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No new investment in coal-based power generation

Submitted by Charlotte on
Measures

No new investment in coal-based power generation


Stopping new investment in coal-fired power generation is essential to meeting the long-term targets of the Paris Agreement. Policymakers should cancel any coal-fired capacity addition to avoid a lock-in of coal-fired power generation and increase the risk of stranded assets in future due to the impact of climate change, while planning for retirement of existing coal-fired power plants. The importance of early action cannot be overstated. A schedule for the planned retirement of existing coal-fired power plants should be defined and forced-retired as quickly as possible.


Carbon capture and storage for coal-fired power plants in Indonesia

The Government of Indonesia has considered CCS in the national energy strategy through the pilot project, Merbau Gas Gathering Station, to capture and store 50-100 tCO2 per day. However, the costeffectiveness of CCS varies widely with geography and project sites. An in-depth feasibility study to identify CCS-readiness should be undertaken prior to the implementation of CCS. Moreover, most renewable energy technologies are now cheaper than coal-based technologies without CCS. The addition of CCS will further increase the difference.
 
This recommendation is generally applicable across all ambitious scenarios. More specifically, this scenario considers no new coal-fired power plant capacity addition. 
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