24 w
•
New Study: The price tag of phasing-out coal
<p><strong>Coal phase-out is necessary to solve climate change, but can have negative impacts on workers and local communities dependent on coal for their livelihoods. Researchers at Chalmers University of Technology in Sweden and Central European University in Austria have studied </strong><strong>government plans for coal phase-out around the world and discovered that more than half of such plans include monetary compensation to affected parties. This planned compensation globally amounts to USD 200 billion, but it excludes China and India, the two largest users of coal that currently do not have phase-out plans. The study shows that if China and India decide to phase out coal as fast as needed to reach the Paris climate targets and pay similar compensation, it would cost upwards of USD 2 trillion.</strong></p>
https://www.eurekalert.org/news-releases/1043956
149 more agrees trigger scaled up advertising
Businesses and leaders will listen and reply on We Don't Have Time
•
•
23 w
Wow...all nations should phase -out coal so as to reduce the emissions that come about due to the use of coal.
•
•
24 w
This is a very good study.India and China should follow suit in phasing out fossil fuels from their countries.
•
•
•
24 w
Dear Princess Your climate love has received over 50 agrees! We have reached out to Chalmers University of Technology by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time
•
24 w
It's heartening to see that over half of global coal phase-out plans include monetary compensation, reflecting a commitment to fairness and equity in the transition process.
•
24 w
Yes, a just transition can help address the social costs of phasing out coal.
•
24 w
@george_kariuki acknowledging and addressing the needs of affected parties, we can foster a smoother transition towards cleaner energy sources.
•
•
24 w
This is a great research to show the roadmap of coal phaseout and how the affected communities are compensated. This is the right way to go for Europe countries and I hope India and China would join in this campaign.
•
24 w
@joseph_githinji Such initiatives highlight a broader understanding of the interconnectedness between environmental sustainability and social justice.
•
24 w
This is an incredible research.I argue china and india to follow in the footsteps of Europe which has demonstrated "just transition" mechanism from coal to green energy.
•
24 w
@rukia_ahmed_abdi it's paving the way for a more inclusive and resilient future.
•
•
24 w
China and India should follow footsteps of Europe in phasing out fossil fuels. The substantial costs of compensating workers and communities affected by the phase-out of coal necessitate a concerted international effort. Increased global funding, tailored regional strategies, worker retraining programs, and collaborative public-private initiatives are needed to facilitate a just and effective energy transition that addresses the social impacts of fossil fuel decline.
•
24 w
@walter_lungayi I agree with you.The fact that Europe in succeeding in transition from coal is a testimony that india and china can too succeed if the decide to follow suit
•
24 w
@walter_lungayi addressing the socio-economic implications for affected workers and communities is quite commendable.