Phasing out unprofitable coal plants could save US consumers US$10 billion a year by 2021 and boost the country’s competitiveness, finds a new report by Carbon Tracker. The financial think tank finds that by the mid-2020s it will be cheaper to build new combined cycle gas turbines (CCGT) than continue running 78% of existing coal power plants.
Increasingly, companies across sectors and geographies are turning to an internal carbon price as one tool to help them reduce carbon emissions, mitigate climate-related business risks, and identify opportunities in the transition to a low-carbon economy.
The Asian Development Bank (ADB), in a report launched, has proposed the creation of national green financing vehicles to catalyze environmentally and financially sustainable infrastructure investments in Asia and the Pacific.
CDKN’s flagship book, Mainstreaming Climate Compatible Development, draws from the alliance’s seven year experience of supporting climate compatible development in Asia, Africa, Latin America and the Caribbean.
A new report ‘Digging Deep’ analyzing a US$294 billion market cap grouping of the world’s major publicly-listed mining companies reveals they are generating up to US$16 billion in emissions costs by passing down the risk in their value chain.