent years, the IEEFA said GE has been left with billions in stranded fossil fuel-related assets as cheaper alternatives curbed industry demand for coal and gas.

IEEFA: GE lost billions in market capitalization by misjudging energy transition

IEEFA: GE lost billions in market capitalization by misjudging energy transition

“GE lost investors an almost unprecedented and simply staggering US$193 billion in just three years to 2018, 74% of its market capitalization,” said co-author Tim Buckley, Director of Energy Finance Studies at IEEFA, according to a press release from IEEFA.

Renewable energy will surpass coal in April & May

Renewable energy will surpass coal in April & May

According to an analysis of the U.S. Department of Energy’s Energy Information Administration (EIA) by the Institute for Energy Economics and Financial Analysis (IEEFA), renewable energy sources including hydroelectricity are set to generate more electricity than coal, for the first time ever.

IEEFA U.S.: April is shaping up to be momentous in transition from coal to renewables

IEEFA U.S.: April is shaping up to be momentous in transition from coal to renewables

This month, for the first time ever, the renewable energy sector (hydro, biomass, wind, solar and geothermal) is projected to generate more electricity than coal-fired plants, which totals about 240 gigawatts (GW) of still-operating capacity.

South Korea takes further steps away from thermal coal

South Korea takes further steps away from thermal coal

Simon Nicholas, Energy Finance Analyst at IEEFA and co-author of the briefing note, says the proponent of the Bylong Coal proposal, the South Korean government-owned Korean Electric Power Corp (KEPCO), is now out of step with the government’s determination to transition away from thermal coal.“KEPCO Bylong have defended the need for the long-stranded project by highlighting the strategic importance of meeting South Korea’s future thermal coal demand.

Renewables clearly the answer as Bob Brown marches on Adani mine

Renewables clearly the answer as Bob Brown marches on Adani mine

The new report, from the Institute of Energy Economics and Financial Analysis (IEEFA), came as a convoy led by former Greens leader Bob Brown attracted many thousands of people to its rallies as it moved north to the site of Adani’s Carmichael coal mine, before a planned return for a final, major rally in Canberra.

IEEFA update: Norway’s GPFG sovereign fund to invest up to $14bn in unlisted renewables

IEEFA update: Norway’s GPFG sovereign fund to invest up to $14bn in unlisted renewables

NEW YORK, April 5, 2019 (IEEFA ) — Norway’s decision today to allow the Government Pension Fund Global (GPFG) to invest in unlisted renewable energy infrastructure represents a significant step by the world’s largest (US$ 1 trillion) pension fund, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

Australia’s biggest customers are abandoning coal-fired power projects

Australia’s biggest customers are abandoning coal-fired power projects

The latest coal-fired power plant pipeline data released by the Global Energy Monitor (GEM) also adds support to IEEFA’s prediction that Australian thermal coal exports are entering long-term decline.

Diesel is dying in rural economies: data

Diesel is dying in rural economies: data

In India, new data from IEEFA shows that replacing diesel irrigation pumps with solar power can reduce CO2 emissions by 224 million tonnes. Nigeria, most notably, is a huge consumer of diesel, with an estimated 60 million liquid fuel generators being used to power telecom towers, industry, business and households.

‘Sea change’ in the US market an agenda item at OWJ conference

‘Sea change’ in the US market an agenda item at OWJ conference

Vineyard Wind has agreed to produce electricity for an average price of US$0.085 per kilowatt hour (kWh) for 20 years, a price that defied most expectations and comes in at about a third of what wind-powered energy costs at Block Island Wind Farm, a small installation that to date is the only operating offshore wind power producer in American waters.” As IEEFA’s analysts noted, the Vineyard Wind price is also striking relative to New England wholesale power price spikes.

IEEFA Update: Renewables and Grid Stability Go Hand in Hand

IEEFA Update: Renewables and Grid Stability Go Hand in Hand

Equally important, as Wynn noted during IEEFA’s annual conference last week in New York, is that these high levels of variable generation integration have been achieved with no degradation in power supply or reliability (Wynn is the author of an IEEFA report published in February on how electricity markets that include California, Ireland, Germany, Spain, Texas, Uruguay, and the Indian state of Tamil Nadu have used a variety of innovative measures to successfully integrate solar and wind resources).