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KC · @KC
205 followers · 49 posts · Server aus.social
What’s a fair price for domestic gas? $12 per gigajoule is too high

A price cap of $7/GJ for domestic gas allows for all gas fields in eastern Australia to make profits over and above a return on equity, with some gas fields highly profitable at this level.

The Australian government has instead chosen $12/GJ as the gas capped price.

's LNG/gas analyst Bruce Robertson says $12/GJ is simply not reasonable and is 70% above a fair price.

Read his report here ieefa.org/resources/whats-fair

#IEEFA #gas #oilandgas #energy #climate #energytransition #renewableenergy #australia #electricity #companies #investors #insurance #risk #grid #banks #utilities #mining #exploration

Last updated 2 years ago
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KC · @KC
205 followers · 49 posts · Server aus.social

#southasia #adani #IEEFA #coal #energy #mining #india #australia #bangladesh #energytransition #energysecurity #power #electricity #tariffs #godda #powerplant #poverty #asia #climate #finance #investors #esg #carmichael #queensland #jharkhand

Last updated 2 years ago
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KC · @KC
197 followers · 47 posts · Server aus.social

NEW ANALYSIS: The approval for the 's new Cumbria coal mine makes little sense.

The assumption the mine will meet demand from the steel industry runs counter to leading steel firms attempts to deploy new clean production technologies.

Little of the new coal will be used by UK steelmakers, who are making it clear they want government support to transition away from coal in order to remain competitive.

If the UK government wants to maintain a domestic primary steelmaking capacity, it will need to provide financial support to the major producers to transition, undermining the rationale for the mine’s approval.

It already seems clear that little of the coal from the new mine will be used by the UK steel industry.

But if the government moves to support the steel sector’s transition away from coal – as is already doing – then approval for the new coal mine makes even less sense.

New from ieefa.org/resources/uks-new-mi

#uk #cumbria #europe #IEEFA #energy #climatechange #investing #news #media #climate #finance #investment #energytransition #steel #greensteel #coal #mining #producers #sustainability #australia

Last updated 2 years ago
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KC · @KC
198 followers · 47 posts · Server aus.social

#IEEFA #energy #electricity #renewableenergy #invest #investors #capacity #energytransition #climate #climatechange #coal #gas #oilandgas #minister #government #australia #sustainability #leadership #analysis #news

Last updated 2 years ago
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KC · @KC
198 followers · 47 posts · Server aus.social
Bloomberg - Glencore Scraps Giant Australian Coal Project on Net-Zero Goals

#news #media #energy #coal #climate #climatechange #emissions #pollution #mining #energytransition #steel #finance #investors #australia #uk #eu #asia #glencore #IEEFA

Last updated 2 years ago
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KC · @KC
198 followers · 47 posts · Server aus.social
Overshadowed by pandemic, war and economic concerns, the electric power transition has become a juggernaut in the U.S.

A massive transition has occurred in the U.S. electric power system in the past 3 years.

Wind and solar have more than matched the growth in U.S. generation, and are pushing fossil fuels—especially coal—off the grid.

New report.

ieefa.org/resources/overshadow

#generation #IEEFA #energy #climate #climatechange #fossil #fossilfuels #investment #investors #finance #solar #wind #turbine #grid #electricity #usa #coal #gas #oilandgas #energytransition #power #energycrisis #analysis #analyst

Last updated 2 years ago
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KC · @KC
190 followers · 42 posts · Server aus.social

ARGH: Vanguard has just pulled out of the Net Zero Asset Manager initiative.

Looks like , with about $7 trillion in global assets under management in 2021 - yes you read that right - was never serious about taking climate action.

...as pointed out in this 2021 report "Vanguard Group: Passive about climate change' ieefa.org/resources/vanguard-g

Vanguard lags its peers on climate.

ft.com/content/48c1793c-3e31-4

#vanguard #IEEFA #climate #climatechange #sustainability #finance #investors #investing #investment #passive #laggard #energy #energytransition #sharemarket #stocks #shareholders #stockmarket #news #media #netzero #coal #fossilfuels #climaterisk #analyst

Last updated 2 years ago
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KC · @KC
189 followers · 41 posts · Server aus.social
BBC News - First UK coal mine in decades approved

BREAKING: First UK coal mine in decades approved.

Minister states he is "satisfied that there is currently a UK and European market for the coal".

However, as 's steel analyst Simon Nicholas notes, the technology transition away from coal has accelerated in in 2022.

Poor decision.

bbc.com/news/uk-politics-63892

#IEEFA #steel #europe #finance #energy #transition #cokingcoal #coal #greensteel #investors #investment #climate #climatechange #uk

Last updated 2 years ago
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KC · @KC
189 followers · 40 posts · Server aus.social

There's been a lot of talk about introducing a gas reservation policy on the east coast of . It should be done - as over 70% of gas produced on the east coast of Australia is exported - but at what price?

suggests domestic gas should be capped at $7/gigajoule and not the $12 currently being touted.

$12/GJ for gas is just gifting the gas cartel super profits for the majority of their production - to the detriment of Australian energy consumers.

A new report by /gas Bruce Robertson.

ieefa.org/resources/whats-fair

#australia #IEEFA #lng #analyst #energy #oilandgas #naturalgas #gasprices #climate #profit #media #news #government #policy

Last updated 2 years ago
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KC · @KC
189 followers · 40 posts · Server aus.social
ABC News - What the Santos Federal Court loss means for the Barossa gas project off the Tiwi Islands, and future projects like it

For projects like Barossa, Santos' partners will be looking very, very closely at whether they actually decide to proceed with this.

The ruling would influence investor confidence in the project, as well as others on the Australia's north-west shelf.

- LNG/gas analyst, Bruce Robertson,

Report by

abc.net.au/news/2022-12-04/nt-

#IEEFA #abc #news #oilandgas #gas #australia #to #Tiwi #Santos #finance #investors #climate #climatechange #risk #renewableenergy #media #emissions #energy #mining #law

Last updated 2 years ago
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KC · @KC
188 followers · 38 posts · Server aus.social

#IEEFA

Last updated 2 years ago
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KC · @KC
183 followers · 35 posts · Server aus.social
ABC News - Santos loses Federal Court appeal over Barossa gas project after challenge by Tiwi Island traditional owners

BREAKING - Massive gas project rejected by Federal court

Gas giant has LOST its bid to restart drilling at the A$4.7 billion offshore gas project in Australia.

Santos previously described the Barossa project as the biggest oil and gas investment in Australia in a decade.

Today's decision sends a message to all gas companies.

Reporting by ABC: abc.net.au/news/2022-12-02/nt-

#Santos #Barossa #climate #climatechange #gas #australia #japan #southkorea #korea #darwin #Tiwi #media #news #breakingnews #energy #mining #exploration #IEEFA

Last updated 2 years ago
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KC · @KC
183 followers · 36 posts · Server aus.social
China is building a more credible green finance market, but state-owned enterprises’ green bonds are in the way

While China’s ambition to green its financial market has been making significant progress, investors should remain cautious as not all onshore green bonds play by the same rules.

Enterprise green bonds, issued by state-owned enterprises, have yet to apply Green Bond Principles.

A new analysis by 's Christina Ng.

ieefa.org/resources/china-buil

#IEEFA #china #sustainability #investing #finance #bonds #greenbonds #asia #green #climate #taxonomy #eu #bank #energy #coal #oil #gas #hydrogen

Last updated 2 years ago
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KC · @KC
183 followers · 36 posts · Server aus.social
Zoom - Welcome! You are invited to join a webinar: Unaffordable power: why governments need to tackle monopoly network super profits. After registering, you will receive a confirmation email about joining the webinar.

#webinar #IEEFA #auspol #electricity #energycrisis #australia #finance #investing #asia #profits #energy #grid #network #Energypolicy #transmission

Last updated 2 years ago
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KC · @KC
183 followers · 36 posts · Server aus.social
Asia & Pacific - Weaning South-East Asia away from fossil fuels - Asia & Pacific

#IEEFA #asia #southeastasia #eu #uk #us #india #climatecrisis #energy #finance #banks #mining #exploration #coal #gas #oilandgas #green #sustainability

Last updated 2 years ago
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KC · @KC
183 followers · 36 posts · Server aus.social
Two economies collide: Competition, conflict, and the financial case for fossil fuel divestment

The coal, oil and gas sectors have lost their financial rationale.

From a structural standpoint, two economies are emerging—one based on fossil fuels and one based on sustainability—that cooperate and conflict but ultimately integrate into one fragile, changing energy system.

In this, climate change is increasingly acknowledged and seen as a financial risk.

This fact, in addition to global competition, should have institutional investors questioning the need to invest in fossil fuels at all.

A recent report that's worth the read!

ieefa.org/resources/two-econom

#

#IEEFA #divestment #investment #banks #finance #sustainability #strandedassets #insurance #renewableenergy #climatechange #coal #gas #oilandgas

Last updated 2 years ago
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Kate Finlayson · @KC
137 followers · 26 posts · Server aus.social

Solar generation helped avoid billions in costs for seven Asian countries in the first half of 2022 alone.

That means in the wake of soaring fossil fuel prices, solar power is already contributing to meeting demand in Asia and enhancing energy security.

power is expected to continue to exponentially increase at an average annual growth rate of 22% until 2030 across five key economies: , , the , and .

A new report by and .

ieefa.org/resources/sunny-side

#electricity #solar #asian #china #india #philippines #japan #indonesia #IEEFA #crea #ember #energy #renewableenergy #asean #apac #green #climate #climatechange #finance

Last updated 2 years ago
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Kate Finlayson · @KC
137 followers · 26 posts · Server aus.social
How to mobilise green finance for Indian MSMEs

currently has no dedicated platform to finance the decarbonisation of micro, small and medium enterprises, despite them playing an important role in the country's economy and net zero ambitions.

A new analysis by 's Saurabh Trivadi with Labanya Prakash Jena suggests a green finance platform could help MSMEs access green bond capital.

ieefa.org/resources/how-mobili

#india #IEEFA #energy #carbon #finance #energytransition #banks #government #green #economy #netzero #bond #greenbonds

Last updated 2 years ago
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Kate Finlayson · @KC
137 followers · 26 posts · Server aus.social

Coal-driven climate change is becoming a big problem – for coal.

Flooding in Australia has contributed to a 22% increase in unit costs for major Australian thermal coal miners this year.

With the climate trend set to worsen thanks to the consumption of fossil fuels, the industry can expect more disruption.

A new analysis by 's analysts Simon Nicholas and Andrew Gorringe.

ieefa.org/resources/coal-cost-

#climatechange #climate #australia #IEEFA #coal #energy #finance #investing #green #mining #asia #japan #indonesia #taiwan #china #southkorea #southafrica

Last updated 2 years ago
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Kate Finlayson · @KC
137 followers · 26 posts · Server aus.social
The Saturday Paper - Inside Mike Cannon-Brookes’s AGL coup

Inside Mike Cannon-Brookes’s coup

What he’s saying is we need things like community batteries at the end of the street. Individual batteries in the home. Electric cars providing power, vehicle to grid, explains IEEFA’s Bruce Robertson.

He means nothing less than turning the traditional model of electricity provision upside down.

thesaturdaypaper.com.au/news/e

#IEEFA #agl #energy #energymastadon #utilities #electricity #auspol #ev #energystorage #renewableenergy #batteries #der

Last updated 2 years ago
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