"CMIA helped to explain the potential for project-based mechanisms across a variety of constituencies and is a key voice driving the conversation on results-based finance and sector approaches for scaling-up emission reduction investments. We urgently need input from organisations like CMIA to operationalise Art 6 of the Paris Agreement."

Mr. Franz-Josef Schafhausen, former Director General Climate Change, European and International Affairs, Federal German Ministry of the Environment, Nature Conservation, Building and Nuclear Safety

U.S. coal plant retirements near all-time high

14th November 2018 by CMIA

Twenty U.S. coal-fired power plants have closed or are expected to close by year-end, making 2018 the top year for coal retirements since environmental regulations helped shutter 17 gigawatts (GW) of capacity in 2015.

This year’s widespread closures were headlined by the retirement of four massive Vistra plants in the ERCOT (Texas) market. Coal plants retiring this year produced 127,000 gigawatt-hours of electricity in 2017, enough to power 12 million homes. Replacing just half of that generation with natural gas could boost demand for the fuel by as much as 1.5 billion cubic feet per day. Fierce competition from cheap gas and zero-marginal-cost renewables will continue to drive closures, particularly in the Midwest and Mid-Atlantic regions. An additional 37GW, nearly a quarter of today’s fleet, are set to exit the U.S. market by 2025.

Source: http://bit.ly/NoUSCoal