Due to cheaper renewable energy, up to 800 gigawatts of existing coal-fired capacity could be replaced by new renewables capacity, which would save up to $32 billion a year and reduce carbon dioxide emissions by up to 3 gigatonnes.
Phasing out coal burning is seen as key to meeting a Paris Agreement commitment to curb the global average temperature rise to below 2 degrees Celsius this century. The IEA forecast global coal demand would fall by about 8 percent in 2020. The LCOE comprises the cost of generating a megawatt hour of electricity, plus the upfront capital and development cost, financing costs, and operating and maintenance fees.
In Europe new coal-fired power plant operating costs are well above the costs of new solar PV and onshore wind, including the cost of carbon prices.
Ako ay pabor sa wind and other non-renewable energy kaysa sa nuclear powerplant... isipin natin ang mga anak at apo mga susunod na mga Filipino at mga ibang tao sa susunod na mga generation