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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 the total phase out of all fossil fuel-fired power plant by 2030.
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