Coal Phase-Out Risks: Caution for Development Banks on Co-Firing, Retrofitting, and Carbon Credits

29 Apr 2024
Coal Phase-Out Risks: Caution for Development Banks on Co-Firing, Retrofitting, and Carbon Credits

Authors: Outlaw, Kachi, Bendahou, Fearnehough
Authoring Organisation: NCI - NewClimate Institute ,I4CE - Institute for Climate Economics
Posted At: 03-2024

This report, co-written by NewClimate Institute and the Institute for Climate Economics (I4CE), addresses the urgency to accelerate efforts towards reducing unabated coal power globally. It highlights the complexities of achieving a just transition to renewable energy, including considerations around existing coal infrastructure. The term "unabated" allows for technologies aimed at reducing emissions, which could potentially slow down the phase-out of coal. Strategies discussed in the report include co-firing with alternative fuels like biomass, hydrogen, or ammonia, as well as retrofitting coal plants with carbon capture and storage (CCS) systems.

Authors: Imogen Outlaw, Aki Kachi, Sarah Bendahou, Harry Fearnehough

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