Super polluting coal plants fuel economies and the climate crisis

Quick Summary:

Moving on from the world's dirtiest power plants presents a huge climate opportunity but social risk.

It can be hard to get financing to close plants, which may have debts or power purchase agreements to supply electricity for decades to come, especially for countries with younger plants expected to generate returns on investment.

Meeting global climate targets to restrict global warming to 1.5°C requires a rapid shift away from coal, according to the United Nations Intergovernmental Panel on Climate Change.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAzerbaijanChinaIndiaPolandSouth AfricaVietnam

Topics: Mining IEA UN Power plants Electrification Clean energy Livelihoods Energy Sustainable finance Sustainable development Reporting COP29 Energy transition COP Air pollution Research Coal COP28 Inequality Financing Emissions Renewable energy Energy security IPCC Investment Global warming Jobs Economy Decarbonisation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 11:05:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1081 words

Reading Time: 7 minutes read

Sentences: 36 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 23369477

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About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

Year Established: 2009

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #100

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