New research from the Institute for Energy Economics and Financial Analysis shows that investing in a coal-to-clean transition transaction, rather than punting purely the decommissioning of coal plants, presents a compelling value proposition. The Institute researched coal power plants around the world and found that renewable energy asset profit margins can be more than enough to pay the cost of closing a coal plant while still generating a profit for the power facility’s operator, under specific circumstances. New coal capacity in sub-Saharan Africa is decreasingRecasting decommissioning of coal plants as a financial opportunityAs the Institute research discovered, only 215GW (approximately 10%) of existing coal power capacity is slated for decommissioning by 2030. Few of the initiatives to decommission coal power target dates before 2030. Find out more in: Accelerating the coal to clean transitionOn the other handSeparate Just Energy Transition plan from coal plants – Eskom

Source: The North Africa Journal June 21, 2024 06:03 UTC