Rich nations told to shut coal plants by 2030 to save climate

Bloomberg

Rich countries must close all their coal-fired power plants by 2030 to have a chance of holding global warming to tolerable levels, a report from an environmental research group said.
China would have to phase out
the most polluting fossil fuel by
2040 and the rest of the world by 2050, according to Climate Analytics, a Berlin-based non-profit that is studying how nations can meet
the emissions goals they agreed
at United Nations talks in Paris
last year.
The findings illustrate the difficulty in achieving the UN goal of holding global warming to well-below 2 degrees Celsius (3.6 degrees Fahrenheit). The world already has 8,175 coal plants and is building another 733, providing about 40 of all electricity. Envoys from more than 190 nations are meeting this week and next in Marrakech, Morocco, to discuss how to take forward the ambitions they set out in Paris.
“Both shutting down existing coal and avoiding new coal build is absolutely essential to avoid devastating air pollution and climate impacts,” said Jennifer Morgan, executive director of the environmental group Greenpeace International.
Pollution from coal plants could create 2.5 times more carbon dioxide emissions than allowed by scenarios consistent with 2 degrees of warming, the report said.
If coal plants remain open, the world would have to rely instead on geoengineering, which may include pouring nutrients into oceans to save coral habitats or spraying tiny particles into the Earth’s atmosphere to reflect sun rays back into space, the report said. Such proposals have been shunned because of their unpredictable consequences on global ecosystems.
The Marrakech meeting has been overshadowed by Donald Trump’s victory in the US election on Tuesday. The president-elect has said
climate change is a hoax perpet-
rated by the Chinese and vowed
to scrap US participation in the
Paris agreement and stimulate coal and production.
Trump may have difficulty reversing coal’s decline as a power generation fuel, since cheap natural gas has cut its market share.
“Although the US election has
created short term tailwinds for the coal industry, the medium and long term outlooks point to continued decline,” said Tom Sanzillo, finance director at the Institute for Energy Economics and Financial Analysis, an environmental researcher based in Cleveland, Ohio.