Two-fifths of China’s coal power plants are losing money according to a new “revolutionary” satellite-based methodology designed to assess climate risk from fossil fuel plants launched this week by Carbon Tracker, which also showed that plant owners could save nearly $390 billion by closing plants in line with the Paris Climate Agreement.
The rapid growth of clean technologies is expected to cause fossil fuel demand to peak the 2020s according to a new report from Carbon Tracker, serving to put at risk trillions for investors ignorant of or unwilling to participate in the transition to a low-carbon economy.
Fossil fuel companies are at risk of wasting $1.6 trillion worth of expenditures through to 2025 if they base their emissions policies on current government policies which will likely result in global warming increasing to 2.7° degrees above pre-industrial levels, as compared to the 1.5° degree scenario of the Paris Climate Agreement.
A new report from London-based think-tank Carbon Tracker has concluded that 54% of all EU coal plants are currently loss-making, a number which will increase to 97% by 2030 and that a total phase-out of coal by 2030 could stem utility losses by up to €22 billion ($26 billion).
A quarter of all global refining capacity could be stranded and forced to close by 2035 if demand continues to fall and climate regulations and rapid clean technology advances continue to impose themselves, according to a new report published this week by Carbon Tracker.
A new report has concluded that phasing out unprofitable coal plants in the United States could end up saving consumers $10 billion per year by 2021, while simultaneously boosting the country’s competitiveness.
“Oil majors are worth more adopting a 2° C pathway”
That’s the title of a slide Carbon Tracker CEO Anthony Hadley used in a recent speech.
China is at risk of wasting a whopping $490 billion on new coal plants it doesn’t need under the country’s 13th Five Year Plan, as slower power demand growth, structural changes to the country’s economy, increased non-coal capacity targets, and carbon pricing all combine to slash coal-fired generation, according to a new analysis from Carbon Tracker Initiative.
According to a new report from the independent financial think tank Carbon Tracker Initiative, renewable power generation costs are already lower … [continued]
A new report by the Carbon Tracker Initiative has concluded that the fossil fuel industry’s business as usual scenarios will not … [continued]
