IEEFA – Accelerating the Coal to Clean Transition, June 2024

Renewable energy assets can cover the costs of closing coal plants and still be profitable for operators. Transitioning from coal to clean energy presents a valuable opportunity. Philanthropy can support local teams in analyzing and facilitating these transitions to reduce risks and effectively leverage funds. More coal decommissioning transactions should be pursued in the next few years. The report identifies five specific opportunities worldwide for economically feasible coal-to-clean transactions before 2030. These opportunities could lead to profitable investments without subsidies, with the potential for a positive economic return. Structure can be in place to cover all costs associated with the transition, including societal costs. Governments, investors, and philanthropic organizations should prioritize and invest efforts in identifying and capitalizing on these opportunities to accelerate the clean energy transition before 2030.