Australia

IEEFA Research

IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

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IEEFA ‘Pipe Dream’ Report Questions Rationale for North East Gas Interconnector in Australia

A Financially Weak Pipeline Project Hampered by a Global Glut in Liquefied Natural Gas

We’re publishing a report today questioning the economics and financial footing of the proposed $800 million North East Gas Interconnector (NEGI) in Australia. The report—“Pipe Dreams: A Financial Analysis of the Northern Gas Pipeline”—also examines the implications of awarding an unregulated monopoly over the pipeline to Jemena, a Singaporean and Chinese government-owned company, via State […]

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New IEEFA Report: ‘Sub-Critical Australia’ East Coast Grid Needs an Electricity Market Plan

SYDNEY 17 May 2016 (IEEFA.org) – Australia’s east coast electricity market currently faces a disorderly transition resulting in the potential for black-outs and poor social and environmental outcomes, according to ‘Sub-Critical Australia,’ a new report released today by the Institute for Energy Economics and Financial Analysis (IEEFA). According to the report, Australia’s National Energy Market […]

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If Peabody Is to Recover, It Must Close More Mines

The World’s Biggest Private-Sector Coal Company’s Current Turnaround Strategy Won’t Work

Peabody Energy, the largest private-sector coal-mining company in the world, is out with a dismal review today of its 2015 performance. The metrics unto themselves are damning, and Peabody’s plan for turning things around is even worse. In a report we’ve just published (with the Seattle-based Sightline Institute)—“Peabody’s Strategies for Survival Ignore Market Realities and Risks […]

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Report: Wollongong Coal Ltd’s Russell Vale Coal Mine A Likely Stranded Asset

Wollongong Coal Ltd’s Russell Vale Coal Mine A Likely Stranded Asset (pdf)

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Fact-Checking the Claim That Australian Coal Is Clean

Studiously Avoiding the Trend Toward a New Energy Economy

We’re seeing an increasing number of boastful assertions by Australian politicians that Australian coal is environmentally friendlier than other coal. It’s not true—and we’ve published a fact sheet here that gets into the weeds of it—but one illuminating comparison can be found when you stack Australian benchmark thermal coal up next to coal from Indonesia, […]

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Past Peak Coal in China

Past Peak Coal in China, Nov 2015  Chinese translation of press release (pdf)

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New IEEFA Report – Adani: Remote Prospects

Obstacles to Adani’s Project in Australia Have Only Grown: The Strategic ‘Moment’ for Coal Mining in the Galilee Basin Has Passed; Public Investment Is Ill-Advised; Markets Will Not Support an Unbankable Development

Almost two years ago we published a review in which we raised doubts about the Adani Group’s proposed Carmichael coal mine in the Galilee Basin of Australia and the associated rail and port infrastructure development. The mine would ship coal through the port at Abbot Point in the Great Barrier Reef. Today we’ve published an […]

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India’s Electricity-Sector Transformation

New IEEFA report- India’s energy transformation gathers momentum

10 August, 2015: India’s ‘seven horses of energy’ electricity sector transformation is gathering pace, with far-reaching ramifications for renewable energy development and the structural decline of seaborne thermal coal, according to a new report released today by the Institute for Energy Economics and Financial Analysis (IEEFA) and Indian energy analysis firm, Equitorials. The report – […]

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A White Elephant at Newcastle

T4 Would be Redundant, and It Is Not in Australia’s National Interest

A proposal to build a fourth coal-export terminal in Newcastle, Australia, is about as big a boondoggle in the making as one can imagine. Even executives at Port Waratah Coal Services, the company that wants to erect the T4 facility are having trouble explaining the sense of the project. “T4 will only be built if […]

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More News and Commentary

Australia, Awash in Exxon-Controlled Natural Gas Production, on the Verge of Finding a Way to Stop Having to Rely on Expensive Imports

Sonali Paul for Reuters: AGL Energy is considering importing liquefied natural gas (LNG) to southeastern Australia from 2021, in a move that could ease the grip on supply that four producers led by ExxonMobil Corp hold in the region. Australia is on track to become the world’s top exporter of LNG, but that is paradoxically […]

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Does Queensland Need an LNG Industry?

Lachlan Barker for Independent Australia: As Bruce Robertson of IEEFA told us back then, US$50 is the long term average for the oil price – which the price of contract sold LNG is pegged to – and that’s what it is at now. With no foreseeable oil price rise, the current loss-making price that the […]

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IEEFA Report: Three Timely Takeaways on 2016 Global Energy Transformation

An Acceleration to Renewables, Faster-Than-Expected Shifts Regionally and Nationally, Growing Risk for Investors Who Lag Behind

Three notable takeaways emerge from the rapid transformation of the global energy economy, as we detail in a new paper we published today as the landmark Paris Agreement officially goes into effect. The global transition to renewables is accelerating. Change is happening faster than expected. Those left behind in this transition face growing financial risk. […]

Read More →

IEEFA Asia: Adani, in Latest Report to Investors, Skips Mention of Its Australian Coal Project

As Energy Markets Continue to Evolve, Less Likelihood Carmichael Mine Will Be Developed

Adani Enterprises Ltd—the 100 percent owner of Adani Mining Australia Pty Ltd, the entity that owns the massive Carmichael open-cut coal proposal—is reporting a net loss of US$11 million for the three months to September 2016. This comes on the back of a 33 percent year-on-year decline in operating profits and an 18 percent rise […]

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Global Coal-Price Surge Likely Short-Lived

Jamie Smyth for the Financial Times: Australia and other coal-rich countries are poised for an economic boost as recently shuttered mines reopen following a price rebound driven by production curbs in China. Global miners, which have endured a five-year bear market that forced the world’s biggest private coal producer Peabody to file for bankruptcy in […]

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‘How Long Until the Bust?’

Henning Gloystein and Keith Wallis for Reuters: As Australian thermal coal prices hit $100 per tonne on Tuesday for the first time since 2012, the fuel’s rally is now among the commodity’s top-three bull-runs on record. The bull-run rivals the 2011 Fukushima nuclear meltdown and Australian mining flood spike, and the 2008/09 financial boom and […]

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Coal-Price Rally Seen as Short-Lived

Martin Farrar for The Guardian: The rally in the price of key exports such as coal and iron ore that has promised a multibillion-dollar windfall for Australia’s treasurer, Scott Morrison, could be shortlived, economists have warned. Hopes have risen that the federal budget could benefit from as much as $23bn in additional tax revenues from […]

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Clip of the Day: False Hope in Coal-Price Surge

From ABC Australia: After years of struggle, new shoots of growth are reappearing in Australia’s coal industry. It’s being led by a surge in interest from Asia, thanks largely to China’s efforts to reduce production. But as prices rebound one analyst is warning that Australia needs to learn from the past. Full item: Bounce in […]

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IEEFA Australia: The Zombie Australian Coal Project That Won’t Die

Adani’s Plans for Carmichael Are on Life Support, but Still Alive

The announcement this week by Queensland Mining Minister Anthony Lynham that the proposed open-cut Carmichael coal plan is considered a “prescribed project” is yet another reminder that you still can’t say for sure that Adani’s dreams for north Australia are dead. The strategic merit remains questionable, the quality of the coal the project would produce […]

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IEEFA Asia: At a Crossroads, and Where Much of the Energy-Transition Action Is

Announcing the Appointment of Four New Energy Data Analysts Focusing on Indonesia, the Philippines, China, India, Bangladesh, and Australia

Asia, like the rest of the world, is at an energy-policy crossroads. Nowhere is this more evident than in electricity markets, where entire countries are grappling now with which fork to take: the one that loops back to the past or the one that leads to modernization and sustainability. At issue in the Philippines, for […]

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