Ageing Coal Plants Pave the Way for Renewable Revolution

New research from the Institute for Energy Economics and Financial Analysis (IEEFA) shows that over 800 coal-fired power plants could be profitably replaced by solar power in emerging economies starting at the end of this decade. This is both a surprising and hopeful finding, as the lack of affordability of such a transition has long been one of the key hurdles standing between the world and a 1.5ºC cap on global warming.  Phasing out coal is one of the most critical and urgent steps for combating climate change. But while transitioning…