More than 40 per cent of world coal plants are unprofitable, says report

More than 40 per cent of world coal plants are unprofitable, says report

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

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