The latest report from Carbon Tracker reveals a future in which the investment in coal power plants is deemed economically and environmentally unviable, and five Asian countries are poised to suffer great economic losses with their plans to hang on to dirty energy.
The COVID-19 pandemic and the cheaper renewables might have contributed to a 4-percent decline in coal power generation in 2020, but energy-related carbon emissions are projected to rebound this year, mainly driven by coal consumption in Asia, according to the report.
Carbon Tracker, a financial think tank specializing in the analysis of the impact of energy transitions, predicted that the universal goal of countering temperature rise through cutting coal generation depends almost entirely on developments in China, India, and ASEAN countries, which account for around 75 percent of global coal capacity and 80 percent of new coal-related projects.
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