More than 40 per cent 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.
Institutional investors are increasingly divesting from fossil fuel companies due to the risk their assets will become stranded as tougher emissions cut targets discourage their use and renewable energy becomes even cheaper.
London-based Carbon Tracker analysed the profitability of 6,685 coal plants around the world, representing 95 percent of operating capacity and 90 percent of capacity under construction. Read More
Latest posts by Financial Express (see all)
- Indian Railways on a record-breaking spree! From Train 18 to modern locomotives, top 5 achievements - February 21, 2019
- Oil ticks over near 2019 highs amid OPEC cuts, but economic slowdown applies brakes - February 21, 2019
- Delhi-Meerut rapid rail corridor gets Modi Cabinet nod! Know all about the first of its kind project in India - February 21, 2019