Carbon Tracker: 42% of Global Coal Power Plants Run at a Loss

New wind and solar will be cheaper than 96% of existing coal power by 2030

Two-fifths of the world’s coal power stations are already running at a loss, finds Carbon Tracker in a unique study released today which challenges the need for new coal generation and shows that it makes economic sense to close plants in line with the Paris Climate Agreement. The financial think tank has carried out the first global analysis of the profitability of 6,685 coal plants worldwide, representing 95% (1900GW) of all operating capacity and 90% (220GW) of capacity under construction. The UN’s Intergovernmental Panel on Climate Change says at least 59% of coal power worldwide must be retired by 2030 to limit global warming to 1.5°C and many countries have set phase-out... ... More: Official Press Release Carbon Tracker

Keywords:

Paris Climate Agreement, Carbon Tracker, coal, phase out, power plant, renewable energy, cheap, loss