ieefa

The Australian government has today committed to reaching net zero emissions by 2050 but has not passed any legislation to support such a transition in a move described as “disappointing” and “unambitious” by the country’s Clean Energy Council.

Australian companies plan to spend AUS$5.1 billion (US$3.7 billion) on offshore gas exploration over the next six years, which is enough to develop 2.5GW of renewables capacity and generate close to 5,000 jobs

Investors are turning away from fossil fuels and shifting into renewables because of falling costs and climate targets, with US banks lagging behind their European and Asian counterparts

New Mexico’s largest utility plans to develop 950MW of solar and storage by 2022 as it exits the state’s San Juan coal plant and eyes 100% emissions-free electricity by 2040.

The deployment of wind-solar hybrid projects could play a key role in India meeting its renewable energy targets while also reducing intermittency problems, a new report says.

An investment shortfall and government inaction are stymying the growth of green hydrogen globally, potentially creating a shortfall by 2030.

A surge in new utility-scale solar is poised to push much of the remaining coal-fired power fleet in Texas into retirement in the next few years, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA).

Projects can stay money-making for cost-savvy developers and investors but tariffs below INR 2.5/kWh (3.47 US dollar cents per kWh) are ‘unviable’, say IEEFA experts.

Phase-out scenarios by Berkshire Hathaway Energy unit and others underscore ‘economic sense’ of cleaner alternatives, say IEEFA analysts.

UKCI invests in India's CleanMax Solar, Solek starts building 16MW of solar in Chile, Tata Power exemplifies Indian energy transition - IEEFA.