Phasing out coal plants worldwide won’t be easy. These four approaches could help
Payne Institute Researcher Brad Handler, Katie Auth, and Director Morgan D. Bazilian write about how reducing coal use around the world is critical for decreasing air pollution and addressing climate change, yet global coal consumption continues to grow in some regions. At the recent U.N. climate negotiations, countries agreed to “phase down” coal use, but achieving these goals won’t be easy, or cheap — and that’s where innovative financing comes in. Our research suggests that getting the right financial structures in place can help countries bring the dirtiest forms of power offline faster and accelerate new clean energy deployment. December 2, 2021.