Baseload coal is rapidly losing value, and is biggest risk to Australian utilities. Having cheap coal-fired generation in your electricity portfolio used to be one of the biggest competitive advantages for vertically integrated energy companies or “gentailers”. However, the role and value of baseload coal is quickly disappearing in Australia’s National Electricity Market (NEM), as the uptake of renewable energy grows. Companies with a heavy exposure to coal, such as AGL, will need to transition their business models if they want to survive.
Renew Economy 14th Sept 2021 read more »
The global pipeline of new coal power plants has collapsed since the 2015 Paris climate agreement, according to research that suggests the end of the polluting energy source is in sight. The report found that more than three-quarters of the world’s planned plants have been scrapped since the climate deal was signed, meaning 44 countries no longer have any future coal power plans. The climate groups behind the report – E3G, Global Energy Monitor and Ember – said those countries now have the opportunity to join the 40 countries that have already signed up to a “no new coal” commitment to help tackle global carbon emissions.
Guardian 14th Sept 2021 read more »
Analysis by E3G and Global Energy Monitor calculates pipeline for pre-construction coal plants has plummeted 76 per cent since 2015. The beginning of the end for the global coal power industry may soon be in sight, with the pipeline for new projects around the world having shrunk by 76 per cent since the Paris Agreement was signed in 2015, according to a new analysis today.
Business Green 14th Sept 2021 read more »