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coal-fired power

UN calls on Bangladesh to put renewables first

As it prepares to lift the nation out of its list of the world’s least developed countries, the supranational body said the country should turn its back on coal and other fossil fuels.

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China’s cheap electricity crowds out foreign polysilicon

Imports from South Korea and the U.S. dwindled, year-on-year, ensuring Germany’s Wacker and the Malysian unit of Korean company OCI will supply the bulk of the world’s non-Chinese solar polysilicon this year.

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Renewables cheaper than fossil fuel plants by 2030

A report by McKinsey & Company reinforces the widely-held view renewables will supplant fossil fuels in the energy system but also joins the chorus of voices warning the world is on track to fall well short of limiting global temperature rises this century to 1.5C.

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Toshiba and Siemens Energy pledge to walk away from coal-fired power business

The Japanese tech giant and German power company have followed the lead of General Electric by promising not to take on any new coal power station contracts.

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India reportedly considering waiving carbon tax on coal

As Germany shuttered another of its nuclear power plants on New Year’s Day, the office of Indian prime minister Narendra Modi was said to be considering a proposal which would make coal more competitive with renewables in one of the world’s worst polluting nations.

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European coal fleet will run at a loss of €6.57bn this year

Economic thinktank Carbon Tracker used financial modeling to determine the profitability of every coal power plant in the EU. On average, 79% of the facilities run at a loss, with Germany, Spain and Czechia among the states particularly exposed to the consequences – for coal investors and the public.

Solar quadruples in big US capacity auction as electricity price soars

Unit cost of power is set to almost double for around a fifth of the US population in three years’ time as abandonment of all-of-the-above Obama strategy sees fewer generators participate in PJM capacity auction

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