coal power

A new Finance Taskforce that will work alongside national and sub-national members to accelerate the closure of coal-fired power stations will also be created

Members of the Alliance commit to taking actions such as setting targets to phase out coal and committing to no further investments in coal power

That will take the capacity of the power station from 1,995MW to 1,510MW in total

That was a result of higher energy consumption, which increased at nearly twice the average rate of growth since 2010

The initiative was launched by the UK and Canada last year, with governments and businesses committing to take action such as setting coal phase-out targets

It plans to phase out both its proprietary investments in coal-based business and its insurance coverage of such risks by 2040

Chile is to ban the development of new coal-fired power plants. The nation’s Energy Ministry and electric power generators’ association Asociación de Generadoras have agreed to not build any new coal plants without carbon capture and reduction technologies. The companies, which include Enel, ENGIE and AES, have also agreed to form a joint working group, […]

The European Commission has launched an investigation to assess Spain’s “environmental incentive” for coal power plants. The Commission is concerned the support has been used to meet EU environmental standards that were in any case mandatory. In 2007, Spain introduced a scheme to support the installation of new filters in existing coal plants to reduce […]

The UK and Canada have launched a global alliance to bring an end to the use of unabated coal power. A total of 25 countries and states have so far joined the ‘Powering Past Coal Alliance’ to phase out coal from power generation before 2030 at the UN COP23 climate conference in Bonn. They include […]

Europe turning away from coal will see carbon prices remain weak for at least 13 years. That’s according to a new study by Thomson Reuters, which suggests the faster large European nations phase out the carbon-intensive fuel from their electricity mixes, the quicker demand will be reduced for carbon allowances. Coal power represented 23% of […]