She quelled many of the critics, though, when she told the coal reps that the industry «must change rapidly and dramatically for everyone's sake,» that
all inefficient old coal plants should be shut down, that all new plants should include CCS, and that the world must «leave most existing [coal] reserves in the ground.»
Not exact matches
The best policy is to replace the
oldest dirtiest most
inefficient plants with newer
plants (not «clean»
coal, but cleaner
coal).
Fully contracted renewable energy projects have the least transition risk while
older,
inefficient merchant
coal plants are likely to suffer disproportionately from the financial effects of carbon transition such as lower wholesale prices, the cost of carbon credits, lower capacity factors and increased operating or capital costs, according to the report.
There is no doubt that the global
coal fleet is changing as
older inefficient subcritical stations built decades ago in Europe and the US are being replaced by new, highly efficient
plants in emerging economies like China, South and South - east Asia.
Climate targets mean
older inefficient coal plants will have to be phased out or replaced with new ones equipped with carbon capture and storage, the IEA says.
Action is being taken on this now with the government recently announcing plans to close
old,
inefficient coal fuelled power
plants and replace them with modern high efficiency technology.
Similarly, emission reductions in the UK power sector were largely driven by the retirement of
old,
inefficient coal plant during the 1990s, through sulphur regulations which meant
plant owners were faced with the choice of either retrofitting stock or retiring it (Eyre, 2001).
Scores of
old,
inefficient coal - fired power
plants were already expected to close as a result of other air pollution regulations — with gas fired
plants popping up in their place.
A significant number of US
coal - fired power
plants are
old,
inefficient, and no longer economically competitive: it simply makes no financial sense to keep them running when cheaper, cleaner alternatives are available.
As we see
older,
inefficient coal plants replaced in Europe and the US by new, highly efficient ones in emerging economies like China, Southeast Asia and India, this issue looks at an array of energy trends and what they mean for these economies.
«We welcome TVA's decision to retire the
old,
inefficient Allen
coal plant.
They are also deciding to retire
old,
inefficient coal plants and invest elsewhere rather than pay for retrofits in order to meet increasingly stringent pollution regulations.
At the same time, these
coal plants are growing
older and becoming increasingly
inefficient compared to the falling costs of natural gas - and renewable - powered electricity.