Cheap renewable energy is killing India’s coal-based power plants
Renewable energy prices in India are crashing, leaving coal-based power plants in the country financially unviable in their wake.
No coal
Coal once powered much of the world’s economy — and now countries, cities, and utilities are moving away from it faster than many expected. This archive tracks plant closures, policy shifts, and clean-energy transitions that are shrinking coal’s role in the global energy mix.
HSBC to stop financing most new coal plants, oil sands, arctic drilling
Europe’s largest bank HSBC said on Friday it would mostly stop funding new coal power plants, oil sands and arctic drilling, becoming the latest in a long line of investors to shun the fossil fuels.
The U.K. goes 55 hours without using coal for the first time in history
No coal was used for power generation by stations in the U.K. between 10:25 p.m. in London on Monday until 5:10 a.m. on Thursday.
U.K. carbon emissions down to 1890 levels
The data marked the fifth successive year in which the amount of carbon dioxide pumped into U.K. skies has fallen, and emissions are now 38 per cent below the level of 1990.
Renewables overtake coal in European electricity supply
Good wind conditions and huge investment into wind energy have helped the European Union generate more electricity from renewable energy sources like wind, solar and biomass than from coal in 2017, a new study has shown.
France to shut all coal-fired power stations by 2021, Macron declares
The 2021 goal sets a more aggressive target than the timeline advanced by Mr Macron’s predecessor, Francois Hollande, who sought to shut down the country’s coal-powered plants by 2023.
Banking giant Lloyd’s of London to divest from coal over climate change
Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies.
World’s biggest coal company closes 37 mines as solar prices plummet
Coal India, the world’s biggest coal mining company and producer of 82 percent of the country’s coal, announced the closure of 37 mines that are financially “unviable.”
South Korea to transition from nuclear to renewables
President Moon also plans to close at least 10 ageing coal-fired power plants before his term ends in 2022, as well as boosting renewables’ share of the country’s energy mix from 6.6 per cent today to 20 per cent by 2030.
Plans for 13.7 GW of coal power in India axed
“For the first time, solar is cheaper than coal in India and the implications this has for transforming global energy markets are profound.”