This is a concept paper on the Platform for Accelerating Coal Efficiency (PACE). The vision of PACE would be that for countries choosing to use coal, the most efficient power plant technology possible is deployed. The overriding objective would be to raise the global average efficiency of coal-fired power plants and so minimise CO2 emissions which will otherwise be emitted while maintaining legitimate economic development and poverty alleviation efforts.
Coal transport
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As the Paris Agreement is formalised and NDCs are standardised, it is a fair to assume that other countries will look to HELE coal technologies as part of their emissions reductions plans.
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Position statement by the World Coal Association for COP 21 in Paris.
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Overview of the World Coal Asssocation's position on the importance of CCS to achieve the required levelsof emissions reduction, whilst supporting coal's significant role in the future energy mix.
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In 2015, global investment in renewables grew about 5 percent relative to the previous year and reached an all-time high of US$ 286 billion (bn). And there are more interesting trends: Investment in renewables’ based electricity generation capacity in 2015 has been more than double the investment in the major fossil fuels (renewables: US$ 266 bn versus US$ 130 bn for coal and gas stations). This also leads to added capacity in terms of Gigawatts in 2015 in renewables (134 GW) outstripping all other technologies combined (conventional coal, gas, and nuclear).
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This report studies the development of criteria for assessing the compatibility of financial investments with the international goal to limit global temperature increase to below 2°C above pre-industrial levels. The findings are intended as a starting point and a key input for a longer term process to develop consensus-based 2°C investing criteria. The focus here is placed on investments in projects and physical assets, in particular of development and climate finance organisations.
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The transition from fossil fuels to cleaner, safer energy technologies is under way. To pinpoint where decarbonization is happening most rapidly—and to extract lessons and best practices that can be applied to other areas of the global economy where progress is needed in the fight against climate change—this study by ClimateWorks, NewClimate Institute, Ecofys, and Climate Analytics compares past projections with actual developments in renewable energy, coal consumption, and passenger vehicles. Key findings include: Decarbonization of the power sector is happening faster than predicted.