More Than 40 Percent of World Coal Plants Are Unprofitable, Says Report (reuters.com)

An anonymous reader quotes a report from Reuters: More than 40 percent of the world's coal plants are operating at a loss due to high fuel costs and that proportion could to rise to nearly 75 percent by 2040, a report by environmental think-tank Carbon Tracker showed on Friday. London-based Carbon Tracker analyzed the profitability of 6,685 coal plants around the world, representing 95 percent of operating capacity and 90 percent of capacity under construction. It found that 42 percent of global coal capacity is already unprofitable. From 2019 onwards, it expects falling renewable energy costs, air pollution regulations and carbon pricing to result in further cost pressures and make around 72 percent of the fleet cashflow negative by 2040. In addition, by 2030, new wind and solar will be cheaper than continuing to operate 96 percent of today's existing and planned coal plants, the report said.

Comments

Yeah right

[110010001000]

Never trust these "independent think tanks". These are the lobbyists that everyone complains about. They are bought and paid for.

Re: Cheaper solar and wind

[Anonymous Coward]

Nice propaganda. You are lying by presenting facts in a deliberately deceptive manner. Warm start. Right. No, jackass, coal and nuclear stabilize inside inner cycle with a large roasting mass.

Yes, coal is expensive when sabotaged and renewable cheaper when subsidized. You see any funds for decommissioning the suing wrong farms? Nuclear is fully funded and coal is over most of they production cycle.

Re:But wind/solar are indeterminate.

[drinkypoo]

We need to limit wind/solar and instead have a matrix of clean energy. Basically, we need to include hydro, Geothermal, and nukes.

Did you and blindseer issue from the same malignant vagina? We don't need nukes. Batteries are already good enough and almost already cheap enough to do that job better than nuclear ever could. Nuclear doesn't ramp up and down when you need it, but battery storage systems are immediate. Base load is a stupid myth and by the way, the wind is always blowing somewhere. That's what power distribution is for. Aren't your lips chapped from all the time you spend fellating nuclear power? There's billions in that industry already, your suction can make no practical difference.