A Global Coal-Phase-Out and the International Coal Market – similarities and differences between Europe, China, and India

摘要

1.The climate targets of Paris imply a global phase-out of coal. The majority of resources has to stay in the ground.2.There is a global trend to phase-out coal power plants in several countries, which is economically efficient.3.A global energy system based on 100% renewable energy sources until 2050 is technically possible and can be achieved at low costs.4.A consistent global and national strategies and policy mix is needed for the closure of older plants, the ban on new coal mines, the diversification of the technology mix, and investments into lucrative renewables.5.The access of all citizens to avordable renewable electricity is a major challenge for some emerging countries. A just energy transition, however, also creates new jobs and opportunities for various regions and sectors.