Global coal generation is plunging into a ‘death spiral’. That’s the verdict from environmental think-tank Carbon Tracker, which has published a new report suggesting 42% of the world’s operating coal fleets are already unprofitable due to high fuel costs. It expects a combination of renewable energy costs, air pollution regulation and carbon pricing to mean this figure will rise to 72% by 2040. The statistics cover around 95% (1,900GW) of global operating capacity and 90% (220GW) of capacity being built – the predictions assume fuel costs will fall by more than a tenth after 2018 and only include existing climate and air pollution policies, meaning they are likely to prove conservative estimates.
Energy Live News 28th Dec 2018 read more »