Closing EU coal plants ‘could save €78bn’

EU coal power plant owners could save €78bn by closing loss-making facilities in line with the Paris Climate Agreement, new analysis suggests

EU coal power plant owners could save €78bn by closing loss-making facilities in line with the Paris Climate Agreement, new analysis suggests.

The Carbon Tracker financial thinktank carried out what it says is the first global analysis of the profitability of 6,685 coal plants worldwide representing 95% of operating capacity.

The research found that 42% of global coal capacity is already unprofitable because of the high price of fuel, rising to 56% by 2030, and 72% by 2040 as carbon pricing and air pollution regulations drive up costs and renewables continue to get cheaper. Costs would be driven even higher by any future regulation.

Please sign in to access this article. To subscribe, view our subscription options, or take out a free trial.

Please enter your details

Forgotten password?

Having trouble signing in?

Contact Customer Support at
subs@endseurope.com
or call 020 8267 8120

Not a subscriber?

Take a free trial now to discover the critical insights and updates our coverage offers subscribers.