March 4, 2021 Read More →

United Nations head calls for end to new coal projects

SolarQuotes:

UN Secretary-General António Guterres has again called for an end to what he called the world’s deadly addiction to coal.

In a message to the Powering Past Coal Alliance Summit, the Secretary-General said while momentum for climate action offers a measure of hope, that hope must be checked against reality. The release of Nationally Determined Contributions Synthesis report last week revealed “we have a long way to go”, indicating governments are not on track to meet the Paris Agreement goals.

The NDCs are described as being at the heart of the Paris Agreement, embodying efforts by each country that signed on to reduce their emissions and adapt to climate change impacts. 

Three to five of the remaining fifteen coal power stations in Australia’s National Electricity Market (NEM) will be under financial stress by 2025 according to recent analysis by the Institute for Energy Economics and Financial Analysis (IEEFA) and Green Energy Markets. This will be due to the huge amount of renewable energy supply expected to be added to the NEM over the next few years. 

[Michael Bloch]

More: UN Chief: Cancel All Coal Power Projects—Globally

Posted in: IEEFA In the News

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