30 June | Online

The IEA’s Net Zero by 2050 report specified that there must be no new unabated coal plants approved for development and no new coal mines or mine extensions from 2021 onwards to hit a 2050 Net Zero target. Despite this, the IEA predicts 2021 will have the largest increase in energy-related carbon emissions since 2010, driven by a rebound in the use of coal in Asia.

The Net Zero by 2050 report has reinforced the message that coal is losing its footing in markets around the world as renewable energy becomes increasingly cost competitive. Coal investments are becoming financially and environmentally unviable and ceasing to make sense as an option for investors and governments. Post-COVID stimulus packages and policies should be used to lay the foundations for a sustainable energy system and avoid locking in fossil fuel assets at risk of being stranded.

Carbon Tracker’s next update in our Powering Down Coal series lays out the financial case against coal. It reinforces the message that new renewables are cheaper than new coal in all major markets today and cheaper than operating coal in a significant proportion of the world. The analysis continues to show that the stranded asset risk here is huge.

This webinar will discuss the findings of the report including coal phase out and project finance. We’ll explore perspectives from those still financing coal projects to those switching off capital and experiences from countries betting on coal’s future.

Speakers Confirmed:

• Catharina Hillenbrand Von Der Neyen, Co-head of Research, Carbon Tracker
• Lindsay Keenan, European Coordinator, Insure Our Future network
• Joojin Kim, Managing Director, Solutions for Our Climate (Korea)
• Moderator  |  Richard Folland, Policy and Government Affairs Adviser, Carbon Tracker

This webinar will be recorded and available on Carbon Tracker’s website and YouTube channel.