Coal exit in major coal-using economies feasible within 20-30 years, would bring social and economic benefits - study
Implementing pathways away from coal-fired power production in line with the Paris Climate Agreement is feasible in the major coal-using economies within 20 to 30 years, according to a comparative study on six countries, including Germany, Australia, China and Poland. The move would be beneficial both from a social and from an economic point of view. The study underlines that there is no universal blueprint for implementing a just transition, but calls for action sooner rather than later: “The crucial success factor is to anticipate rather than wait until the economics turns against coal,” says a press release. Research institutes from six major coal-using economies, including the German Institute for Economic Research (DIW), cooperated under the leadership of French think tank Institute for Sustainable Development and International Relations (IDDRI) and UK-based research network Climate Strategies.