Early Phase-Down of Coal Plant s - The Role of Development

He serves as co-chair on the T20 India Task Force on ‘Refueling Growth: Clean Energy and Green Tran- sition’ to the G20, the Chair’s Council of the United States Export Import Bank on China Competition and as the international chair of the ‘Greening the BRI Task Force’ of the China Council for International Cooperation on Environment and Development (CCICED). [...] Rationale and Benefits Of the fossil fuels, coal consumption needs to see the most drastic reductions if the temperature limits set in the Paris Agreement are to be adhered to (IPCC 2022), necessitating the cessation of the operation of coal-fired power plants. [...] It entails policy options at the government, the entity and the asset level, wherein the entity refers to the owner and / or the operator of the coal facility. [...] LOWERING THE COST OF EQUITY The second group of financing mechanisms targets the cost of capital by lowering the cost of equity for the asset owners. [...] Similar to the mechanisms outlined, the objective of this group is to reduce the cost of capital in order to lessen the operator’s reliance on income generated by the coal plant.