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New Coal-Fired Plants Jeopardise Paris Agreement

Author

Listed:
  • Mikel González-Eguino

    (Basque Centre for Climate Change (BC3), 48940 Leioa, Spain
    Department of Foundations of Economic Analysis, University of the Basque Country (UPV/EHU), 48013 Bilbao, Spain)

  • Antxón Olabe

    (Basque Centre for Climate Change (BC3), 48940 Leioa, Spain)

  • Teresa Ribera

    (Institute for Sustainable Development and International Relation (IDDRI), 75006 Paris, France)

Abstract

Global greenhouse gas emissions need to peak soon and be reduced practically to zero in the second half of this century in order to not exceed the climate targets adopted in the Paris Agreement. However, there are currently numerous coal-fired power stations around the world at different stages of construction and planning that could be completed in the next decade. If all these plants are actually built, their expected future emissions will make it very difficult to reach these targets, even in an optimistic scenario with the deployment of carbon capture and storage technologies. Policy makers around the world need to react quickly and help to redirect investment plans for new coal-fired power stations towards low-carbon technologies.

Suggested Citation

  • Mikel González-Eguino & Antxón Olabe & Teresa Ribera, 2017. "New Coal-Fired Plants Jeopardise Paris Agreement," Sustainability, MDPI, vol. 9(2), pages 1-4, January.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:2:p:168-:d:88688
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    References listed on IDEAS

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    1. Mr. David Coady & Ian W.H. Parry & Louis Sears & Baoping Shang, 2015. "How Large Are Global Energy Subsidies?," IMF Working Papers 2015/105, International Monetary Fund.
    2. Pfeiffer, Alexander & Millar, Richard & Hepburn, Cameron & Beinhocker, Eric, 2016. "The ‘2°C capital stock’ for electricity generation: Committed cumulative carbon emissions from the electricity generation sector and the transition to a green economy," Applied Energy, Elsevier, vol. 179(C), pages 1395-1408.
    3. Howard Covington & James Thornton & Cameron Hepburn, 2016. "Global warming: Shareholders must vote for climate-change mitigation," Nature, Nature, vol. 530(7589), pages 156-156, February.
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    Cited by:

    1. Shuyu Li & Xue Yang & Rongrong Li, 2018. "Forecasting China’s Coal Power Installed Capacity: A Comparison of MGM, ARIMA, GM-ARIMA, and NMGM Models," Sustainability, MDPI, vol. 10(2), pages 1-15, February.
    2. Maamoun, Nada & Chitkara, Puneet & Yang, Joonseok & Shrimali, Gireesh & Busby, Joshua & Shidore, Sarang & Jin, Yana & Urpelainen, Johannes, 2022. "Identifying coal plants for early retirement in India: A multidimensional analysis of technical, economic, and environmental factors," Applied Energy, Elsevier, vol. 312(C).

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