No country for coal gen: Below 2°C and regulatory risk for US coal power owners
Phasing out unprofitable coal plants could save US consumers US$10 billion a year by 2021 and boost the country’s competitiveness, finds a new report by Carbon Tracker. The financial think tank finds that by the mid-2020s it will be cheaper to build new combined cycle gas turbines (CCGT) than continue running 78% of existing coal power plants. In an increasing number of states, onshore wind and utility-scale solar PV are also providing competitive alternatives. No Country for Coal Gen: Below 2°C and Regulatory Risk for US Coal Power Owners is the first study to look at the economics of each US coal power plant and provide investors with a tool to support a rational closure programme and ensure their portfolios are in line with the Paris Agreement to keep global warming below 2°C.