According to the report, progress must be accelerated, including
canceling coal power projects under development and hastening retirement of aging coal fleets in Europe and the US.
Not exact matches
Beijing, however, has reaffirmed its commitment to meeting its targets under the Paris accord, recently
canceling construction of about 100
coal - fired
power plants and investing billions in massive wind and solar
projects.
Likewise Ontario, already committed to phase out
coal power by 2014,
cancelled a
project to build a gas - fired
power plant in Oakville last year in the face of fierce local opposition.
UNESCO also expressed grave concerns about the Rampal
coal plant and recommended that «the Rampal
power plant
project is
cancelled and relocated to a more suitable location where it would not impact negatively on the Sundarbans.»
Days later Siemens AG (SIE) announced it's selling Marine Current Turbines Ltd... Already the top 20 wave and tidal - stream businesses have amassed losses of $ 903 million over their lifetimes, according to BNEF data... «This is the capitalist survival - of - the - fittest process working as normal in any new market area,» McCrone said by e-mail... As other renewables such as solar and wind have reduced cost to become commercially viable, waves and tides remain the most expensive sources of
power, costing four times more than coal, BNEF estimates... Oceanlinx Ltd. and Wavebob Ltd. both failed in the past 18 months, and Ocean Power Technologies Inc., one of the only listed marine energy businesses, canceled a project inAustr
power, costing four times more than
coal, BNEF estimates... Oceanlinx Ltd. and Wavebob Ltd. both failed in the past 18 months, and Ocean
Power Technologies Inc., one of the only listed marine energy businesses, canceled a project inAustr
Power Technologies Inc., one of the only listed marine energy businesses,
canceled a
project inAustralia.
Adding to news of
canceled projects, and claims of leaky CO2 reservoirs, another CCS casualty was announced recently; American Electric
Power (AEP) has decided to pull the plug on its CCS add - on to a West Virginia coal - fired power p
Power (AEP) has decided to pull the plug on its CCS add - on to a West Virginia
coal - fired
power p
power plant.
I know the transmission upgrade costs for two large
power plants, because both are publich infomration: $ 1.5 billion for the Turkey Point
project and $ 450 million for the 600MW Big Stone II
coal plant that has now been
cancelled.
In January, the government
canceled its support for what was supposed to be a showcase
project, a plant at a carefully chosen site in Illinois where there was
coal, access to the
power grid, and soil underfoot that backers said could hold the carbon dioxide for eons.