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How to replace coal power with renewables in developing countries
(Eco Business, 9 Jun 2020) Using a coal retirement mechanism, nations could phase out coal power and replace it with renewables more quickly while creating new jobs, improving public health, and changing the trajectory of carbon emissions.
2020 will be remembered as the year when the world’s two biggest crises—climate change and Covid-19—wreaked havoc.
As Europe and the US debate and dispense multi-billion-dollar Covid-19 rescue packages, and the United Nations and the International Monetary Fund call for global investments in a ‘green recovery’, the most accessible and high-impact focus for health and climate would be to accelerate the replacement of coal-fired electricity.
Creating a mechanism to acquire and retire coal-fired assets and recycle those funds to accelerate renewable energy would produce a triple win: creating jobs post-Covid-19, improving public health, and massively changing the trajectory of carbon emissions.
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Eco Business, 9 Jun 2020: How to replace coal power with renewables in developing countries
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