World Economic Forum – Scaling Financing for Coal Phase-out in Emerging Economies, Feb

Coal accounts for 36% of total global power generation, making up far higher shares in many emerging and developing economies (EMDEs). Without urgently investing in alternatives and scaling back coal-related emissions in EMDEs, the existing global fleet of coal assets will consume half the world’s remaining carbon budget to keep average warming of 1.5 degrees Celsius within reach. This paper from the World Economic Forum’s Coal-to-Clean Initiative focuses on making more financing available for coal phase-out in EMDEs, highlighting mechanisms such as Coal Retirement Mechanisms (CRMs) that can incentivize early retirement of coal plants.