With the advancement of technology, wind and solar projects are much cheaper top build in any scale as compared to the coal counter parts. Everyone wants change and want their governments to switch to renewable sources. But it isn’t happening at the pace you would have imagined. For a change you will have to bring about it first and then others will follow. Signing a Petition online will do nothing other than sharing your personal information to marketeers.
The world can eliminate the most contaminating fuel while supporting a monetary recuperation of the economy from the coronavirus pandemic. Specialists say coal had arrived at a”tipping point” making it noncompetitive in many markets. It turns out that maintaining a coal fleet in more costly as compared to setting up a new renewable power station.
The 2015 Paris climate deal enjoins nations to limit global warming to well below 2 degrees Celsius (3.6 Farenheit) above pre-industrial temperatures through sweeping emissions cuts.
The accord strives for a safer heating cap of 1.5 C.
The Intergovernmental Panel on Climate Change said that for the 1.5 C goal to remain in reach, global coal use must decline by 80 percent below 2010 levels by 2030.
The analysis found that 81 percent of the European Union’s coal fleet was already uncompetitive today – meaning that without state support the plants would cease to be going concerns.
In China that figure stands at 43 percent currently, rising to nearly 100 percent in five years.
The report did not take into account the environmental and health impacts of coal.
“Coal power is quickly facing economic obsolescence, independent of carbon pricing and air pollution policies,” said Matt Gray, managing director and co-head of power and utilities at the Carbon Tracker Initiative.
“Closing coal capacity and replacing it with lower cost alternatives will not only save consumers and taxpayers money, but could also play a major role in the upcoming economic recovery.”
source : Science Alert