Wind and solar plants will soon be cheaper than coal in all big markets around world, analysis finds

Wed, 18 Mar 2020 05:03:02 +1100

Andrew Pam <xanni [at]>

Andrew Pam

"Building new wind and solar plants will soon be cheaper in every major
market across the globe than running existing coal-fired power stations,
according to a new report that raises fresh doubt about the medium-term
viability of Australia’s $26bn thermal coal export industry.

While some countries are moving faster than others, the analysis by the
Carbon Tracker Initiative, a climate finance thinktank, found renewable
power was a cheaper option than building new coal plants in all large
markets including Australia, and was expected to cost less than
electricity from existing coal plants by 2030 at the latest.

Solar photovoltaics and wind energy were already cheaper than
electricity from about 60% of coal stations, including about 70% of
China’s coal fleet and half of Australia’s plants, it said."

Don't invest in coal.

        *** Xanni ***
--                   Andrew Pam                 Chief Scientist, Xanadu             Partner, Glass Wings                Manager, Serious Cybernetics

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