Replacing the world’s coal-fired power plants with renewables is the profitable path to a cleaner future.
Current projections show that the global GHG emission target for the 1.5 degree pathway will be missed by 22 Gt CO2e by 2030.
The SwitchCoal study shows that this gap can be partially closed (10 Gt) profitably until 2030 by replacing coal-fired power plants by wind-solar-battery power plants.
Source: climateactiontracker.org
SwitchCoal can help you improve your country’s Nationally Determined Contributions. A profitable pathway to 1.5° with positive societal impact.
Switching your Coal-Fired Power Plant to the lower operating costs of Solar-Wind-Battery offers a profitable and sustainable business opportunity.
Switching 90% of the world’s CPPS to renewables may well represent the last opportunity to get back on track for 1.5° - and mitigate the worst impacts of climate change.
The SwitchCoal study shows feasibility on the economic, manufacturing and timing levels for switching 90% of the world’s coal plants to renewables. Let’s communicate solutions.
The SwitchCoal Project is based on a groundbreaking energy potential analysis which assessed the impact and economic feasibility of switching all worldwide coal plants to Solar-Wind-Battery by 2030.
A physical model was used to analyze the wind-solar potential of all 2,500 plant locations.
An economic model was used to calculate the investment need and ROI for switching each coal-plant to Solar-Wind-Battery.
Annual reduction rates of ghg emissions were calculated at plant, regional and country level.
The impact on health and social factors like employee retraining and job creation were also explored.
Thanks to the reduction in operating costs, this includes US $6 trillion in additional profits to the regular profits. With no new grid connections required and sufficient global Wind-Solar-Battery manufacturing capacity already in place, this is possible by 2030.
