This Coal Plan Offers Only Half a Solution

Indonesia, the Philippines and Vietnam — the three pilot international locations — have younger energy vegetation, opaque long-term pricing agreements, and don’t but make carbon emissions sufficiently pricey. In contrast to different components of the world the place such early retirement plans have been examined, typically with ageing and inefficient vegetation, there will not be the incentives for sufficient operations to be offered. This isn’t one nation in disaster — like South Africa, additionally contemplating a coal exit plan — however international locations with fragmented grids, differing markets and distinct home imperatives. What appears worthy on paper could have insufficient influence at a excessive price, whereas distracting from extra mundane however important investments.