As most of the coal units are loss - making out to 2030, the total stranded value in the B2DS is negative — meaning the EU could avoid $ 22bn in losses by
phasing out coal power in line with the Paris Agreement.
A 2016 study by health and environmental organizations found
phasing out coal by 2030 would prevent more than a thousand premature deaths and some 870 hospital visits in Canada, while saving nearly $ 5 billion in costs to society, including healthcare expenses and lost productivity.
Analysis of more than 600 power plants by Carbon Tracker, the climate think - tank, estimates that $ 22bn of losses could be avoided by
phasing out coal in the EU by the end of the next decade.
«This survey found strong support
for phasing out coal power faster and cleaning up the fuel in our cars and trucks.
There is some wisdom in Joe Biden's expressed support for exporting cleaner coal burning technologies overseas, but that's no excuse not to
phase out coal burning as quickly as possible.
Under that scenario, Duke would
phase out coal completely by 2050, reducing the company's carbon emissions to nearly three - quarters below 2005 levels.
If humanity wishes to preserve a planet similar to that on which civilization developed and to which life on Earth is adapted, paleoclimate evidence and ongoing climate change suggest that CO2 will need to be reduced from its current 385 ppm to at most 350 ppm, but likely less... An initial 350 ppm CO2 target may be achievable by
phasing out coal use except where CO2 is captured, and adopting agricultural and forestry practices that sequester carbon.
Further reinforcing the urgency
of phasing out coal are the more extreme weather events that climate scientists have been warning about for decades.
The Alberta government announced a new climate policy Sunday that includes a carbon tax and a promise to
phase out coal fired generating plants.
Canada recently announced for instance that it would
begin phasing out coal faster than it had previously planned due to increased environmental concerns.
In Canada, Alberta recently released its plan to
phase out coal over 15 years and put in a $ 30 - per - tonne carbon price (it also put a cap on emissions from the oilsands sector).
However, Alberta has committed to stop burning coal for electricity by 2030, and
Ontario phased out coal power in 2014.
It means we have to
phase out coal now and walk away from most if not all the Canadian tar sands (good - bye, Keystone XL pipeline).
Tax and dividend is the policy complement that must accompany recognition of fossil carbon reservoir sizes for strategic solution of global warming (the physics: reservoir sizes imply the need to
phase out coal emissions promptly and quash unconventional fossil fuels).
CANA is a national organisation working to
phase out coal mining and coal usage in Aotearoa New Zealand by 2027, initially by opposing new and expanded coal mines.
The campaign is urging all EU governments to put forward concrete plans to
phase out coal before the 2018 international climate meeting in Katowice, Poland.
The 2017 budget provides funding for Ottawa's work on some of the Framework's priorities,
including phasing out coal, cleaner transportation, energy efficiency and adaptation.
Then, when policies are finally introduced, we have to
phase out coal even more quickly and more investments go to waste,» he says.
It compared coal owners» business as usual plans and member state phase - out policies with the International Energy Agency's Beyond 2 °C Scenario (IEA B2DS),
which phases out all coal power in the EU by 2030 and gives a 50 % chance of limiting global warming to 1.75 °C.
In 2006, California Gov. Arnold Schwarzenegger and the Democratic legislative majority embarked on a program to double renewable electric generation to 20 percent
while phasing out coal.
Both The Globe and Mail and The New York Times are reporting on recent comments from Jim Prentice, Canada's minister of the environment,
about phasing out coal - fired electricity in Canada:
E3G's scorecard looks at the progress made
on phasing out coal since the Paris climate conference and shows that an additional 40GW of existing coal plants have been marked for retirement over the coming years.
The institute also recommended that
Australia phase out coal - fired electricity generation by 2025, increase renewable generation to 50 % by 2030, and double energy productivity by 2030.
Friends of the Earth Slovenia and allies demand that the Slovenian
government phase out coal and nuclear in the country, and develop truly sustainable renewable energy sources in line with the Paris agreement.
Sierra Club seeks to
permanently phase out coal from our nation's energy portfolio by 2030, even though coal powers nearly 40 % of America's electricity, and its diminished use would result in a dangerous overreliance on natural gas, which is a «just - in - time» source, piped in when needed, and intermittent energy sources like renewables,» said Laura Sheehan, spokeswoman for the American Coalition for Clean Coal Electricity.
In November, the city council adopted a motion that is calling upon the mayor and aldermen to make a plan together with the harbor authorities to
phase out coal transshipment at a rate that is in line with the Paris Agreement.
As I have written repeatedly, we have vast solar and wind resources, and the mature and powerful technologies to harvest them, and we can
easily phase out both coal and nuclear in 10 to 20 years.
The challenges for Germany will be accelerating that transition,
phasing out coal production, meeting the ambitious goals of the Paris Agreement, and ensuring that this movement to clean energy is a just and fair one for the country's many fossil fuel workers.
Banks says all the coal at Shotton and Highthorn can be extracted by the government's 2025 deadline
for phasing out coal - fired power generation.
In reflecting this, Denmark's Dong Energy plans to
phase out its coal plants by 2023, while Italian utility Enel plans to become carbon neutral before 2050.
«Moving forward
with phasing out coal, reducing energy waste and producing more renewable energy will allow Alberta to forge its own energy future.
However, the Germans are currently considering new environmental laws to
phase out coal entirely either in the 2030s or 2040s.
Coal, on the other hand, has larger reserves and the authors conclude that «the only realistic way to sharply curtail CO2 emissions is
phase out coal use except where CO2 is captured and sequestered.»
The Alberta government received the final report from the independent panel led by University of Alberta economics professor Andrew Leach and announced its plans to
phase out coal burning electricity plants, phase in a price on carbon, introduce a limit on overall emissions from the oil sands and introduce an energy efficiency strategy.
In north China's drive to switch to residential winter heating systems, it
began phasing out coal - powered boilers to switch to gas or electric - powered equipment.
By encouraging the development of renewable energy in Ontario, the FIT Program will help
Ontario phase out coal - fired electricity generation by 2014 - the largest climate change initiative in North America.