At COP24 the Polish Presidency has issued a declaration for a "Just Transition". Jennifer Tollman of climate think-tank E3G says a Just Transition must make allies of those working in and dependent on the high-carbon economy by supporting them in the transition. They must not be left behind. But they warn that this support should not be an excuse for a “go slow” on the transition, as missing our global climate targets is a clear disaster. … [Read more...]
Coal can’t compete – and its true costs are even higher than they appear
In Texas, income from electricity sales does not even cover the direct costs of coal power plants. But their hidden costs are much higher, explains Daniel Cohen of Rice University in Houston. Courtesy The Conversation. … [Read more...]
Coal’s cost increase leaves no cause for celebration
Coal’s carbon impact is clear from the fact that it produces 20% of electricity and 65% of EU power sector emissions. But even with EU coal prices at a five-year high, we are unlikely to see short-term European coal emissions reductions. Emissions Trading System prices would have to double to push coal out of the EU electricity mix, says Paul Deane of University College Cork's Environmental Research Institute. … [Read more...]
A blacklist of the world’s top 120 coal plant developers
Nearly 1,400 new coal power plant developments are planned or under construction in 59 countries that would add 33% to coal power capacity. But the risks of investing in such projects are growing, and many banks and investors are looking to move away from coal. To help them, non-governmental organisation Urgewald has created a database of the world’s top 120 coal plant developers, says Kathy Hipple of the Institute for Energy Economics and … [Read more...]
What is the future of coal?
It fired up the industrial age but is now condemned as a toxic pollutant. Most countries are cutting back on coal usage, but not all. Donald Trump wants to buck the trend and create jobs for miners, and Asia’s appetite for the black stuff continues to grow. Siân Bradley, from the independent policy institute Chatham House, asks if there is a future for old King Coal. … [Read more...]
UK offers green assurances for no-deal Brexit
The UK government says its environment and energy rules will remain in step with the EU’s even if it makes a hard, no-deal exit next year. Time, however, is running short, writes Sara Stefanini. Courtesy Climate Home News. … [Read more...]
Poland’s PGE should accelerate its coal diversification plans
Poland’s biggest utility, PGE, should accelerate plans to diversify away from coal, as surging carbon prices underscore risks gathering around its present PLN 21 billion ($5.6 billion) coal power investment programme, write Gerard Wynn of IEEFA (Institute for Energy Economics and Financial Analysis) and Paolo Coghe of the Paris-based independent consultancy Acousmatics. Courtesy Energy and Carbon Blog. … [Read more...]
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