Planning a Graceful Exit for Coal: RMI Launches First Global Playbook to Minimize Stranded Assets
September 06, 2018
September 06, 2018
NEW YORK, Sept. 6 -- Rocky Mountain Institute issued the following news release:
Coal-fired power generation is in structural decline, driven both by regulatory pressure to curb pollution and by stiff market competition from cheap renewables and natural gas. More than half of European coal plants are cashflow-negative; in liberalized U.S. markets, utilities that own coal assets have lost approximately half of their market capitalization. In India, two-thirds of coal plants are more . . .
Coal-fired power generation is in structural decline, driven both by regulatory pressure to curb pollution and by stiff market competition from cheap renewables and natural gas. More than half of European coal plants are cashflow-negative; in liberalized U.S. markets, utilities that own coal assets have lost approximately half of their market capitalization. In India, two-thirds of coal plants are more . . .