An estimated 36 per cent of the world’s energy is still produced by coal, although it is the largest contributor to climate change, and responsible for around 46 per cent of global carbon-dioxide emissions. The climate-finance think tank said renewables were now a cheaper option than building coal power stations in all major markets by 2030. Solar and wind energy was already cheaper than power from approximately 60 per cent of coal plants, including around 70 per cent of China’s coal plants and half of Australian power station, the report added. Nearly half of Australia’s exported thermal coal goes to Japan where wind power cost less than electricity from new coal plants, the initiative said. Renewables would be cheaper than existing coal by 2028, it forecast.
Energy Reporters 14th March 2020 read more »