In 2015 when the Paris Agreement was reached, its new goal of limiting warming to 1.5°C was at risk of being dead on arrival because the world was on the verge of a coal-plant-building boom. However, since then the amount of new coal power in development has fallen dramatically. Why? There are multiple reasons for the transformative change: 🔌Clean energy filled the gap 🏭Most of the biggest emitters announced goals to reach net-zero emissions 💰Large public financiers of coal projects committed to stop lending #SystemsChangeLab explores the history of coal plants cancellations in China, India and Vietnam to help understand how the world can speed up the cancellation of the remaining coal project pipeline▶️ https://bit.ly/3zMN5vK
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In 2015 when the Paris Agreement was reached, its new goal of limiting warming to 1.5°C was at risk of being dead on arrival because the world was on the verge of a coal-plant-building boom. However, since then the amount of new coal power in development has fallen dramatically. Why? There are multiple reasons for the transformative change: 🔌Clean energy filled the gap 🏭Most of the biggest emitters announced goals to reach net-zero emissions 💰Large public financiers of coal projects committed to stop lending #SystemsChangeLab explores the history of coal plants cancellations in China, India and Vietnam to help understand how the world can speed up the cancellation of the remaining coal project pipeline▶️ https://bit.ly/3zMN5vK
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Principal @ SGV & Co. (a member firm of Ernst & Young) | Climate Resilience, Decarbonization, Circular Economy, Tackling Inequality
Since 2015, over 1K GW of planned coal power generation assets has been cancelled. This is empirical evidence that financial institutions play a key role in decarbonization. They cannot be agnostic and passive players in decarbonization.
In 2015 when the Paris Agreement was reached, its new goal of limiting warming to 1.5°C was at risk of being dead on arrival because the world was on the verge of a coal-plant-building boom. However, since then the amount of new coal power in development has fallen dramatically. Why? There are multiple reasons for the transformative change: 🔌Clean energy filled the gap 🏭Most of the biggest emitters announced goals to reach net-zero emissions 💰Large public financiers of coal projects committed to stop lending #SystemsChangeLab explores the history of coal plants cancellations in China, India and Vietnam to help understand how the world can speed up the cancellation of the remaining coal project pipeline▶️ https://bit.ly/3zMN5vK
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Plans to invest in new coal plants have been massively cut back over the past 8 years. A nice set of graphs from WRI shows how this global trend has played out across the top 10 coal-plant-planning countries.
In 2015 when the Paris Agreement was reached, its new goal of limiting warming to 1.5°C was at risk of being dead on arrival because the world was on the verge of a coal-plant-building boom. However, since then the amount of new coal power in development has fallen dramatically. Why? There are multiple reasons for the transformative change: 🔌Clean energy filled the gap 🏭Most of the biggest emitters announced goals to reach net-zero emissions 💰Large public financiers of coal projects committed to stop lending #SystemsChangeLab explores the history of coal plants cancellations in China, India and Vietnam to help understand how the world can speed up the cancellation of the remaining coal project pipeline▶️ https://bit.ly/3zMN5vK
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Since 2015 the amount of new coal power in development has fallen from 1,496 GW to 578 GW and the majority of coal plants that were in development in 2015 have been cancelled. This transformational change occurred during a period when we were expecting a coal boom. This insightful new article from Joel Jaeger at #SystemsChangeLab explores the reasons for this unexpected development and what we can learn from it now.
In 2015 when the Paris Agreement was reached, its new goal of limiting warming to 1.5°C was at risk of being dead on arrival because the world was on the verge of a coal-plant-building boom. However, since then the amount of new coal power in development has fallen dramatically. Why? There are multiple reasons for the transformative change: 🔌Clean energy filled the gap 🏭Most of the biggest emitters announced goals to reach net-zero emissions 💰Large public financiers of coal projects committed to stop lending #SystemsChangeLab explores the history of coal plants cancellations in China, India and Vietnam to help understand how the world can speed up the cancellation of the remaining coal project pipeline▶️ https://bit.ly/3zMN5vK
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In 2015 when the Paris Agreement was reached, its new goal of limiting warming to 1.5°C was at risk of being dead on arrival because the world was on the verge of a coal-plant-building boom. However, since then the amount of new coal power in development has fallen dramatically. Why? There are multiple reasons for the transformative change: 🔌Clean energy filled the gap 🏭Most of the biggest emitters announced goals to reach net-zero emissions 💰Large public financiers of coal projects committed to stop lending #SystemsChangeLab explores the history of coal plants cancellations in China, India and Vietnam to help understand how the world can speed up the cancellation of the remaining coal project pipeline:
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In 2015 when the Paris Agreement was reached, its new goal of limiting warming to 1.5°C was at risk of being dead on arrival because the world was on the verge of a coal-plant-building boom. However, since then the amount of new coal power in development has fallen dramatically. Why? There are multiple reasons for the transformative change: 🔌Clean energy filled the gap 🏭Most of the biggest emitters announced goals to reach net-zero emissions 💰Large public financiers of coal projects committed to stop lending #SystemsChangeLab explores the history of coal plants cancellations in China, India and Vietnam to help understand how the world can speed up the cancellation of the remaining coal project pipeline: https://bit.ly/3zMN5vK
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Strategic Marketing Leader | Brand Architect | Narrative and Positoning Developer | Champion of Sustainability and Social Impact
In 2015 when the Paris Agreement was reached, its new goal of limiting warming to 1.5°C was at risk of being dead on arrival because the world was on the verge of a coal-plant-building boom. However, since then the amount of new coal power in development has fallen dramatically. Why? There are multiple reasons for the transformative change: 🔌Clean energy filled the gap 🏭Most of the biggest emitters announced goals to reach net-zero emissions 💰Large public financiers of coal projects committed to stop lending #SystemsChangeLab explores the history of coal plants cancellations in China, India and Vietnam to help understand how the world can speed up the cancellation of the remaining coal project pipeline:
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In 2015 when the Paris Agreement was reached, its new goal of limiting warming to 1.5°C was at risk of being dead on arrival because the world was on the verge of a coal-plant-building boom. However, since then the amount of new coal power in development has fallen dramatically. Why? There are multiple reasons for the transformative change: 🔌Clean energy filled the gap 🏭Most of the biggest emitters announced goals to reach net-zero emissions 💰Large public financiers of coal projects committed to stop lending #SystemsChangeLab explores the history of coal plants cancellations in China, India and Vietnam to help understand how the world can speed up the cancellation of the remaining coal project pipeline▶️ https://bit.ly/46uQUCg #ParisAgreement #ClimateAction #CleanEnergy #NetZero #CoalPhaseOut #Sustainability #ClimateChange #RenewableEnergy #EnvironmentalImpact
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Fri. Oct. 4, 2024 - It’s a good thing China is in another planet (sic). Here’s an even better news. NOV. 27, 2019 Excerpt: “ Three years ago this month, the Paris climate agreement went into effect, and so far things aren’t looking great. Meanwhile, entire cities are sinking into the ocean, wildfires are ravaging the West Coast of the US, glaciers are melting, and the ocean is dying. The writing is on the wall: If something doesn’t change soon, our goose is cooked. But as detailed in a new report from the Global Energy Monitor, an NGO tracking fossil fuel assets, China seems to be ignoring the memo that coal is canceled. In addition to roughly 1,000 gigawatts of existing coal capacity, China has 121 gigawatts of coal plants under construction, which is more than is being built in the rest of the world combined. China Is Still Building an Insane Number of New Coal Plants While the rest of the world turns away from the fossil fuel, China is investing big in coal-powered electricity. DANIEL OBERHAUS 11.27.19 7:00 AM SCIENCE https://lnkd.in/gkGDBCaV
Britain is now coal power free. With the closure of the last coal fired power plant in Britain we have become the first G7 nation to go coal free for our electricity supply. While the UK is shifting to clean power, the world is not on track to meet our climate goals. Phasing out unabated coal power is the single most important step we can take together to tackle climate change, meet the Paris Agreement goals and deliver the UAE Consensus while providing important health benefits through improved air quality. The science is clear: coal power remains the largest source of energy related CO2 emissions globally and needs to be phased out first and fastest to avoid the worst impacts of climate change. The global phase out of coal power is well underway but must be accelerated. To keep 1.5C within reach, phasing out operating coal power by 2040 requires about two coal plant retirements per week. The urgency to take action has never been clearer. That is why the UK co-chairs the Powering Past Coal Alliance, a global coalition of governments, businesses and organisations dedicated to accelerating a just transition from coal to clean energy.
Britain is now coal power free.
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Did you know that #Britain is now the first G7 nation to go coal power free? This is a powerful message on how it is possible to tackle #ClimateChange.
Britain is now coal power free. With the closure of the last coal fired power plant in Britain we have become the first G7 nation to go coal free for our electricity supply. While the UK is shifting to clean power, the world is not on track to meet our climate goals. Phasing out unabated coal power is the single most important step we can take together to tackle climate change, meet the Paris Agreement goals and deliver the UAE Consensus while providing important health benefits through improved air quality. The science is clear: coal power remains the largest source of energy related CO2 emissions globally and needs to be phased out first and fastest to avoid the worst impacts of climate change. The global phase out of coal power is well underway but must be accelerated. To keep 1.5C within reach, phasing out operating coal power by 2040 requires about two coal plant retirements per week. The urgency to take action has never been clearer. That is why the UK co-chairs the Powering Past Coal Alliance, a global coalition of governments, businesses and organisations dedicated to accelerating a just transition from coal to clean energy.
Britain is now coal power free.
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