WRI Ross Center for Sustainable Cities reposted this
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
Good to know!