Coal investors face US$600 billion loss to renewables, says watchdog | The Malaysian Insight

Greenpeace activists hold a protest outside the Uniper coal-fired power plant in Datteln, Germany, on February 26, 2020. Carbon Tracker says one coal plant would need to close every day until 2040 to keep the 1.5C goal in sight. – EPA pic, March 12, 2020.

INVESTORS in coal plants risk losing more than US$600 billion as power from renewables proves cheaper than electricity generated from new coal projects, market watchdog Carbon Tracker said today. In a new analysis of the cost of coal power across the world, it found that more than 60% of the existing supply is already more expensive than electricity from renewables such as solar and wind.

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