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Wednesday, 18 October 2017

GreenPeace: 23 countries and states to phase out coal as US$432 billion of capital leaves the industry

23 countries and states to phase out coal as US$432 billion of capital leaves the industry
Hong Kong, 18 October 2017 - Over a quarter of the 1,675 companies that owned or developed coal-fired power capacity since 2010 have entirely left the coal power business, according to new research from CoalSwarm and Greenpeace. This represents nearly 370 large coal-fired power plants - enough to power around six United Kingdoms - and equivalent to nearly half a trillion US dollars in assets retired or not developed [1].While many generating companies go through this rapid makeover, the research also shows that a total of 23 countries, states and cities will have either phased out coal-fired power plants or set a timeline to do so by 2030. "Before 2014, no major jurisdiction had completely...
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