Cheerful Charlie
Contributor
https://www.reuters.com/article/us-...-plants-are-unprofitable-report-idUSKCN1NZ00B
LONDON (Reuters) - More than 40 percent of the world’s coal plants are operating at a loss due to high fuel costs and that proportion could to rise to nearly 75 percent by 2040, a report by environmental think-tank Carbon Tracker showed on Friday.
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It found that 42 percent of global coal capacity is already unprofitable. From 2019 onwards, it expects falling renewable energy costs, air pollution regulations and carbon pricing to result in further cost pressures and make around 72 percent of the fleet cashflow negative by 2040.
In addition, by 2030, new wind and solar will be cheaper than continuing to operate 96 percent of today’s existing and planned coal plants, the report said.
...
King Coal is dead. Long live the king!
LONDON (Reuters) - More than 40 percent of the world’s coal plants are operating at a loss due to high fuel costs and that proportion could to rise to nearly 75 percent by 2040, a report by environmental think-tank Carbon Tracker showed on Friday.
...
It found that 42 percent of global coal capacity is already unprofitable. From 2019 onwards, it expects falling renewable energy costs, air pollution regulations and carbon pricing to result in further cost pressures and make around 72 percent of the fleet cashflow negative by 2040.
In addition, by 2030, new wind and solar will be cheaper than continuing to operate 96 percent of today’s existing and planned coal plants, the report said.
...
King Coal is dead. Long live the king!