Sweden Shutters Last Coal-Fired Generating Plant 2 Years Early

It’s good news when a nation makes plans to rid itself of electricity generated from burning coal. It’s even better news when it does so ahead of schedule. Swedish utility Stockholm Exergi announced some time ago it would shut down its KVV6 coal generating station in Hjorthagen in 2022. It …

Report: Closing Coal Plants Would Save US $10bn a Year

Energy consumers in the US could be paying an extra $10bn a year by 2021 to prop up ageing coal power plants, according to a new study which argues cheap gas and renewable energy will soon undercut the cost of running most existing coal power plants. Analysis released today by …

Report: China Risks Wasting $500bn On Unneeded Coal Plants

China is at risk of wasting almost half a trillion dollars on new coal plants which could quickly become stranded assets as a result of the country’s pursuit of a lower carbon economy. That is the conclusion of a new report from the Carbon Tracker think tank, which analyses China’s …